Laytime and Demurrage of Voyage Chartering of Tankers training course in London

Available Dates

Nov-25-2024

London
Dec-02-2024

London
Dec-30-2024

London
Jan-06-2025

London
Feb-03-2025

London
Feb-24-2025

London
Apr-07-2025

London
May-05-2025

London
June-02-2025

London
June-30-2025

London
July-07-2025

London
Aug-04-2025

London
Sep-01-2025

London
Sep-29-2025

London
Oct-06-2025

London
Nov-03-2025

London
Dec-01-2025

London
Dec-29-2025

London

Dates in Other Venues

Nov-25-2024

Hamburg
Nov-25-2024

Athens
Dec-09-2024

Dubai
Dec-16-2024

Istanbul
Dec-16-2024

Rotterdam
Jan-13-2025

Dubai
Jan-20-2025

Istanbul
Jan-20-2025

Rotterdam
Jan-27-2025

Athens
Jan-27-2025

Hamburg
Feb-10-2025

Dubai
Feb-17-2025

Rotterdam
Feb-17-2025

Istanbul
Feb-24-2025

Hamburg
Feb-24-2025

Athens
Mar-10-2025

Dubai
Mar-17-2025

Istanbul
Mar-17-2025

Rotterdam
Mar-24-2025

Hamburg
Mar-24-2025

Athens
Apr-14-2025

Dubai
Apr-21-2025

Istanbul
Apr-21-2025

Rotterdam
Apr-28-2025

Hamburg
Apr-28-2025

Athens
May-12-2025

Dubai
May-19-2025

Istanbul
May-19-2025

Rotterdam
May-26-2025

Athens
May-26-2025

Hamburg
June-09-2025

Dubai
June-16-2025

Rotterdam
June-16-2025

Istanbul
June-23-2025

Hamburg
June-23-2025

Athens
July-14-2025

Dubai
July-21-2025

Rotterdam
July-21-2025

Istanbul
July-28-2025

Hamburg
July-28-2025

Athens
Aug-11-2025

Dubai
Aug-18-2025

Rotterdam
Aug-18-2025

Istanbul
Aug-25-2025

Athens
Aug-25-2025

Hamburg
Sep-08-2025

Dubai
Sep-15-2025

Istanbul
Sep-15-2025

Rotterdam
Sep-22-2025

Hamburg
Sep-22-2025

Athens
Oct-13-2025

Dubai
Oct-20-2025

Rotterdam
Oct-20-2025

Istanbul
Oct-27-2025

Athens
Oct-27-2025

Hamburg
Nov-10-2025

Dubai
Nov-17-2025

Rotterdam
Nov-17-2025

Istanbul
Nov-24-2025

Hamburg
Nov-24-2025

Athens
Dec-08-2025

Dubai
Dec-15-2025

Rotterdam
Dec-15-2025

Istanbul
Dec-22-2025

Hamburg
Dec-22-2025

Athens

Course Details

For those in the business of shipping, delays can be costly. It is common practice for shipowners to charter vessels in return for freight. When calculating freight, shipowners take into consideration the period of the charter. Therefore, where a shipowner has calculated freight based on the time for which the vessel will be in the charterer's possession and the charterer is then delayed, the owner will lose profit. However, the law provides the shipowner with a possible remedy.

'Laytime' and 'demurrage' are important terms in a charterparty and carry significant financial implications:

'laytime' refers to the time allowed in a voyage charter for cargo to be loaded on to or unloaded from a vessel; and
'demurrage' is incurred after the permitted laytime is spent.

Both terms involve the time allocated for a vessel to be loaded or unloaded and the penalty incurred where the vessel has been unjustly delayed. In order to protect the shipowner from suffering loss, charterparties usually provide for compensation if the charterer is delayed.

Introduction to Laytime
Introduction to Demurrage and Despatch
Shipowners’ and charterers’ duties
When does the clock start to tick?
Safe ports and berths and anchorages
Arrived ship, Notices of Readiness
Statements of Facts
Notes of Protest
Charter party clauses
Time bars

Ship owners and managers
Charterers including Importers, Exporters and Traders
Shipbrokers
Port and ship agents
P&I personnel
Logistics and shipping professionals
Legal advisers, solicitors and barristers
Government bodies and representatives

Our courses in London take place at the following locations :

London Premier Oxford Street Offices: 25 N Row, London W1K 6DJ

Once you register for this course, we will subsequently send the invoice and course information, including location, trainer, and other logistics.

Pay Attention, Please! The course location is subject to availability; the course time will be precise one week before the course start date! We may change the course location if there is no availability, and we will let you know about the location change once it happens.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

Introduction to laytime and demurrage

allocation of risk for delay between owners and charterers
lack of regulatory interference
Meaning of laytime
Meaning of demurrage
demurrage and dispatch
BIMCO Laytime Definitions
Types of laytime
Averaged and reversible laytime

Laytime calculation

How to interpret "Laytime Definitions 2013" and charterparty clauses
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

Demurrage, dispatch, stoppage and termination of demurrage

Axception clauses
Why laytime exceptions do not automatically
Apply to demurrage
When does demurrage stop running?
What remedy is there if demurrage does not apply?
Axamples of cases of damages for detention.

Calculating Demurrage

How to define laytime and demurrage
How to perform demurrage calculation both for dry and wet charters
Consequence of incorrect choice of wording in drafting charter party clauses regarding demurrage
The importance of diversified interpretation of terms agreed
The differentiation in claims resulting from such interpretation
Analysing charter party clauses and documents required for calculations

Laytime, Demurrage and Despatch in Practice

Wet/dry cargo laytime and demurrage time calculations
Analysing charter party clauses and documents required for calculations
Dispute resolution procedures and arbitration
Understanding an arbitration award
Laytime and demurrage in chartering practice

Laytime and Demurrage of Voyage Chartering of Tankers

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Laytime and Demurrage of Voyage Chartering of Tankers

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