Schedules Introduction Objectives Who Should Attend? Outline

Home / Ships & Port Management / Ship Chartering, Laytime & Demurrage Masterclass

Course Schedule

Classroom Sessions:

Date	Venue	Fees
30 Jun - 04 Jul 2025	Amsterdam - The Netherlands	$5,950
01 - 05 Sep 2025	Dubai - UAE	$5,950
27 - 31 Oct 2025	London - UK	$5,950
22 - 26 Dec 2025	Dubai - UAE	$5,950
30 Mar - 03 Apr 2026	Dubai - UAE	$5,950
29 Jun - 03 Jul 2026	Amsterdam - The Netherlands	$5,950
31 Aug - 04 Sep 2026	Dubai - UAE	$5,950
26 - 30 Oct 2026	London - UK	$5,950
21 - 25 Dec 2026	Dubai - UAE	$5,950

Online Sessions:

30 Mar - 03 Apr 2026	Online	$3,950
13 - 17 Apr 2026	Online	$3,950

Course Description

INTRODUCTION

Master the A to Z of Chartering Contracts, Laytime and Demurrage. The shipping adventure, sometimes called the carriage of goods by sea involves several stages from the loading voyage, with the vessel sailing in ballast to the loading port, the loading operation and then the carrying voyage until the unloading or discharging of the cargo. The shipowners and charterer roles and responsibilities in every stage and the inter-play between them and how it pans out during the course of a voyage will determine the success or failure of that voyage. It is important to understand contractual provisions in a charter party and negotiate the terms in order to avoid pitfalls in chartering of the ships and to provide for the calculating of laytime and demurrage which will invariably affect all the parties’ bottom line.

This 5-day GLOMACS Ship chartering, Laytime & Demurrage Masterclass will give participants a comprehensive understanding of the essential aspects of chartering. This training course will enable participants to better negotiate charter parties, have insight to make strategic decisions on chartering and to be at an advantage when negotiating chartering contracts. The knowledge and expertise gained from this workshop will enable the participants to return to work with many new strategies to apply in practice.

Objectives

Attendance on Ship Chartering, Laytime & Demurrage Masterclass helps participants to capitalize on the expert knowledge to gain maximum value on these vital issues:

Attain a comprehensive and in-depth knowledge of ship charter contracts
Recognise the differences between the many types of charter parties
Understand the jargon and abbreviations
Appreciate the rights and obligations of Charterers and Owners
Avoiding pitfalls in negotiating chartering contracts
Manage & mitigate the risks involved in chartering of vessels

WHO SHOULD ATTEND?

This GLOMACS Ship Chartering, Laytime & Demurrage Masterclass is highly recommended for new entrants to the shipping industry, staff in liner shipping companies, chartering, and trading companies. It is particularly useful for staff involved in day-to-day shipping operations or administration such as:

Contract Professionals / Negotiators
Procurement Personnel
Chartering Personnel
Legal Advisors / Personnel
Freight Forwarders
Shipping Agents
Marine Insurers
Legal Advisors
Finance

Course Outline

DAY 1

Introduction to Ship Chartering, Laytime & Demurrage

The basic principles of chartering
Different types of chartering: time, voyage and bareboat
Understanding ship owners and charterers roles, rights and obligations
Common contract & commercial terms of charter parties
Examples of charter parties used in different trades
Understanding shipping trade “jargon”
Understand what is laytime, demurrage and despatch

DAY 2

Defining Laytime

Legal and operational issue: the laytime
All possibilities and remedies undertaken
The types of laytime
The complications that may occur in the commencement of laytime
What can be considered as an exception for laytime commencement?

DAY 3

Calculating Laytime

How to interpret “Laytime Definitions 2013” and charter party 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?

DAY 4

Defining Demurrage, Detention and Despatch

The fundamental contract law relating to demurrage, damages of detention, despatch and deadfreight
How to determine the rate of demurrage in dry cargo and liquid cargo trades?
The liability of charterers for demurrage
How to assess the termination of demurrage periods?
How to determine the rate of despatch in dry cargo trades?
The responsibility of the charterer to load full and complete cargo
The effect of deadfreight on demurrage
The content and rational of past cases of English common law
How to estimate the demurrage / despatch earned?
Practical differences in the despatch calculation
Practical differences between normal, reversible and average laytime

DAY 5

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

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

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Options & Brochure

Related Categories

Ships & Port Management

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An Interactive 5-Day Training Course

Ship Chartering, Laytime &
Demurrage Masterclass

Resolution of Commercial & Legal Complexities