Course Description
This intensive 5-day course provides a comprehensive understanding of ship chartering contracts. Participants will explore various types of charter parties, legal frameworks, and practical aspects of negotiation and execution. The course covers essential topics such as laytime, demurrage, and dispute resolution, equipping attendees with the knowledge and skills to navigate the complexities of maritime agreements.
Learning Objectives
- Understand different types of charter parties and their applications
- Master the legal and commercial aspects of chartering contracts
- Develop skills in negotiating and drafting charter party agreements
- Learn to calculate laytime and manage demurrage effectively
- Gain insights into risk management and dispute resolution in chartering
Course Modules
Day 1: Introduction to Ship Chartering
- Overview of maritime trade and shipping industry
- Types of charter parties: voyage, time, and bareboat
- Key stakeholders in chartering process
- Legal framework governing charter parties
Day 2: Charter Party Clauses and Negotiations
- Essential clauses in charter party agreements
- Negotiation strategies and techniques
- Risk allocation between charterers and shipowners
- Case studies on successful charter party negotiations
Day 3: Laytime and Demurrage
- Principles of laytime calculation
- Demurrage and despatch concepts
- Exceptions to laytime and demurrage
- Practical exercises on laytime calculations
Day 4: Operational Aspects and Performance
- Vessel performance and speed claims
- Bunker clauses and fuel efficiency
- Safe port and safe berth warranties
- Off-hire events and calculations
Day 5: Dispute Resolution and Risk Management
- Common disputes in chartering contracts
- Arbitration and mediation processes
- Insurance and P&I club coverage
- Future trends in ship chartering
Practical Wins for Participants
- Ability to confidently negotiate and draft charter party agreements
- Skills to accurately calculate laytime and manage demurrage claims
- Enhanced understanding of risk allocation and dispute resolution mechanisms
- Improved decision-making in chartering operations and contract management
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
