Efficient cargo operations in the shipping and maritime industry require a clear understanding of laytime, demurrage, and despatch calculations to avoid costly disputes and delays. For professionals involved in chartering, shipping, logistics, and maritime operations, mastering laytime and demurrage clauses is essential to ensure smooth contract execution, risk mitigation, and financial optimisation.
The Laytime and Demurrage for Wet and Dry Cargo Programme is a 2-day intensive course designed to equip participants with practical knowledge on laytime calculations, demurrage claims, contract negotiations, and risk management. Through real-world case studies, expert insights, and interactive exercises, participants will gain a solid foundation in handling laytime and demurrage disputes effectively in both wet (oil, chemicals, LNG) and dry (bulk, containerised, and breakbulk) cargoes.
The Laytime and Demurrage for Wet and Dry Cargo programme is aimed at those who handle demurrage claims. It will also be of great benefit, to anyone who has a responsibility for avoiding costly contractual mistakes, including operations staff, traders, charterers and lawyers. For example, it can prove very expensive if cargoes are traded without a proper understanding of the differences between the terms of the sales contracts and the charter parties.
This programme is ideal for shipowners, charterers, brokers, shipping agents, port and terminal operators, cargo traders, logistics and supply chain professionals, marine insurance providers, and legal advisors involved in the transportation, trading, and handling of wet and dry cargo.
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Day 1: Laytime Principles, Calculations & Contractual Terms
Understanding Laytime & Charterparty Agreements
- Definition and importance of laytime in shipping contracts
- Key differences between wet and dry cargo operations
- Types of charterparties and their impact on laytime calculations
- Voyage charterparties (Gencon, Asbatankvoy, Shelltime, BPVOY)
- Time charterparties and their implications on laytime and demurrage
- The role of Notice of Readiness (NOR) and its impact on laytime commencement
- Key laytime clauses and legal implications in contracts
- Case Study: How laytime miscalculations lead to financial losses
Laytime Calculations for Wet & Dry Cargoes
- Interpreting laytime clauses – loading and discharging conditions
- Weather working days, SHEX, SHINC, reversible/non-reversible laytime
- Interruptions and exclusions from laytime – bad weather, strikes, congestion
- Time counting rules for laytime and best practices for accurate calculations
- Laytime examples and exercises to reinforce understanding
- Workshop: Hands-on laytime calculation exercise using real charterparty clauses
Day 2: Demurrage, Despatch, Claims & Risk Mitigation
Demurrage, Despatch & Financial Considerations
- What is demurrage? Understanding its financial impact on shipping contracts
- Key demurrage clauses and industry standard terms
- Calculating demurrage in wet and dry cargoes – what factors impact costs?
- How to claim demurrage and manage claims efficiently
- What is despatch? Understanding how it works and its financial benefits
- Standard practices for despatch calculations in wet and dry cargo shipping
- Case Study: How companies reduce demurrage costs through effective planning
Demurrage Disputes, Risk Management & Best Practices
- Common causes of laytime and demurrage disputes
- Legal aspects of demurrage claims and dispute resolution mechanisms
- The role of arbitration, mediation, and litigation in demurrage disputes
- Strategies to minimise demurrage risks and optimise shipping costs
- The impact of delays, congestion, and force majeure events on demurrage exposure
- Digitalisation in shipping – how AI and automation improve laytime tracking and efficiency
- Final Workshop: Managing a real-world demurrage claim and dispute resolution scenario
Small Classes
With small class sizes, much more individual attention can be given to each delegate.
Competitive Pricing
We believe our prices are very competitive and our quality is second to none.
Friendly Staff
Our friendly Customer Support team is here to help you with every step of the way to make your BOC experience comfortable and welcoming.
Course registrations can be made via our website either from individual course pages or through our booking page.
Alternatively, you can download and complete course application form and send via email: training@boc-uk.com or fax: +44 (0) 207 112 4845 Call: +44 (0) 207 112 4846
Commitment to Quality
We strive to provide the best service possible, with the highest regards to quality and professionalism.
Different trainers every day
Each day we have different trainers to maximise the experience sharing.
Kindle for every BOC Delegate
to promote paper free environment, we are giving Kindle Fire to our delegates instead of the course binder.
Luxury Course Venue
All our Training Courses take place at the luxury 4-5 Star hotels located in central London
Certificate of Achievement
At the end of the programme participants will receive a certificate of achievement.
FREE On-going Support
Each delegate receives unlimited support from the trainers after they attended the course with us.
TAILORED MADE / IN-HOUSE MANAGEMENT TRAINING COURSES
All of our open courses can also be run as bespoke courses, tailored to your organisation's specific needs and requirements. Our Tailored Management Training comes in many formats from one-to-one through to fully customised company wide programmes.
To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846
ONE TO ONE COACHING & MENTORING
All of BOC open courses can also be run as One to One Training Sessions, where delegate gets a dedicated trainer for their specific learning requirements. This mode of training is highly preferred by those who need undivided attention of the instructor for a fulfilling learning experience. The courses can be tailored to suit the individual needs of the organisation and the delegate.
To find out more email: training@boc-uk.com or call us on +44 (0) 207 112 4846
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