Laytime and Demurrage

Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime & demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course will discuss the calculation and exceptions of laytime, despatch, and the role played by damages for detention. Breach of pumping and/or temperature warranties and pumping warranty claims will be examined. The course will also look at the possible revisions of contract clauses that either party can negotiate for improved clarity and increased advantage. Through real-life case studies, practical exercises, and an interactive mock dispute, our expert course facilitator will share the ways to reduce a charterer’s potential exposure to demurrage claims, and to increase collection of demurrage for shipowners through tighter drafting and effective use of the lien on cargo and other legal remedies.