Ship Chartering, Laytime & Demurrage Masterclass
25-JUL-19
An Intensive 5-Day Training Seminar On Ship Chartering, Laytime & Demurrage Masterclass
Resolution of Commercial & Legal Complexities
16 - 20 Sep 2019, Bali 08 - 12 Dec 2019, Dubai 13 - 17 Apr 2020, Kuala Lumpur 14 - 18 Sep 2020, Bali 06 - 10 Dec 2020, Dubai
An ISO 9001:2015 www.euromatech.com and ISO 29990:2010 Certifi ed Company Ship Chartering, Laytime & Demurrage Masterclass
Resolution of Commercial & Legal Complexities
INTRODUCTION PROGRAMME OBJECTIVES
Master the A to Z of Chartering Contracts, Laytime and Attendance on EuroMaTech’s Ship Chartering, Laytime Demurrage. The shipping adventure, sometimes called & Demurrage Masterclass training course helps the carriage of goods by sea involves several stages from participants to capitalize on the expert knowledge to the loading voyage, with the vessel sailing in ballast to the gain maximum value on these vital issues: loading port, the loading operation and then the carrying voyage until the unloading or discharging of the cargo. • Attain a comprehensive and in-depth knowledge of ship charter contracts The shipowners and charterer roles and responsibilities • Recognise the differences between the many type of in every stage and the inter-play between them and how charter parties 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 • Appreciate the rights and obligations of Charterers understand contractual provisions in a charter party and and Owners negotiate the terms in order to avoid pitfalls in chartering • Avoiding pitfalls in negotiating chartering contracts of the ships and to provide for the calculating of laytime • Manage & Mitigate the risks involved in chartering of and demurrage which will invariably affect all the parties’ vessels bottom line. TRAINING METHODOLOGY This 5-day Ship chartering, Laytime & Demurrage Masterclass workshop will give participants a The Ship Chartering, Laytime & Demurrage Masterclass comprehensive understanding of the essential aspects of training course will combine presentations with instructor- chartering. This EuroMaTech training course will enable guided interactive discussions between participants participants to better negotiate charter parties, have relating to their individual workplace. Practical exercises, insight to make strategic decisions on chartering and to video material and case studies aiming at stimulating be at an advantage when negotiating chartering contracts. these discussions and providing maximum benefit to the The knowledge and expertise gained from this workshop participants will support the training. will enable the participants to return to work with many new strategies to apply in practice. PROGRAMME SUMMARY This EuroMaTech training course on Ship Chartering, Laytime
WHO SHOULD ATTEND? & Demurrage Masterclass aims to enable participants to gain vital and in-depth knowledge in this area covering all The Ship Chartering, Laytime & Demurrage Masterclass the major aspects and gives them valuable key insights into training course is highly recommended for new entrants the different aspects of chartering contracts which is the to the shipping industry, staff in liner shipping companies, backbone of the shipping industry and help participants chartering and trading companies. It is particularly useful to avoid risks that are inherent in chartering contracts in a for staff involved in day to day shipping operations or timely manner. administration such as: The training course is designed to provide an intensive • Contract Professionals / Negotiators in-depth study of Chartering Contracts, Laytime and • Procurement Personnel Demurrage. Participants will also have the opportunity to • Chartering Personnel learn updates on the recent developments in shipping law • Legal Advisors / Personnel and practise affecting chartering contracts by reviewing • Freight Forwarders case studies and case law. • Shipping Agents • Marine Insurers • Legal Advisors • Finance IN-HOUSE TRAINING
EuroMaTech is capable of conducting this training programme exclusively for your delegates. Please e-mail us on [email protected] for further information and/or to receive a comprehensive proposal.
www.euromatech.com PROGRAM OUTLINE
DAY 01 DAY 04 Introduction to Ship Chartering, Laytime Defining Demurrage, Detention and & Demurrage Despatch
• The basic principles of chartering • The fundamental contract law relating to demurrage, • Different types of chartering: time, voyage and damages of detention, despatch and deadfreight bareboat • How to determine the rate of demurrage in dry • Understanding Ship owners and Charterers roles, cargo and liquid cargo trades rights and obligations • The liability of charterers for demurrage • Common Contract & Commercial terms of charter • How to assess the termination of demurrage periods parties • How to determine the rate of despatch in dry cargo • Examples of charter parties used in different trades trades • Understanding shipping trade “jargon” • The responsibility of the charterer to load full and • Understand what is laytime, demurrage and complete cargo despatch • The effect of deadfreight on demurrage • Case Studies Reviewed • The content and rational of past cases of English • Role play – Negotiating a Voyage Charter Party Common Law • How to estimate the demurrage / despatch earned DAY 02 • Practical differences in the despatch calculation • Practical differences between normal, reversible and Defining Laytime average laytime
• Legal and operational issue: the laytime DAY 05 • All possibilities and remedies undertaken • The types of laytime Calculating Demurrage • The complications that may occur in the commencement of laytime • How to define laytime and demurrage • What can be considered as an exception for laytime • How to perform demurrage calculation both for dry commencement and wet charters • Review of recent Case law • Consequence of incorrect choice of wording in drafting charter party clauses regarding demurrage DAY 03 • The importance of diversified interpretation of terms agreed Calculating Laytime • The differentiation in claims resulting from such interpretation • How to interpret “Laytime Definitions 2013” and • Analysing charter party clauses and documents charter party clauses required for calculations • The commencement of laytime • 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 cargo and tanker laytime • How to make a laytime calculation of multiple charters • Reviewing and analysing case studies
QUALITY CERTIFICATIONS & ACCREDITATIONS
EuroMaTech is proud to be associated with the following accreditation bodies:
MEMBER
The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
Ship Chartering, Laytime & Demurrage Masterclass Ship Chartering, Laytime & Demurrage Masterclass
Resolution of Commercial & Legal Complexities
4 Date Venue Fee($) 16 - 20 Sep 2019 Bali US$5,950 08 - 12 Dec 2019 Dubai US$4,950 13 - 17 Apr 2020 Kuala Lumpur US$5,950 14 - 18 Sep 2020 Bali US$5,950 06 - 10 Dec 2020 Dubai US$4,950
This fee is inclusive of instruction materials, documentation, lunch, coffee/tea breaks & snack. All Fees are subject to 5% Value Added Tax (VAT).*
Your Details
Name (Mr/Ms):...... Position:...... Organisation:...... Address:...... City / Country: ...... Telephone / Fax: ......
Mode 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:......
Documentation Contact Us: High Quality material has been prepared by the Seminar Leader for distribution to delegates. In addition, a special note pad to facilitate note taking will be provided. U.K. Office: Certificates 109 Mount Pleasant A Certificate of Completion will be issued to those who attend & successfully complete the programme. Liverpool L3 5TF, United Kingdom Telephone: +44 151 709 7100 Schedule Our Course timings commences at 08:30 and concludes at 14:00, followed by lunch on a daily basis. Fax: +44 151 709 7181
Hotel Accommodation Middle East Office: EuroMaTech has negotiated special rates for a limited number of rooms in the hotel. Early registration P.O. Box 74693 will help to secure a room at the reduced rate. Dubai, United Arab Emirates Registration & Payment Telephone: +971 4 4571 800 Please complete the registration form on this page & return it to us indicating your preferred mode of Fax: +971 4 4571 801 payment. For Further Information, Contact Your Nearest EuroMaTech Office. Email Address: Cancellation Policy Request for seminar cancellation must be made in writing & received at EuroMaTech three weeks prior [email protected] 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 Website: happy to welcome a colleague who would substitute for you. www.euromatech.com 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.