REVIEW OF LAYTIME AND DEMURRAGE

Allocation of risk for delay between owners and charterers
Definition of laytime, demurrage and despatch
Types of Laytime
- Fixed time
- Tons/Tonnes per hour or per working/workable hatch
- Custom of port

START OF LAYTIME

START AND STOPPAGE OF DEMURRAGE

CALCULATION OF DRY CARGO LAYTIME

Types of dry cargo laytime (reversible, averageable, nonreversible)
Working days and running hours
Explanation of terms
- » WWD / WDWP
- » WIBON / WIPON / WIFPON / WECCON
- » SHINC / FHINC / SHEX / FHEX
Breakdown of different types of machinery
Damages for detention
Notice periods, turn times
Interruptions and exceptions
Pro-rated time for part cargoes
Shifting and multi-berth discharges
Other issues affecting the calculation of laytime

COVID-19 IMPACTS ON DEMURRAGE AND DETENTION

Who is responsible for disruption and delay
- Off-hires, vessel quarantine, delayed free pratique, delayed certification
- Voyage charter issues: time count for laytime & demurrage, WIFPON clause
Who is liable for demurrage and detention charges
BIMCO, Intertanko Coronavirus clause

LAYTIME AND DEMURRAGE CLAUSES

DEMURRAGE CLAIMS MANAGEMENT

THE COMMERCIAL CONTRACT TERMS AND CHARTERPARTY CLAUSES

PROFITABLE USE OF LAYTIME AND DEMURRAGE IN NON-TRADITIONAL WAYS

HANDLING LAYTIME & DEMURRAGE CLAIMS AND DISPUTES

Time bars
Which documents are essential
Dispute resolution methods and reasons for choice of arbitration, mediation or litigation

Dry Cargo Laytime and Demurrage Agenda

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