Dry Cargo Laytime and Demurrage Essentials Training

About the Course

Laytime and demurrage disputes, if not managed effectively, can lead to significant losses by shipowners, charterers or traders, who could, conversely, create significant profit with better handling of relevant contract clauses. Moreover, laytime and demurrage disputes constitute a substantial proportion of shipping-related cases that are tried by arbitrators and courts in many countries. Therefore, a thorough understanding of it is essential for those employed by law firms, P&I clubs and recovery agents.

This laytime and demurrage dry cargo course introduces participants to the fundamentals of dry cargo laytime and demurrage by investigating every aspect of this enormous topic.

Who Will Benefit

Participants will be expected to have little or no prior knowledge of laytime. This guide to laytime and demurrage will help:

• Ship owners and managers
• Charterers including Importers, Exporters and Traders
• Shipbrokers
• Port and ship agents
• P&I personnel
• Logistics and shipping professionals
• Legal advisers, solicitors and barristers
• Government bodies and representatives

Key Learning Objectives

• Introduction to Laytime
• Introduction to demurrage and despatch
• Calculation of laytime for dry cargoes
• Shipowners’ and charterers’ duties
• Clauses for dry cargo laytime & demurrage
• When does the clock start to tick?
• Safe ports and berths and anchorages
• Arrived ship, Notices of Readiness
• Profitable use of dry cargo laytime and demurrage in non-traditional ways
• Demurrage claims management
• Statements of Facts
• Notes of Protest
• Handling of claims and disputes
• Time bars

Course Information

Instructional Delivery Method: Live Digital
Prerequisite & Advanced Preparation: Reading material will be sent prior to the course

Delivered by Jeffrey Blum

Jeffrey Blum’s involvement in shipping and trading spans over 50 years. He is the fourth generation of a shipping family, has been an active member of the Baltic Exchange since 1976 and has worked with a Lloyd’s underwriter and as a shipbroker, ship owner and operator, gasoil futures broker, charterer and commodities trader in London and abroad.

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