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