Ship Chartering, Laytime & Demurrage Masterclass

The Ship Chartering, Laytime & Demurrage Masterclass is a specialized program designed to provide professionals in the maritime industry with advanced knowledge and skills in the areas of ship chartering, laytime, and demurrage.

Classroom Sessions:

DateVenuePrice
18 - 22 Mar 2025
Doha - Qatar
$ 5,950
15 - 19 Apr 2025
Online
$ 5,950
26 - 30 Aug 2025
Doha - Qatar
$ 5,950
16 - 20 Dec 2025
Dubai - UAE
$ 5,950

INTRODUCTION

The Ship Chartering, Laytime & Demurrage Masterclass is a specialized program designed to provide professionals in the maritime industry with advanced knowledge and skills in the areas of ship chartering, laytime, and demurrage. Participants will gain insights into the complexities of charter party agreements, the calculation of laytime, and the management of demurrage, with a focus on leveraging data for optimal decision-making.

WHY IT MATTERS

In the maritime industry, data is a critical component for efficient and cost-effective operations. The course emphasizes the importance of leveraging data to analyze market trends, track vessel performance, and calculate laytime accurately. Integrating data-driven approaches ensures that professionals can make informed decisions, mitigate risks, and optimize chartering and operational processes.

OBJECTIVES

  1. Develop advanced knowledge of ship chartering principles and practices.
  2. Understand the calculation of laytime and demurrage in charter party agreements.
  3. Learn to leverage data for decision-making in ship chartering and operations.
  4. Enhance skills in negotiating and managing charter party agreements.
  5. Foster a strategic mindset for optimizing chartering processes and minimizing costs.

WHO SHOULD ATTEND ?

This masterclass is suitable for professionals in the maritime and shipping industry, including:

  • Chartering Managers and Executives
  • Ship Operators and Owners
  • Shipping and Maritime Lawyers
  • Port and Terminal Managers
  • Risk Managers and Analysts in the shipping industry

DAY 1

Introduction to Ship Chartering, Laytime & Demurrage

  • Introduction to Ship Chartering, Laytime & Demurrage
  • Overview of Charter Party Agreements
  • The Role of Data in Maritime Decision-Making

DAY 2

Chartering Process and Negotiation Strategies

  • Chartering Process and Negotiation Strategies
  • Types of Charter Parties and Their Implications
  • Utilizing Data for Market Analysis

DAY 3

Laytime Calculation Methods and Principles

  • Laytime Calculation Methods and Principles
  • Weather and Other Laytime Exceptions
  • Case Studies: Laytime Calculations and Disputes

DAY 4

Demurrage Principles and Management

  • Demurrage Principles and Management
  • Dispute Resolution in Demurrage Cases
  • Data-Driven Approaches to Demurrage Reduction

DAY 5

Charter Party Optimization Strategies

  • Charter Party Optimization Strategies
  • Emerging Trends in Ship Chartering
  • Capstone Project: Applying Ship Chartering, Laytime & Demurrage Knowledge
  • Course Recap and Certification