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Course Schedule
Classroom Sessions:
DateVenueFees
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

  • Quality Logo

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

PetroKnowledge

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

Visit website

Oxford Management Centre

Oxford Management Centre

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

Visit website

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Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

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