Ship Chartering, Laytime &
Demurrage Masterclass

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