This document advertises and provides information about an upcoming intensive three-day training course on advanced laytime and demurrage. The course will have a limited group size and early registration is encouraged to save on fees. It provides details on course content, learning outcomes, target attendees, discounts for groups and in-house training, testimonials from past delegates, and contact information.

1. Intensive Training Course | Limited Group Size | So Book Early!
• Shipowners
• Charterers
• Commodity Traders
• Chartering Brokers
• Maritime lawyers
• Maritime Arbitrators
• P&I personnel
• Claims and cargo handlers
• Demurrage analysts
• Operations executives
• Port personnel
Book and Pay Early to
SAVE UP TO SGD400!
Or register a team of 3 or more delegates and take advantage of
our Special Group Rate, PLUS – the 4th delegate attends for free!
Customer Service Hotline: +65 6508 2401
Maritime
Training Academy
an informa business
Save up to 40%
with Inhouse Training
Special Group
Savings Available
All participants receive
a Course Certificate
www.ibc-asia.com/advancedLD
Advanced Laytime
& Demurrage
17 – 19 November 2014 | Grand Copthorne Waterfront Hotel, Singapore
Key Learning Outcomes
• Appreciate the various methods of laytime calculation
– reversible, non reversible and averageable
• Master the skill of calculating laytime for both dryand
wet cargoes and ensure that your calculations are
correct and to your advantage
• Analyse in detail the various issues affecting laytime
and get solutions for your laytime and demurrage
issues
• Compare charterparty laytime clauses and determine
which terms and conditions apply when sorting out
liabilities
• Examine demurrage claim scenarios and understand
how you can make profit from demurrage claims
• Know the common exceptions to laytime and
demurrage for both dry and wet cargoes
Who Should Attend
Course Director
Jeffrey Blum’s involvement in shipping and trading spans
40 years. He has been providing maritime and commodities
commercial claims consultancy and bespoke corporate
training to clients including oil majors, commodity traders,
shipowners, P&I Clubs, shipbrokers, law firms, banks,
governments and international shipping organisations. He
is a Visiting Professor at the UN IMO’s World Maritime
University and at the Shanghai Maritime University.
Packed with practical exercises,
case studies, and group discussions

2. Advanced Laytime & Demurrage
About the Course
Laytime and demurrage disputes, if not managed effectively, can lead
to significant loss by shipowners, charterers, or traders. Consequently,
if negotiated successfully, it can contribute substantially to that
organisation’s profitability. Moreover, laytime and demurrage disputes
constitute a substantial proportion of shipping-related cases which are
tried by arbitrators and courts in many countries, therefore a thorough
understanding of it is essential for those employed by law firms, P&I
clubs and recovery agents.
Advanced Laytime and Demurrage is a comprehensive course which
investigates several aspects of this enormous and important topic.
Delegates will also examine different scenarios and rules which apply
to laytime and demurrage, as well as increase their skill of calculating
laytime for both dry and wet cargoes.
The course is highly practical, packed with hands on exercises
and interactive discussions that will give delegates an edge when
managing or handling laytime and demurrage matters.
You may also be interested in these courses by Jeffrey Blum:
Bills of Lading
20 - 21 November 2014, Jakarta
Shipbroking and Chartering
4 - 5 December 2014, Singapore
Train the Team! Save up to 40%
with our On-site Tuition
Want to send the whole team? Why not consider one of our On-site packages
and save up to 40%! No matter where you are based in the region let IBC Asia
bring our extensive faculty of internationally recognised trainers directly to
your door. Choose from any one of our 130+ public training courses and we
will ensure a customised fit for your organisation. Either sign up for an existing
course, which we would be more than happy to alter to meet your needs, or
take our Tailor-Made option and let us build a course perfect for ensuring the
delivery of your company’s goals. (8 attendees or more)
To talk through the many options available please call our
training specialist: Miki Kong
+65 6508 2477 onsite.training@ibcasia.com.sg
IBC Maritime Training Academy
IBC Maritime Training Academy is the Asian training division of IBC
Asia, part of the Informa Group and a public listed company in the
UK. Informa’s main business is in the specialist information providing
for global markets. We operate in 70 countries, 150 offices worldwide
with over 7000 employees. We have over 25 years experience in
providing innovative, focused and high quality business information
and training products designed to help you improve the way your
business is managed.
What our past delegates say
about this course
“Provides a clear concept on laytime with general
examples”
~ Total Oil Asia Pacific Pte Ltd
“Case study examples are challenging. The lecturer shares
a lot of his experiences”
~ Wilhelmsen Ships Services
“It gave me a thorough background about owner-charterer.
It helped a lot especially in appreciating our
own contract clauses with the charterer. It enhances my
knowledge on laytime computations”
~ Nickel Asia Corporation
“Practical, clear and easy to follow. Hands-on practices
were useful”
~ Charles Taylor Mutual Management
“The trainer is an expert on the topics covered”
~ PT Pelita Samudera Shipping
About the Course Director
Jeffrey Blum’s involvement in shipping and trading spans 40
years. He has been a member of the Baltic Exchange since 1976
and has worked with a Lloyd’s underwriter and as a shipbroker,
ship owner, gasoil futures broker, charterer and commodities
trader in London and abroad.
He is currently the Education Officer and was recently the
Chairman of the London Branch of the Institute of Chartered
Shipbrokers of which he is also a Fellow since 1979. He served
on the ICS International Controlling Council and other ICS
committees since 1983.
Jeffrey has been a Fellow of the Chartered Institute of Arbitrators
since 1997 (Associate since 1979), is a Supporting Member of
the London Maritime Arbitrators Association (LMAA) and
has been an arbitrator (both sole and tribunal) and expert
witness on many cases since 1983. He has been on the
controlling council of the International Commodity and
Shipping Arbitration Service (ICSAS) since its creation in 2005.
Since 1984 he has been lecturing on maritime commercial
subjects and law at universities and colleges throughout the
UK. He is a Visiting Professor at the UN IMO’s World Maritime
University in Malmo and at the Shanghai Maritime University
and is a frequent presenter at conferences and masterclass
workshops worldwide. For many years he has contributed to
trade magazines and books and is currently editing the 12th
edition of a longestablished textbook on Chartering.
Jeffrey provides maritime and commodities commercial
claims consultancy and training through Interlink
International Trading (UK) Ltd which he founded in
1994. His clients include oil majors, commodity traders,
shipowners, P&I Clubs, shipbrokers, law firms, banks,
governments and international shipping organisations.
Since 2002 he is also the Founding Director and principal
lecturer of Maritime Education & Training Ltd, which
provides evening classes tuition annually from September
until April to examinees of the Institute of Chartered
Shipbrokers.
REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.ibc-asia.com/advancedLD

3. Review of Laytime and Demurrage
• Allocation of risk for delay between owners and
charterers
• Definition of laytime, demurrage and despatch
• Types of Laytime
~ Fixed time
~ Tons per hour/per hatch
~ Worldscale
~ Custom of port
Start of Laytime
• Arrived ship
• When does it start?
• What suspends time?
• When does time stop running?
• Notice of Readiness (NOR)
Start and Stoppage of Demurrage
• Start of demurrage
• Suspension of demurrage
• When does demurrage stop running?
• What stops the running of demurrage
Calculation of Laytime for Dry and Wet Cargoes
• Types of dry cargo laytime – reversible, averageable,
non-reversible
• Working days and running hours
• Laydays, early loading clauses, virtual NOR and late
arrivals
• Explanation of terms
~ WWD / WDWP
~ WIBON / WIPON / WIFPON / WECCON
~ SHINC / FHINC / SHEX / FHEX
• Breakdown of different types of machinery on wet and
dry ships
• Laytime per working / workable hatches
• Damages for detention
• Notice periods, turn times, EDP
• Interruptions and exceptions
• Pro rated time for part cargoes
• Shifting and multi berth discharges
IBC Training Academy Upcoming Courses
• Pumping clauses, pumping logs, excess pumping calculations
• Other issues affecting the calculation of laytime
Laytime and Demurrage Clauses
• Different charterparties and NOR clauses
• Weather clauses
• Time bar clauses
• Practical considerations including
~ Crude oil washing
~ Stripping
~ Letters of protest
Demurrage Claims Management
• Main stages
• Key clauses in your contract that can impact your claims
• Securing a settlement
• Enforcement options
Case Study: A recent laytime and demurrage case will
be presented and analysed to give participants a better
appreciation of common problems and practical issues
arising. Specific clauses will be reviewed and participants
will be encouraged to provide alternative solutions to the
case. Delegates are asked to send their claims stories latest
one week prior to this Workshop for general practical and
legal discussion (anonymous if preferred).
The Commercial Contract Terms and Charterparty
Clauses
• Relationship between the two – with examples
• Traders’ GT&C (general terms and conditions)
Profitable Use of Laytime and Demurrage in
Nontraditional Ways
• Delaying loading
• During the course of the voyage
• Delaying discharge
Handling Laytime & Demurrage Claims and Disputes
• Time bars
• Which documents are essential
• Dispute resolution methods – and reasons for choices of
arbitration or mediation or litigation
Scan the QR Code with your
smartphone and download the
updated training calendar
COURSE OUTLINE
Course Registration: 8:30am
Course Commencement: 9:00am
Course Conclusion: 5:00pm
Explanation of Timings: These times act as a guide and may be modified slightly depending
on the depth of class discussion and whether assessments are being conducted.
Course Programme: This program is a guide and may be altered to better address
participant requirements on a consensus basis.
Offshore Vessels Sale & Purchase, Financing
and Chartering
27 – 28 October 2014, Singapore
Maritime Law and Contract Fundamentals
9 – 10 October 2014, Singapore
Bills of Lading
20 – 21 November 2014, Jakarta, Indonesia
Shipbroking and Chartering
4 – 5 December 2014, Singapore
REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.ibc-asia.com/advancedLD

4. ENJOY SUBSTANTIAL SAVINGS WITH
OUR MULTIPLE BOOKING DISCOUNT!
When 3 or more book onto this course.
See pricing table for full details
Advanced Laytime & Demurrage
Customer Service Hotline
+65 6508 2401
LET IBC ASIA COME TO YOU! To talk through the many options available please
SPECIAL RATE NORMAL RATE
Register and Pay
after 10 October 2014
SGD 3,795 (SAVE SGD 400) SGD 3,995 (SAVE SGD 200) SGD 4,195
Book a group of 3 or more delegates and pay per delegate
SGD 3,695 (Save SGD 500 per delegate and 4th attends FREE!)
FREE
Please photocopy for additional delegates
This label contains your priority booking code. To expedite registration, please do not remove label. If you have
already received a copy of this brochure, we apologise. For reasons of confidentiality, your full particulars were not
available to IBC Asia (S) Pte Ltd for deduplication prior to mail drop.
FEE PER
DELEGATE
Individuals
Special Group
Discount
Delegate 1 Details
Name: Dr/Mr/Ms
Job Title:
Department
Tel:
Mobile No.:
Email:
on or before 05 September 2014
Who is Head of your Department?
Who is Head of Training?
RESERVE YOUR PLACE TODAY!
Register and Pay
on or before 10 October 2014
Delegate 2 Details
Name: Dr/Mr/Ms
Job Title:
Department
Tel:
Mobile No.:
Email:
Delegate 3 Details
Name: Dr/Mr/Ms
Job Title:
Department
Tel:
Mobile No.:
Email:
Delegate 4 Details
Name: Dr/Mr/Ms
Job Title:
Department
Tel:
Mobile No.:
Email:
Company Information
Company Name:
Address:
Main Business/Activity:
Postal Code:
REG NO. 200108203N
call our training specialist Miki Kong
Tel: +65 6508 2477 | Email: onsite.training@ibcasia.com.sg
I ca nnot attend this event but
please include me in your mailing list.
Yes! I/We Will Attend
EARLY BIRD RATE
Register and Pay
Payment Method (Please tick:) I enclose my bankers draft / cheque payable to IBC Asia (S) Pte Ltd
I am paying by bank transfer (copy attached)
Payment by Credit Card. (AMEX, VISA or MasterCard accepted)
CREDIT CARD PAYMENTS
Credit card contact: Department:
Direct phone number: Email:
HOTEL INFORMATION
PAYMENT TERMS
Payment must be received 10 business days prior to the event. To
take advantage of discounts with an expiry date, registration and
payment must be received by the cut-off date.
• Payment by bankers draft or cheque in S$ or US$ should be
made in favour of “IBC Asia (S) Pte Ltd” and mailed to:
IBC Asia (S) Pte Ltd
c/o Informa Regional Business Services
111 Somerset Road, TripleOne Somerset #10-06
Singapore 238164
Attn: The Accounts Receivable Team
• Payment by bank transfer in S$ or US$ made payable to:
IBC Asia (S) Pte Ltd
A/C No.:147-059513-001 (S$)
A/C No.:260-457866-178 (US$)
The Hongkong and Shanghai Banking Corporation Limited
21 Collyer Quay, HSBC Building
Singapore 049320
Bank Swift Code: HSBCSGSG
Bank Code: 7232
• Payment by Credit Card (AMEX, VISA or MasterCard).
The best way to pay by credit card is through our secure portal
built into the website. To pay by phone please indicate the
contact name and details below and our Customer Services
Team will call within 24 hours to take payment. Please do not
send credit card information by email.
• Special Group Discount pricing is applicable to groups of 3 or more delegates from the same organisation registering for the same event, at the same time.
Fee stated is the discounted price PER DELEGATE. Only one discount applies - either the early bird rate OR special rate OR Special Group Discount.
• All fees stated include luncheons, refreshments and complete set of documentation. It does not include the cost of accommodation and travel.
• A 7% Goods & Services Tax (GST) is applicable to all Singapore based companies for Singapore venue.
CANCELLATIONS / SUBSTITUTION
Should you be unable to attend, a substitute delegate is welcome
at no extra charge. Cancellations must be received in writing at
least 10 business days before the start of the event, to receive a
refund less 10% processing fee per registration. The company
regrets that no refund will be made available for cancellation
notifications received less than 10 business days before the event.
IMPORTANT NOTE
Please quote the name of the delegate, event title and invoice
number on the advice when remitting payment. Bank charges are
to be deducted from participating organisations own accounts.
Please fax your payment details (copy of remittance advice, cheque
or draft to +65 6508 2407).
Attendance will only be permitted upon receipt of full payment.
Participants wishing to register at the door are responsible to ensure
all details are as published. IBC assumes no further liability or
obligation, beyond the refund of the paid registration fee, in the
event of postponement or cancellation by IBC.
DATA PROTECTION
The personal information entered during your registration/order,
or provided by you, will be held on a database and may be shared
with companies in the Informa Group in the UK and internationally.
Occasionally, your details may be obtained from or shared with
external companies who wish to communicate with you offers
related to your business activities. If you do not wish your details
to be used for this purpose, please contact our Database Department
at Email: database@ibcasia.com.sg, Tel: +65 6508 2400 or Fax:
+65 6508 2408.
If undelivered, please return to:
111 Somerset Road,
TripleOne Somerset #10-06, Singapore 238164
Tel: +65 6508 2400 Fax: +65 6508 2408
17 – 19 November 2014 | Grand Copthorne Waterfront Hotel, Singapore
6 EASY WAYS TO REGISTER
Email
register@ibcasia.com.sg
Fax
+65 6508 2407
Web
MAIL the attached registration
form with your cheque to
IBC Asia (S) Pte Ltd
c/o Informa Regional Business
Services
111 Somerset Road, TripleOne
Somerset #10-06, Singapore
238164
Scan the QR Code
with your smartphone
and register today
The best way to pay by credit card is through our secure on-line registration process, simply log on to the website at www.ibc-asia.com/
advancedLD and click “Register On-line”. If you would prefer to pay over the phone please complete the contact name and details and our
Customer Services Team will call within 24 hours to take payment. As we treat your credit card information in the strictest confidence,
please do not send payment details by email.
www.ibc-asia.com/advancedLD
Advanced Laytime & Demurrage
Grand Copthorne Waterfront Hotel
392 Havelock Road, Singapore 169663
Tel: +65 6733 0880 | Fax: +65 6733 1072
Contact Person: Ms Tan Ai Li
Email: aili.tan@millenniumhotels.com
P52106 WEB
REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.ibc-asia.com/advancedLD