Laytime & Demurrage

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Laytime & Demurrage Masterclass Time: 28 29 May 2012 Venue: JW Marriott, Kuala Lumpur, Malaysia Organizer: UNI Strategic

c Singapore

Course Outline: Day 1 Charter parties responsibilities of owners and charterers Demurrage general principles, rate, terms & conditions, time bars Laytime allowance Laytime calculations Considerations for wet & dry cargo Protective clauses, warranties, potential discrepancies Laycan Notice of Readiness Detention Despatch Weather delays; nighttime restrictions; strikes; Force Majeure

Day 2 Ways to limit liability and maximize collection Exceptions to demurrage Time Bar Exceptions Charter Party / Sales Contracts Demurrage as a Profit Center Maximize Demurrage to Freight Ratios Handling Claims Dispute Resolution

Case Studies Exercises Mock Arbitration (?)

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