Time Charters Masterclass Online

  • Online, 13:00 UTC
  • 05 Feb 2024 5 days
  • Available seats -2
  • Payment: visa visa visa visa

Course price

BIMCO member EUR 1320
Non-member EUR 1750


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


Time Charters Masterclass Online is a series of 10 online sessions delivered over 5 days. Each day will run for 120 minutes with a short break in between and will cover essential time chartering issues.

What will you learn?

Time charters is a complex business. The shipowners give the time charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire.

Under time charter, shipowners rely heavily on the financial standing of the charterers both in relation to the payment of hire and in relation to the indemnity, which the charterers have promised should the shipowners suffer any costs, damage, losses or liability as a result of carrying out the charterers’ orders. Similarly, the charterers rely heavily on the shipowners’ ability to provide them with the agreed service throughout the charter period as they will be entering into sub-contracts with third parties in reliance on such ability.

The aim of this course is to highlight the various problem areas and to consider ways in which parties attempt to allocate risk and so provide you with a balanced understanding of the relevant legal principles and practice.

Dates and Topics

 Day  Session  Topic Speaker
5 February 

The inter-relationship between contracts

• Overview of the inter-relationship between the contract of sale, the charter party, the bill of lading and the insurance certificate

Mike Phillips

 Time charter duration and payment of hire

• What is an illegitimate last voyage?
• Who bears the risk of delay?
• The effect of “last voyage” and “without guarantee” clauses
• When is the hire due?
• What deductions are allowed?
• The importance of paying hire in full and in advance
• The right to withdraw the ship from the charterer’s service


Tuesday 6 February 

3 Off-hire clauses

• General principles
• The difference between “period” and “time lost”
• The effect of specific provisions
• The effect of adding “whatsoever”
Baris Soyer

The duty to comply with legitimate employment orders

• What constitutes a valid employment order? (Conflicting requirements!)
• Employment versus navigation/seamanship
• Unsafe ports/cargoes
• “Liberty” clause
• Orders, which the Master has a duty to refuse – (or may refuse!)
• Terms manifestly inconsistent with the charter

Wednesday 7 February 5 Performance claims

• Remedies available to the charterer in cases where the vessel under-performs
• The effect of tolerances
• “without guarantee”
• “good weather”
• Damages for deficient performance
• Proving a loss?
• Off-hire as a remedy for under-performance
• Slow steaming
 Mike Phillips
6  The operational costs for which the charterers are responsible

• For which charter operations and expenses are the charterers responsible?
• The differences between a voyage charter and a time charter in relation to such responsibility
• Bunkers and the impact of IMO2020
• The loading, stowage, discharge etc., of the carg
• Who is responsible for these operations?
• The effect of amended clauses
• The effect of the NYPE Inter-Club Agreement
Thursday 8 February 7  The duty to provide bills of lading and LOIs

• The importance to the charterer of obtaining bills of lading
• Who has the right to determine the form of the bill of lading?
• Time charter employment orders that conflict with the bill of lading.
• Examples of unenforceable LOIs
 Mike Phillips
8  The duty to provide a seaworthy ship and to care for the cargo

• What is unseaworthiness?
• The nature of the shipowner’s duty
•The effect of the Hague/Hague-Visby Rules on these duties
• The employment clause
•“Implied indemnities”
 Baris Soyer

Friday 9 February

9  The duty not to ship dangerous goods and trade between safe ports

• What is “dangerous”?
• What is the nature of the duty?
• Is the charterer entitled to limit its liability?
• What is a safe port?
• When is a port to be safe?
• What is the charterer’s obligation if a safe port becomes unsafe?
 Baris Soyer
10  Liens

• Types of Liens
• Practical challenges in enforcing Liens
• Lien clauses - how do they work?
• Alternative remedies (direct demand of freight from charterer)

Starting time (for sessions on 5-9 February 2024):

13:00 UTC
14:00 CEST

See the time in your local time zone.

What do participants say about the course? 

The choice of the trainer was spot on to turn a quite dry material into a very accessible course. The training was focused on some of the greater "pain" factors in the industry and was very practical. Highly recommendable.” (Time Charters Masterclass participant, Sept 2020)

The course has made me think differently about issues and disputes I currently face. (Time Charters Masterclass participant, Sept 2020)

How will this course help your professional development?

This course will assist you in identifying the potential challenges in advance and enable you to ask the right questions to the parties involved, thereby helping you to understand and explain your own risks and exposures.

After the course, you will have a have a much deeper understanding of the fundamental functions of charter parties and how they fit into commercial shipping operations. You will be able to discuss legal issues with your superiors, P&I clubs or legal counsels.

This course is targeted for shipping professionals who are relatively new to commercial shipping or those working in shipping operation, chartering or law, who require refreshers on TC.

Course certification

Participants will be given an option of taking a final assessment (1-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.

You will also receive access to BIMCO's eLearning modules on "Time Chartering" and "NYPE 2015: Key changes and features".


Mike Phillips

Mike Phillips

Baris Soyer

Baris Soyer


Peter Grube

Peter Grube

Ayako Odashima


Follow BIMCO


Need more information?

Peter Grube

Peter Grube, Head of Training