Laytime Workshop: Demurrage & Despatch

Service Description

Our workshop on laytime provides comprehensive explanations of key notions you need to know before running a laytime calculation by reviewing fundamental concepts like: - Definition of Laytime - Different Types of Laytime - Differences in laytime between tankers and dry cargo ships - Notice of Readiness and its validity - Port versus Berth charter parties - Interruptions and Exceptions - What stops the laytime clock? - The Four "D" — Demurrage — Damages for Detention — Despatch — Deadfreight - Special Clauses on Charter Party clauses that affect laytime calculations Moreover, you will put into practice all the notions that you have learned in a practical session with a real study case and some recent decisions on Laytime arbitrations This workshop is one of our best-selling, specially designed to empower professionals with practical exercises that will widely clarify some of the complexities of laytime calculations and contractual obligations. er LCs.