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.

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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
• Shipowners
• Charterers
• Commodity Traders
• Chartering Brokers
• Maritime lawyers
• Maritime Arbitrators
• P&I personnel
• Claims and cargo handlers
• Demurrage analysts
• Operations executives
• Port personnel
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. 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.
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To talk through the many options available please call our
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+65 6508 2477 onsite.training@ibcasia.com.sg
REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.ibc-asia.com/advancedLD
Advanced Laytime & Demurrage
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
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.
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 ofArbitrators
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
ShippingArbitration 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 aVisiting Professor at the UN IMO’sWorld 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.
What our past delegates say
about this course
About the Course
About the Course Director
“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

3. IBC Training Academy Upcoming Courses
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COURSE OUTLINE
Course Registration: 8:30am
Course Commencement: 9:00am
Course Conclusion: 5:00pm
Explanation ofTimings: 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.
REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.ibc-asia.com/advancedLD
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
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
• 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

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Tel: +65 6508 2400 Fax: +65 6508 2408
17 – 19 November 2014 | Grand Copthorne Waterfront Hotel, Singapore
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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
REGISTER TODAY! +65 6508 2401 register@ibcasia.com.sg www.ibc-asia.com/advancedLD
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Advanced Laytime & Demurrage