Advanced demurrage
Course Description
Via the inclusion of different charter parties and marine provisions, this advanced course elaborates on the introductory course. Amongst other topics Participants will become well versed in the difference between port charters and berth charters, what constitutes a safe port and berth, what constitutes a valid notice of readiness, relationships between common clauses and opposing interpretations depending upon the governing law, alleged impartial pumping clauses, multi cargo considerations and the proper proration of simultaneous pumping, and detention. Participants will be exposed to practices and verbiage which will directly and indirectly improve their company’s bottom line. And all participants will receive a comprehensive course book replete with examples of clauses and on point US and UK legal precedent.
What you'll get out of this course
Key Learning Objectives
It is the intention of this course to cover the following key topics:
Analytical comparison of popular tanker charter parties
Establish an understanding of port versus berth charters
Qualifying when NOR is valid / invalid
Explore conditions considered to be “beyond Charterer’s control”
Distinguish what constitutes Charterer’s breach of the safe port warranty
Quantify the remedy for Vessel’s breach of Expected Readiness and ETAs
Pump warranty remedies and calculation of credits for multiple cargoes
Application of prorata and suspended laytime provisions
Understanding of legal principles
How demurrage relates to sales contracts
Nuances of cargo contamination and shortage claims
Distinguish detention from demurrage
Importance of documentary evidence
Full Course Curriculum
20+ Years of Experience
Learners
Assignments
Hours
“This is a very complex area within the maritime industry. More people need to understand it and continue learning about it. The instructors are very professional and knowledgeable, very well organized."
— Training Delegate
“I thought I did not really need the Advanced Demurrage course, but all in all I came out with a lot more info. I believe that in many offices demurrage is an underestimated aspect of the shipping business.”
— Training Delegate
“Great demurrage course – very educational and stimulating.”
— Training Delegate