The First Athens Tanker Owners Laytime and Demurrage Forum

8th November

Venue: Hotel Athenaeum Intercontinental

Price: £700 / US $850 per Delegate

10% Discount for 3 or more delegates

THE IMPORTANCE OF THIS EVENT

“The Demurrage Industry must change” is a refrain we are constantly hearing from tanker owners. This is largely because the 90 Day time bar period is regularly used as a period of 3 months “free” credit for charterers and traders or as an excuse not to respond or look at a demurrage claim until 90 days has expired. On the other hand, given the amount of documentation and the corresponding complexity of modern demurrage claims analysis, charterers and traders who are responsible for paying need time to review, negotiate and process the payment – when is demurrage due and how long time should be allowed to analyse a claim?

How things must change and listening to Owners point of view on their issues with recovery of demurrage claims will play a big part in our upcoming Tanker Owners Laytime and Demurrage Forum in Athens on 8 November. Should you wish to attend this 1 day event and be part of this important discussion please click here

FORUM OVERVIEW

Asdem is delighted to announce its first Athens Tanker Owners Forum.

This one-day forum is focused on providing an important opportunity for tanker owners and anyone responsible for demurrage claims or the operation or negotiation of tanker charterparty contracts to review the latest the latest developments in the law relating to operations and the recovery of demurrage, common demurrage dilemmas – demurrage rates and hotel bunkers, common misconceptions over interim port clauses and the ongoing debate over time bar clauses.

Guaranteed to provoke discussion and improve practical understanding, a panel of industry experts will share their knowledge and experience. Asdem events involve active audience participation so this event will include a workshop with practical case studies covering the contentious issues which are likely to arise.

FORUM PROGRAM

THE MODERN DEMURRAGE CLAIMS ENVIRONMENT

Optimising the form and terms of the modern oil and gas tanker voyage charterparties in use. How to deal with the frustration of recovering demurrage claims from difficult charterers and effective commercial strategies available to deal with such counterparties.

1. Strategies and charterparty terms that owners can use to eliminate delaying tactics: How to deal with charterers who repeatedly fail to acknowledge receipt of or respond to a claim until several months have elapsed.
2. Tools for dealing quickly and effectively with charterers who take unsustainable positions: Even when a claim is acknowledged discussion is often deliberately protracted and drawn out with counterparties asserting legally unsustainable positions. This leads to entrenched stalemates and inevitable requests for unjustified discounts for a quick settlement.
3. Firm but amicable approaches for dealing with claims that are agreed or undisputed but payment is nevertheless delayed for considerable periods with the potential breakdown in commercial relationships.

DOES BPVOY5 STRIKE A FAIR BALANCE BETWEEN THE COMMERCIAL INTERESTS OF OWNERS AND CHARTERERS?

Many of the major charterers would say "YES!"

The extensive body of amendments suggested to owners by well-known industry bodies suggests the answer is an emphatic "NO!".

What amendments should owners consider to BPVOY 5 and why?

DEMURRAGE DILEMMAS – DEMURRAGE RATES and HOTEL BUNKERS, INTERIM PORT CLAUSES, TIME BARS – the ongoing debate.

COST AND VENUE

The fee for this one-day conference, which will be held at the Hotel Athenaeum Intercontinental, Athens, Greece is US $850 (plus VAT at 20% for companies based in the UK). This fee includes event documentation, refreshments, lunch (please inform us if you have any special dietary requirements) and an evening cocktail reception and networking event for the Laytime and Demurrage community.

Tickets for the evening cocktail reception only may be booked at a cost of $100 per head (plus VAT if applicable). 

If you would only like to make a booking for the cocktail reception, please contact us by email by clicking here.