Towage and Salvage Masterclass Online

Towage & Salvage Online
  • 02 Nov 2020 12 days
  • Available seats 9
  • Payment: visa visa visa visa

Course price

BIMCO member From EUR 1150
Non-member From EUR 1550

Discounts

10% group discount is available for registering 3 or more participants from the same company.

Overview

Towage & Salvage Masterclass Online is a series of 10 online sessions highlighting the wide range of ocean towage and salvage agreements provided by BIMCO. This course focusses on practical solutions and ways for the parties to allocate risks and obligations.

What will you learn?

Some of the topics the course will cover are:

  • General introduction to TOWCON 2008/TOWHIRE 2008
  • BARGEHIRE 94/2008 and BARECON
  • Overview of the most used contracts in the salvage industry: SALVCON 2005, SALVHIRE 2005, WRECKHIRE 2010, WRECKSTAGE 2010, WRECKFIXED 2010
  • Knock-for-knock and general issues of insurance
  • Principles of contract law and their relevance to towage and salvage contracts

Dates and topics of Laytime & Demurrage Masterclass Online 

Session

Date

Topic

Speaker

Session 1
(60 min)
Monday,
2 November
Principles of contract law and their relevance to towage and salvage contracts Tony Concagh
Session 2
(60 min)
Tuesday, 
3 November
Knock-for-knock and general issues of insurance Tom Adams
Session 3
(60 min)
Wednesday,
4 November
General introduction to TOWCON 2008/TOWHIRE 2008/SUPPLYTIME  Tony Concagh
Session 4
(60 min)
Thursday,
5 November
Practical operational issues: COVID-19, Ice, Liens, defaults, and securing/structuring payment under TOWCON and TOWHIRE Simon Tatham
Session 5
(60 min)
Friday,
6 November
Completing and making amendments to TOWCON 2008 and TOWHIRE 2008 SUPPLYTIME. Advice. Lessons learned over the years - and pitfalls Simon Tatham
Session 6
(60 min)
Monday,
9 November
The law of salvage and international conventions regulating salvage and wreck removal. Ports of Refuge S Simon Tatham
Session 7
(60 min)
Tuesday,
10 November
Overview of the most used contracts in the salvage industry: SALVCON 2005, SALVHIRE 2005, WRECKHIRE 2010, WRECKSTAGE 2010, WRECKFIXED 2010 Simon Tatham
Session 8
(60 min)
Wednesday,
11 November
LOF 2020. Where does TOWCON/TOWHIRE/SALVCON fit in? Simon Tatham
Session 9
(60 min)
Thursday,
12 November
When towage becomes salvage – the undefined crossover, including briefing on case study for session 10. Simon Tatham
Session 10
(90 min)
Friday, 
13 November
Case study and Q&A, bringing all sessions together Tony Concagh & Simon Tatham

Starting time (for all sessions)

09:00 London (GMT)
10:00 Copenhagen (CET)
11:00 Athens (EET)
13:00 Dubai (GST)
17:00 Hong Kong/Singapore (HKT/SGT)
18:00 Tokyo (JST)
20:00 Sydney (AEST)

Course programme

Why choose to participate?

Working jointly with participants from the towage and salvage industry, BIMCO has created a range of practical, flexible contracts, used world-wide for ocean towage and salvage. This is an opportunity to learn from BIMCO how the contracts continue to develop and are being used for multiple purposes. This is combined with hand-picked industry experts who have built a career out of solving disputes involving towage and salvage.

The combination of theory, discussion and casework will make the complexity of ocean towage and salvage clear and manageable. The trainers will share valuable experiences and point participants towards practical solutions that can be used on the job. The course will also facilitate networking between international shipping peers and enable long-term relationships between the participants.

The Masterclass is aimed at all practitioners involved in ocean towage and salvage, who wish to boost their expert knowledge and become proficient in understanding how the contracts work, also when used for other purposes than originally intended.

How will this course help your professional development?

The course will equip you with a much deeper understanding of the fundamental challenges related to ocean towage and salvage. It will provide you with a balanced understanding of the relevant legal principles and practises. The course will help you identify the potential challenges in advance and enable you to ask the right questions to the parties involved. This will help you to understand and explain your own risks and exposure and allow you to discuss issues surrounding allocation of risks and the legal relationships with your customers, superiors, P&I club or legal counsel.

Course certification

Participants will be given an option of taking a final assessment (one-hour open-book test) at the end of the course, and Certificate of Achievement will be issued with a grade (distinction, merit or pass). Those not taking the assessment will receive a Certificate of Attendance.

Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided once the registration is completed. 

Speakers

Simon Tatham

Simon Tatham

Tony Concagh

Tony Concagh

Tom Adams

Tom Adams

Organiser

Peter Grube

 

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Need more information?

Peter Grube

Peter Grube, Head of Training