Advanced Demurrage

July 12, 2013

This two-day advanced demurrage course elaborates on complex demurrage issues; in-depth analysis of charter parties and protective clauses; ways to limit liability and maximize collection through improved terms; understand frequently disputed issues and ways to eliminate the cause; and, discuss key arbitration awards and landmark decisions that are instrumental in successful demurrage resolution. Some key items to be covered include:

• Analysis of Popular Tanker Charter Party Forms
• Berth Charter – Port Charter
• Notice of Readiness – Received – Accepted – Rejected
• Arrived Vessel – When and Where
• Safe Berth / Safe Port – Reachable Upon Arrival
• Prorata Waiting Time / Laytime – Suspended Laytime
• INCOTERMS – Sales Contracts – ‘As per Charter Party’
• Beyond Charterer’s Control – Cargo Availability – Fog
• Expected Readiness – Vessel’s Late Arrival
• Document Signatures
• Letters of Protest – Owner / Terminal / Surveyor
• Mock Arbitration and Discussion
• Multi-Cargo Handling – Vapor Recovery Constraints
• Cargo Contamination and Effective Demurrage
• Pumping Warranties – Load and Discharge
• Once on demurrage, always on demurrage?
• General Exceptions Clause – Force Majeure
• Berthing Delays Due to Bad Weather – Strikes – ISPS
• Demurrage as a Profit Center
• Maximizing Demurrage to Freight Ratios
• Detention or Demurrage?
• Statute of Limitations – Laches
• Time Bar Exceptions – Charter Party / Sales Contracts