Professional Course

Certificate in Laytime and Demurrage

12 weeks
12 weeks
This provider usually responds within 48 hours 👍

Course description

Certificate in Laytime and Demurrage

Learn Key Knowledge on Diffusing Disputes and Maximising Charter Profits

Understand the difference between profit or loss; conciliation or litigation; success or failure in trade deals and chartering enterprises.

Who should attend?

  • Charterers and chartering agents; brokers, traders and distribution managers
  • Shipping company professionals in supply, operations and risk management
  • Employees starting or moving into the shipping divisions of oil and bulk operators
  • Ship owners, fleet managers, port and terminal supervisors
  • Bankers, accountants and advisors involved in shipping financeLegal and insurance professionals dealing with commodity transportation issues
  • Personnel in trading, distribution and logistics companies transporting goods by sea

Training content

  • Laytime and Demurrage Introduction and Context
  • Defining Laytime
  • Calculating Laytime
  • Demurrage, Detention and Despatch
  • Calculating Demurrage
  • Laytime, Demurrage and Despatch in Practice

Certification / Credits

What you'll learn

  • Different types of chartering: time,voyage and bareboat
  • The complications that may occur in the commencement of laytime
  • How to recognize fundamental differences between dry cargo and tanker laytime
  • The fundamentals of contract law related to demurrage, damages of detention, despatch and deadfreight
  • The difference between theory and its application to practices at all stages of a shipping adventure (from negotiation stage to the follow up/performing of a voyage)
  • Analysing charter party clauses and documents required for calculations

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Lloyd's Maritime Academy
Lloyd's Maritime Academy
240 Blackfriars Road
SE1 8BF Waterloo

Lloyd's Maritime Academy

Lloyd’s Maritime Academy was born from Lloyd’s List. Lloyd’s Maritime Academy is the trusted brand for professional development, working with leading academic and industry bodies to provide accredited education and training where it is much needed.We are stepping up investment...

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