Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal ..
proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course will discuss the calculation and exceptions of laytime, despatch, and the role played by damages for detention. Breach of pumping and/or temperature warranties and pumping warranty claims will be examined. This course will also look at the possible revisions of contract clauses that either party can negotiate for improved clarity and increased advantage.
UNDERSTAND different type of charter-party and the various issues involved
DISCOVER the fundamental of contract law in relation of demurrage, damages of detention and despatch
LEARN the responsibilities and liabilities of charterers and how to assess the termination of demurr
KNOW the importance of various interpretation of legal terms agreed and the possible legal claim
IMPROVE understanding on dispute resolutions methods and arbitration processes