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