Tanker Charter Parties, Laytime & Demurrage

Overview

This intensive, specially combined two-day course provides you with the tools and covers the topics that will help you to increase your understanding of charter parties, laytime and demurrage. It also gives you an examination of both charter party and contract demurrage with an explanation of problem areas.

Laytime remains one of the most disputed areas of Charter Party operation and solutions to laytime problems are usually practical in nature. The purpose of this session is to show how such problems arise and how compromise is usually the best way. A practical view is given in the solving and case handling of Charter Party disputes.

Who is this course for?

The course is aimed to those who handle demurrage claims on the day-to-day basis and to:

• Traders, commercial, operational and financial personnel from trading, ship-owning & operating companies

• Personnel from banks & financial institutions, accountants and law firms

YOU WILL LEARN HOW TO:

• Calculate the laytime and demurrage and charter hire under various types of charters, and the mechanics of an arbitration
• Avoid costly disputes and save substantial amounts of money

Upon the completion of the course you will be issued International Business House Certificate. 

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