Introduction to Demurrage

July 8, 2013

This introductory two-day course provides an overview of laytime calculations, demurrage analysis, charter parties, and facilitates a working knowledge of tanker and terminal operations. Participants will learn key shipping and demurrage concepts, such as:

  • Charters: Voyage, Consecutive, Time, Bareboat
  • Independent Surveyors
  • Laydays – Extension – ETAs – NOR
  • Laytime – Exceptions to Time Counting
  • Weather Delays – Fog, Storm
  • Nighttime Restrictions – Terminal / Port
  • Shifting Time – When does it count?
  • Barge Operations – Transshipments
  • Ship to Ship transfers
  • Pump Warranty – Owner / Charterer Obligations
  • Logs: Owners, Agents, Survey Report, Dock
  • Time Bar – Charter Party, Sales Contracts
  • Demurrage Documentation Requirements
  • Law: U.S. vs. English
  • Arbitration – Shortened Procedures
  • Mock Arbitration and Discussion