Training for the Future


Demurrage and Claim Calculation for Oil & Gas Industry Malaysia

Course Code: DCCOGM

Dates: 21 Nov - 25 Nov | 17 Apr - 21 Apr | 11 Sep - 15 Sep | 20 Nov - 24 Nov

Price: £2950

Duration: 1 Week /s

Course Objectives:

This course aims to provide participants with a comprehensive understanding and knowledge base of shipping and demurrage. Participants are given details of a spot fixture, a copy of the charter party and a statement of facts relating to the voyage performed. They asked to calculate the amount laytime used, the amount of demurrage due, if any.


Who Should Attend

Planners, Managers Traders etc


Prerequisite Courses

None


Course Overview

Introduction and Context
Key terms, legal framework, laytime, fright rates
Elements of a Voyage Charter Party, choice of law, time Bars, Arbitration and Dispute Resolution
Legal framework for charter parties
Owners and characters obligation under different forms of charter
Defining Laytime
Types and commencement of laytime, Interruptions and exceptions, completion
Averaging and reversing laytime
Calculating Laytime, Tankers, Dry cargo, Step by step guide, multiple charters, practical examples
Demurrage, Detention and Despatch
Contract law, damages for detention, stoppage and termination of demurrage, deadfreight, liability
What is it, how is it incurred, who pays, how is it calculated?
What does and does not count as used laytime
Practical problems
Documentation and dealing with potential discrepancies
Calculating Demurrage
Basic Calculations, time bar clauses, termination, practical examples
Insurance
Case studies on Maritime law


Course Materials

Course notes

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