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