Laytime and demurrage

  • London, United Kingdom
  • 04 Sep 2019 3 days
  • Available seats 8
  • Payment: visa visa visa

Course price

BIMCO member GBP
Non-member GBP

Course programme

Masterclass overview

This masterclass covers general principles on laytime and demurrage for both dry and wet trades. The course focuses on the fundamental principles which underpin laytime and demurrage and how these principles can be changed quite dramatically by the wording of contractual terms. Laytime and demurrage disputes constitute a substantial proportion of the cases which are tried by arbitrators and courts in many countries and which result in substantial legal/other costs to the parties concerned. The course also includes practical examples of calculations through a case study. The masterclass will cover the following key topics:

  • introduction to laytime and demurrage
  • types of laytime 
  • commencement of laytime 
  • stoppages and termination of laytime
  • example of laytime calculation using statement of facts, timesheets, etc. 
  • overview of demurrage and dispatch  
  • averaged and reversible laytime 
  • damages for detention  
  • stoppage and termination of demurrage   
  • international sale contracts and demurrage payments 
  • commercial usage of laytime/demurrage in non-traditional ways 
  • time bar and other issues affecting claims for demurrage  
  • litigating or arbitrating demurrage claims – a comparison

Case studies and worked examples: choose from either tanker or dry cargo case study groups.

The masterclass ends with a final assessment (dry or tanker) where participants can test their understanding and gained knowledge.

Speakers

Baris Soyer

Baris Soyer

Richard Williams

Richard Williams

Organiser

Peter Storm

Peter Storm
 

Venue

  • DoubleTree by Hilton Hotel
  • Tower of London
  • 7 Pepys Street
  • EC3N 4AF London
  • United Kingdom
  • Phone: +44-207-7091000
  • Website: www.doubletreetoweroflondon.com

The fee includes coffee breaks, lunch and course materials, but not transport or accommodation, which should be arranged by the participant directly with the hotel.

Alternative dates & locations

  • Online, Online
  • 28 September, 2020 12 days
  • From EUR 1150
  • Available seats 0  
More info SOLD OUT

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Peter Grube

Peter Grube, Head of Training