COURSE OVERVIEW:

Ship Chartering, Laytime and Demurrage Masterclass is a strategic commercial program designed to navigate the complexities of maritime contracts and voyage economics. This course examines the legal and financial frameworks of Voyage, Time, and Bareboat charters, focusing on the allocation of risk and responsibility between "Owners" and "Charterers." It provides a technical analysis of how time is measured and monetized in the global shipping industry.

The scope of this training involves the mastery of "Charter Party" (CP) clauses, including Gencon, Asbatankvoy, and NYPE forms. Participants will explore the mechanics of "Laytime" calculation, differentiating between "Working Days," "Weather Permitting," and "SHINC/SHEX" terms. The program emphasizes the role of "Notice of Readiness" (NOR) and the precise moment when the "Clock Starts" for demurrage claims.

Coverage includes the legalities of "Deadfreight," "Despatch," and the resolution of maritime disputes through arbitration. The course addresses the nuances of "Lien" on cargo, "Off-hire" periods in time charters, and the financial impact of port delays. By focusing on both contract law and practical arithmetic, this course equips commercial maritime professionals with the expertise needed to maximize profitability and minimize costly legal exposure.

COURSE OBJECTIVES:

After completion of this course, the participants will be able to:

1. Define the primary types of Ship Chartering agreements.
2. Draft and interpret key "Charter Party" (CP) clauses accurately.
3. Analyze the rights and obligations of "Owners" and "Charterers."
4. Execute complex "Laytime" calculations for various cargo types.
5. Determine the validity of a "Notice of Readiness" (NOR).
6. Manage "Demurrage" and "Despatch" claims and counter-claims.
7. Identify "Exceptions" to laytime including weather and strikes.
8. Calculate "Deadfreight" and its impact on voyage revenue.
9. Evaluate "Off-hire" events in Time Charter operations.
10. Navigate the "Lien" process for unpaid freight or demurrage.
11. Apply "Maritime Law" principles to contract disputes.
12. Utilize "Arbitration" and "Mediation" for claim resolution.
13. Lead the "Commercial Operations" team in voyage optimization.

TARGET AUDIENCE:  

Chartering Managers, Shipbrokers, Claims Handlers, Voyage Operations Staff, and Maritime Lawyers.

TRAINING COURSE METHODOLOGY:

A highly interactive combination of lectures, discussion sessions, and case studies will be employed to maximise the transfer of information, knowledge, and experience. The course will be intensive, practical, and highly interactive. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. The attendants will also be encouraged to raise more of their questions and to share in developing the right answers using their analysis and experience. There will also be some indoor experiential activities to enhance the learning experience. Course material will be provided in PowerPoint, with necessary animations, learning videos, and general discussions.

The course participants shall be evaluated before, during, and at the end of the course.

COURSE CERTIFICATE:

National Consultant Centre for Training LLC (NCC) will issue an Attendance Certificate to all participants completing a minimum of 80% of the total attendance time requirement.