Advanced Laytime and Demurrage Training for the Oil and Tanker Industries
11th - 12th October
Venue: The Chesterfield Mayfair Hotel
Price: £1200 per Delegate
10% Discount for 3 or more delegates
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THE IMPORTANCE OF THIS COURSE
Asdem has conducted extremely successful and well received workshop and case study sessions at Asdem's Tanker Demurrage Conferences. They have always received the highest approval rating from delegates with the only complaint being that there is never enough time to debate all the points raised by the thought-provoking case studies. Asdem’s most senior oil industry professionals who conduct this advanced level laytime and demurrage course, build on this approach and focus our advanced training courses on active learning through the use of workshop and case study sessions. Attending Asdem’s Advanced Laytime and Demurrage course is therefore not a just a spectator sport. Delegates do not learn much just by sitting in the class room listening to lecturers, considering pre-packaged case studies, and memorising the answers. Asdem’s "Active Learning" workshop and case study approach encourages delegates to actively learn how to problem solve, how to avoid expensive time-consuming conflicts and resolve issues commercially, talk about what they are learning interact with one another and relate it to the complex real-world issues they experience in their daily working lives as a laytime and demurrage operations or contracts executive.
We invite delegates to bring case studies, problems or demurrage dilemmas to our training sessions and encourage them to engage with the issues, analyse, participate and collaborate with each other to develop the skills to handle the most complex problems.
Delegates will receive a certificate in Advanced Laytime and Demurrage Training upon completion of the training course.
DESCRIPTION
This workshop examines, in detail, a number of key issues and complex problems that have been highlighted by recent court decisions as well as issues and dilemmas faced by the industry. This training will also include several case studies and a mock arbitration in which delegates participate and present their position. This course will also involve full participation by delegates who can bring with them any current issues/problems they would like to review.
In demurrage negotiations, the person with the greatest knowledge and experience will inevitably be best placed to find opportunities for saving money.
The two days allows enough time to cover a range of contentious demurrage claims providing delegates with an in-depth awareness of the many aspects of this important subject. The programme is specifically designed for demurrage analysts, claims handlers and lawyers who already have a good level of experience which they are looking to build on and may have previously attended Asdem's laytime and demurrage training seminars and conferences.
A comprehensive advanced level manual is provided with this course which is designed as a training guide, a reference book and as an advanced guide to fundamental oil industry laytime and demurrage and will serve as a very useful and practical future reference for all delegates attending this training.
We have arranged an informal drinks reception at the end of the first day which will provide a further opportunity for establishing useful business contacts among the delegates.
The workshop will be limited to a maximum of twenty-one delegates.
SPEAKERS
Andrew Wilding, Managing Director, Asdem. Click here to view Speaker Profile.
Please click here to view the complete information for this training.
PROGRAMME
- Introduction to laytime and demurrage - the relevance of laytime/demurrage and why the laytime and demurrage provisions are of central importance - the loss of time and the division of the risk of loss of time.
- The charterparty/oil sale and purchase contract terms - the process of negotiation in the oil industry contracts for the sale of oil – terms agreed by traders' contracts for the carriage of oil – terms agreed by charterers terms agreed by contracts, operators and laytime and demurrage executives.
- The framework of a voyage charter - obligations arising under a voyage charterparty, ship owners’ obligations, the charterers’ obligations, areas of general responsibility the charterers various options.
- A summary of the basic principles of laytime and the overall structure of laytime and demurrage provisions.
- The life of a voyage and the advanced analysis of laytime and demurrage the elements of the voyage charter party and its performance.
- The approach voyage - "expected ready to load" dates - eta's – cancellation intermediate charters and charters performed before arrival at the load port. Voyage charteparty laycan narrowing notices.
- Arrival, tendering notice of readiness the commencement of laytime and the loading operation. The three requirements for the commencement of laytime.
- Charterparty provisions shifting risk of delay in waiting due to congestion.
- Readiness and seaworthiness latent defects cleaning of tanks, eligibility (and vetting including compliance and documentation) certificates of compliance, Free Pratique customs and immigration clearances formalities, gas free certificate.
- The notice of readiness and its form of notice of readiness defective notice of readiness.
- Laytime and demurrage in international commercial sales contracts - FOB, CIF, CFR and DES/DAP contracts and incoterms 2010, outturn contracts, hybrid contracts - CIF delivered - CIF without guaranteed loading dates - CIF delivered watering down provisions - FOB plus freight.
- Delivery dates in oil industry sale and purchase contracts, nominations under sales contracts, commencement of laytime in sales contracts, arrival dates clauses in sales and purchase contracts, dealing with early or late arrival of vessels.
- Interpreting laytime and demurrage clauses in sale contracts, laytime and delivery date range (DDR), effect of sale contract provisions on laytime and demurrage.
- Pro rating time between different owners of part of the cargo, pro rating laytime and demurrage according to the contract terms.
- Choosing the oil voyage charterparty.
- Recent developments in the law of time bars - time bars documentation requirements and the futility principle.
- General principles regarding exceptions to laytime and demurrage, the general rules for understanding exceptions clauses in oil industry contracts - weather clauses, general exception clauses, force majeure, ship owners’ or vessel’s fault, equipment breakdowns - the proper approach to interpretation.
- Causation - the burden of proving the facts, covering the consequences.
- Demurrage and damages for detention, the principles, the circumstances in which a claim for damages for detention may arise in a charter party?
- The fault principle and damages for the detention of a vessel liquidated damages as a limitation on liability liquidated damages as the only remedy, the right to damages other than demurrage.
- Owners’ use of charterers’ time, the rule in Budgett v. Binnington, ballasting – the rule in Houlder v. Weir – should the ship be waiting at the port/berth for time to count? The Shackleford – shifting, The Union Amsterdam – grounding due to negligence of the master, The Lefthero – delays in arriving at the discharge port, The Stolt Spur – the running of time under multiple charters.
COST and VENUE
The fee for this intensive 2-day training, which will be held at the Chesterfield Mayfair Hotel in London, is £1,200.00 plus VAT at 20%*.
The fee includes all documentation, refreshments, and lunches. Please inform us if you have any special dietary requirements. This fee does not, however, include accommodation. If you require accommodation, please contact the Chesterfield Mayfair Hotel on +44 20 7491 2622 for reservations
The Chesterfield Mayfair Hotel is located at 35 Charles Street, Mayfair, London W1J 5EB (+44 20 7491 2622). A location map for the Chesterfield Mayfair hotel can be viewed by clicking here.
*Under current Excise regulations only delegates from companies based in the UK are required to pay VAT on conferences and seminars held in the U.K.
