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:
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.
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.