Laytime & Demurrage
Laytime & Demurrage
Laytime & Demurrage
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