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