Ship Chartering, Laytime & Demurrage Masterclass

ISO 9001:2015 Certified ISO 29990:2010 Certified

ISO 29990 23-JAN-18

An Intensive 5 - Day Seminar On Ship Chartering, Laytime & Demurrage Masterclass: Resolution of Commercial & Legal Complexities

16 - 20 Apr 2018, Kuala Lumpur 12 - 16 Nov 2018, Bali (Indonesia)

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The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc Ship Chartering, Laytime & Demurrage Masterclass: Resolution of Commercial & Legal Complexities

Introduction Attendance on EuroMaTech’ s Ship Chartering, Laytime & Demurrage Masterclass training course helps participants to Master the A to Z of Chartering Contracts, Laytime and Demurrage. capitalize on the expert knowledge to gain maximum value on The shipping adventure, sometimes called the carriage of goods these vital issues: by sea involves several stages from the loading voyage, with the vessel sailing in ballast to the loading port, the loading »» Attain a comprehensive and in-depth knowledge of ship operation and then the carrying voyage until the unloading or charter contracts discharging of the cargo. The shipowners and charterer roles and »» Recognise the differences between the many type of responsibilities in every stage and the inter-play between them charter parties and how it pans out during the course of a voyage will determine »» Understand the jargon and abbreviations the success or failure of that voyage. It is important to understand »» Appreciate the rights and obligations of Charterers and contractual provisions in a charter party and negotiate the Owners terms in order to avoid pitfalls in chartering of the ships and to »» Avoiding pitfalls in negotiating chartering contracts provide for the calculating of laytime and demurrage which will »» Manage & Mitigate the risks involved in chartering of invariably affect all the parties’ bottom line. vessels

This 5-day Ship chartering, Laytime & Demurrage Masterclass workshop will give participants a comprehensive understanding Training Methodology of the essential aspects of chartering. The training course will enable participants to better negotiate charter parties, have The Ship Chartering, Laytime & Demurrage Masterclass training insight to make strategic decisions on chartering and to be course will combine presentations with instructor-guided at an advantage when negotiating chartering contracts. The interactive discussions between participants relating to their knowledge and expertise gained from this workshop will enable individual workplace. Practical exercises, video material and case the participants to return to work with many new strategies to studies aiming at stimulating these discussions and providing apply in practice. maximum benefit to the participants will support the training.

Who Should Attend? Programme Summary

The Ship Chartering, Laytime & Demurrage Masterclass training This EuroMaTech training course on Ship Chartering, Laytime course is highly recommended for new entrants to the shipping & Demurrage Masterclass aims to enable participants to gain industry, staff in liner shipping companies, chartering and vital and in-depth knowledge in this area covering all the major trading companies. It is particularly useful for staff involved in aspects and gives them valuable key insights into the different day to day shipping operations or administration such as: aspects of chartering contracts which is the backbone of the shipping industry and help participants to avoid risks that are »» Contract professionals/negotiators inherent in chartering contracts in a timely manner. »» Procurement personnel »» Chartering personnel The training course is designed to provide an intensive in- »» Legal advisors/personnel depth study of Chartering Contracts, Laytime and Demurrage. »» Freight Forwarders Participants will also have the opportunity to learn updates on »» Shipping Agents the recent developments in shipping law and practise affecting »» Marine Insurers chartering contracts by reviewing case studies and case law. »» Legal Advisors »» Finance

Programme Objectives

Middle East Office : Telephone : +971 4 4571 800 | Fax : +971 4 4571 801 | e-mail: [email protected] | www.euromatech.com ISO 9001:2015 Certified ISO 29990:2010 Certified

ISO 29990

PROGRAMME OUTLINE

Day 01 Day 04

Introduction to Ship Chartering, Defining Demurrage, Detention and Laytime & Demurrage Despatch

• The basic principles of chartering • The fundamental contract law relating to demurrage, • Different types of chartering: time, voyage and bareboat damages of detention, despatch and deadfreight • Understanding Ship owners and Chartererâ€™s roles, • How to determine the rate of demurrage in dry cargo and rights and obligations liquid cargo trades • Common Contract & Commercial terms of charter parties • The liability of charterers for demurrage • Examples of charter parties used in different trades • How to assess the termination of demurrage periods • Understanding shipping trade “jargon” • How to determine the rate of despatch in dry cargo trades • Understand what is laytime, demurrage and despatch • The responsibility of the charterer to load full and complete • Case Studies Reviewed cargo • Role play – Negotiating a Voyage Charter Party • The effect of deadfreight on demurrage • The content and rational of past cases of English Common Law Day 02 • How to estimate the demurrage/despatch earned • Practical differences in the despatch calculation Defining Laytime • Practical differences between normal, reversible and average laytime • Legal and operational issue: the laytime • All possibilities and remedies undertaken • The types of laytime Day 05 • The complications that may occur in the commencement of laytime Calculating Demurrage • What can be considered as an exception for laytime commencement • How to define laytime and demurrage • Review of recent Case law • How to perform demurrage calculation both for dry and wet charters • Consequence of incorrect choice of wording in drafting Day 03 charter party clauses regarding demurrage • The importance of diversified interpretation of terms Calculating Laytime agreed • The differentiation in claims resulting from such • How to interpret “Laytime Definitions 2013” and charter interpretation party clauses • Analysing charter party clauses and documents required • The commencement of laytime for calculations • How to assess the duration or laytime • The cessation of laytime • How to estimate the demurrage/despatch earned • How to recognize fundamental differences between dry In-House Training cargo and tanker laytime EuroMaTech is capable of conducting this training • How to make a laytime calculation of multiple charters • Reviewing and analysing case studies programme exclusively for your delegates. Please e-mail us on [email protected] for further information and/or to receive a comprehensive proposal.

Complete & Mail or fax to EuroMaTech at the address given below Please register me on the : £ 16 - 20 Apr 2018, Kuala Lumpur Ship Chartering, Laytime & Demurrage Masterclass: £ 12 - 16 Nov 2018, Bali (Indonesia) Resolution of Commercial & Legal Complexities

YOUR DETAILS

Name (Mr/Ms): ...... Position: Organisation: ...... Address: ...... City / Country: ...... Telephone / Fax: ...... METHOD OF PAYMENT

£ Please find enclosed a cheque made payable to EuroMaTech £ Please invoice me £ Please invoice my company as follows: Contact Name: ...... Company Name: ...... Address: ...... SEMINAR DETAILS

Documentation Hotel Accommodation High Quality material has been prepared by the Seminar Leader for EuroMaTech has negotiated special rates for a limited number of distribution to delegates. In addition a special note pad to facilitate note taking will be provided. rooms in the hotel. Early registration will help to secure a room at the reduced rate. Certificates A Certificate of Completion will be issued to those who attend & Registration & Payment successfully complete the programme. Please complete the registration form on this page & return it to us Schedule together with your cheque made payable to EuroMaTech. 07:30 – 08:30 Welcome 08:30 – 10:15 First Session For Further Information, Contact Your Nearest EuroMaTech Office: 10:15 – 10:30 Coffee Break 10:30 – 12:15 Second Session u.K. office 12:15 – 12:30 Coffee Break 12:30 – 14:00 Third Session 109 Mount Pleasant 14:00 – 15:00 Lunch Liverpool L3 5TF, United Kingdom 15:00 – 16:00 Open Session Telephone +44 151 709 7100 Fax +44 151 709 7181 Fees e-mail: [email protected] http://www.euromatech.com The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: middle east office P.O. Box 74693, Dubai, United Arab Emirates US$ 5,500/ = per delegate Telephone : +971 4 4571 800 Fax : +971 4 4571 801

*All Fees are subject to 5% Value Added Tax (VAT). e-mail: [email protected] http://www.euromatech.com

EASY WAYS TO REGISTER

Telephone: +971 4 4571800 to Fax your completed registration E-mail to us : [email protected] Complete & return the booking form with cheque to: provisionally reserve your place. form to: +971 4 4571801 or [email protected] EuroMaTech P.O.Box 74693, Dubai - U.A.E.

Cancellation Policy

Request for seminar cancellation must be made in writing & received at EuroMaTech three weeks prior to the seminar date. A U.S.$250/- processing fee will be charged per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due, although in such cases we would be happy to welcome a colleague who would substitute for you. Disclaimer

EuroMaTech reserves the right to alter the content, location of the Seminar, or the identity of the speakers in case of events beyond our control.

*VAT Announcement: The Government of UAE have introduced Value Added Tax (VAT) on goods and services from 01-January-2018. In compliance with the legislation issued by the UAE Government, we will be applying a 5% VAT on the fees for all our programs and services offered from January 2018 as applicable and stipulated in the FTA circulars.