Download - Tanker Chartering, Laytime and Demurrage
maritime
Customer Service Hotline: +65 6508 2401
www.ibc-asia.com/tanker-chartering
All participants receivea Course Certificate
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Tanker Chartering, Laytime and Demurrage24 – 26 July 2019 | Mandarin Orchard Hotel, Singapore
• Commonly used standard tanker forms such as Asbatankvoy and Shelltime 4
• Fixing the charter and knowing when is a binding contract made and in what terms
• Negotiating fixtures between brokers
• Understanding what ‘subjects’ are and their legal effect
• Delivery against bills of lading and letters of indemnity
• Charterparty indemnity clauses
• Safe ports and safe berths, force majeure, war and terrorism
• Delivery, final voyage and redelivery in time charters
• The nature of hire and off-hire for time charters
• Laytime, demurrage and the importance notice of readiness
• The principle of “once on demurrage, always on demurrage” and the rare exceptions
• Incorporation of charterparty clauses into bills of lading
Course Director
Key Learning Outcomes Who Should Attend
Professor Martin Davies, Member
INTERTANKO Documentary Committee
Martin is the Director of the Maritime Law Center in
Tulane University Law School, USA and has over 20
years practical experience as a Consultant in maritime
matters and general international litigation and
arbitration. He is a member of the Intertanko team that
presents the tanker chartering seminar every year.
• Tanker shipowners and charterers
• Traders
• Ship brokers
• Marine insurance and P&I personnel
• Maritime lawyers and in-house legal advisers
• Claims and cargo handlers
• Surveyors
• Salvage and recovery agents
MCF Training Grant is available for eligible participants. Please refer to www.mpa.gov.sg/mcf for information
REGISTER TODAY! +65 6508 2401 [email protected] www.ibc-asia.com/tanker-chartering
To talk through the many options available please call our training specialist: Miki Kong
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Tanker Chartering, Laytime and Demurrage
“The presentation was really well prepared and the trainer kept the atmosphere fun & inspiring. Interesting mix of participants”Raymond Ho, Account Manager, Wartsila Singapore Pte
“There are quite a case studies
to explore different perspectives and participants’ opinions. Professor Davies showed a lot of true, practical events as examples, enabling our improved understanding of the tanker business market, notices of readiness”Jaslyn Ho, Planner, Sumitomo Chemical Asia Pte
“Martin gave us a lot of insights on chartering, useful for my day to day work”
Capt. Revidharan Nair, Operations Manager, Aurora Tankeers Management
“Topics covered at this programme are highly relevant to what I do on daily basis. Martin communicates clearly especially on ship arrest procedures across different countries, specifically the procedure of security claim prior to arbitration and local laws where I intend to apply”Ramesy Chand Meena, Operations Manager, IMC Shipping Co Pte Ltd
“The course director was very well prepared. The programme offered not just a comprehensive set of different countries’ laws but more importantly the examples. Case studies are well-updated”Andrea Tassam, Chartering and Fleet Operations Manager, Wellard Ships Pte
What Past Delegates Like About Course
About the Course DirectorProfessor Martin Davies, MemberINTERTANKO Documentary Committee
Martin Davies, Admiralty Law Institute Professor of Maritime Law and Director of the Maritime Law Center, Tulane University Law School, USA; Consultant to Sutherland, Asbill & Brennan (USA), Blake Dawson (Australia) and Navin & Co (Singapore).
Martin Davies is author (and co-author) of text books on maritime law, international trade law, conflict of laws, and the law of torts. He has taught maritime law at universities in the United States, Australia, Singapore and Italy. He frequently speaks at conferences and seminars around the world. He also has extensive practical experience as a consultant in maritime matters and general international litigation and arbitration.
Martin has advised on cargo claims, arrest and admiralty matters, drafting bills of lading, sea waybills and charterparties, collisions and limitation of liability, oil pollution, salvage, marine insurance, maritime arbitrations and international sale of goods. He is a member of the Documentary Committee of Intertanko and is a member of the Intertanko team that presents a tanker chartering seminar every year.
About the CourseTanker Chartering, Laytime and Demurrage is a 3-day comprehensive masterclass that offers an indepth analysis on the contractual and legal framework behind quality tanker operations and an assessment of the tools necessary to manage these contracts in today’s highly volatile shipping market.
This course will cover common issues in tanker chartering and will provide practical case studies, insights and remedies to these issues.This course is especially relevant for those who deal in tanker chartering and operations in their daily work such as shipowners, charterers, shipbrokers, traders, P&I personnel, claims and cargo handlers, and maritime lawyers.
Attending• Gain a deeper understanding of the contractual
framework of tanker charterparties and clauses, and its complexities
• Know the problems arising from its negotiation and beequipped with solutions on how to manage it
• Improve your bottom line by knowing contemporaryissues in the tanker market and its liabilities to yourbusiness
• Be updated on the legal trends and latest developments associated with tanker chartering
• Interact with your peers in the industry and learn fromtheir experiences in addressing issues surroundingtanker chartering
• Analyse case studies, consider alternative solutions,and evaluate different contractual options based on the need of the hour
Explanation of Timings: These times act as a guide and may be modified slightly on the depth of class discussion and whether assessments are being conducted.Course Programme: This program is a guide and may be altered to better address participant requirements on a consensus basis.
Course Registration: 8:30amCourse Commencement: 9:00amCourse Conclusion: 5:00pm
COURSEOUTLINE
REGISTER TODAY! +65 6508 2401 [email protected] www.ibc-asia.com/tanker-chartering
3-DAY COURSE OUTLINE
IBC Training Academy Upcoming Events!
Shipbroking & Chartering17 - 18 June 2019, Singapore
Advanced Bills of Lading19 - 20 June 2019, Singapore
Ship Arrest22 - 23 July 2019, Singapore
Ship Finance, Sales & PurchaseJuly 2019, Singapore
Shipping Law and Contract Fundamentals9 - 10 September 2019, Singapore
Maritime Cybersecurity26 - 27 September 2019, Singapore
Contract Law for Non-Lawyers14 - 15 October 2019, Singapore
Charterparty Negotiation28 - 29 October 2019, Singapore
FIXING THE CHARTER (TV)
• When is a binding contract made and in what terms?
• Negotiations between brokers
• The legal effect of “subjects”
• The difference between qualifying the intention to be bound fromqualifying the obligation to perform
SAFE PORTS, SAFE BERTHS (TV)
• The elements of the legal definitio of safety
• The nature of the obligation: absolute warranty or due diligence?
• The consequences of unsafety
FREEZING INJUNCTION COMPARED WITH SHIP ARREST
• The main differences
• What to use when
• Limitations and advantages of each
CASE STUDY SESSION 1:
CASE STUDY ON SAFE PORT AND ASSESSMENT OF DAMAGES
FORCE MAJEURE, WAR AND TERRORISM (TV)
• War risk clauses
• Force majeure clauses
• ISPS Code clauses
• The effect of not providing for changed circumstances
DELIVERY: BILLS OF LADING, LETTERS OF INDEMNITY,CHARTERPARTY INDEMNITY CLAUSES (TV)
• The consequences of delivering without presentation of original bills
• of lading
• Methods of protection against those consequences
• The risks faced, despite the methods of protection
• Allocation of those risks
CASE STUDY SESSION 2:
CASE STUDIES ON PIRACY AND DELIVERY WITHOUT ORIGINAL BILLS OF LADING
CONDITION AND DESCRIPTION OF THE VESSEL (T)
• Vetting clauses, inspections, SIRE
DURATION OF THE CHARTER, DELIVERY AND REDELIVERY (T)
• Overlap/underlap and the concept of the legitimate last voyage
• Damages for late redelivery
• Extending beyond the voyage beyond the final terminal date
• Adding off-hire periods to the period of the charter
CASE STUDY SESSION 3:
CASE STUDY ON CONDITION OF THE VESSEL UNDER TIME CHARTER
HIRE AND OFF-HIRE (T)
• When are deductions from hire permitted?
• Withdrawal for non-payment of hire and the effect of “antitechnicality”
• Clauses
• Different types of off-hire clauses:
• Period clauses v. net loss of time clauses
CASE STUDY SESSION 4:
CASE STUDY ON WITHDRAWAL FOR NON PAYMENT OF HIRE AND ANTI-TECHNICALITY CLAUSES
LAYTIME AND DEMURRAGE (V)
• When can a ship give effective notice of readiness (NOR)?
• Cancelling for late arrival: the lay/can period
• Exceptions to the running of laytime and demurrage
• Is it true that “once on demurrage, always on demurrage”?
CASE STUDY SESSION 5:
CASE STUDIES ON LAYTIME AND DEMURRAGE
“Really informative and helpful for my work. Professor Davies’ presentation is clearly mapped-out and systematically prepared”
Chong Jinn May, Senior Legal Counsel, Keppel Offshore and Marine
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Tanker Chartering, Laytime & Demurrage
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24 – 26 July 2019 | Mandarin Orchard Hotel, Singapore
EARLY BIRD RATERegister and Pay
on or before 24 May 2019
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after 24 May 2019
3 Day Training Course
FEE PER DELEGATE
SGD 4,095 (SAVE SGD 200) SGD 4,295
Tanker Chartering, Laytime and Demurrage
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