Laytime and Demurrage for the Oil and Tanker Industries - September 2012
Date: 13/14 September 2012 · Location: The Chesterfield Hotel, London W1
For the last seventeen years Roger Sepkes, Managing Director of Asdem, has trained more than a hundred delegates each year from oil companies, trading houses and tanker companies in all aspects of laytime and demurrage. During this time he has developed a comprehensive programme which is constantly updated in the light of current court decisions and arbitration awards. These seminars have proved very popular and Asdem has run them in many different parts of the world both as public and in-house courses. They are held on a regular basis in London, Singapore and Cape Town. Each course is limited to about twenty delegates.
The two-day seminar covers far more than just the fundamentals of laytime and demurrage. The aim is to teach how it is possible to find many opportunities for saving substantial amounts of money and avoid costly disputes, if you have a good understanding of the complexities of the subject. The course provides a detailed examination of both charter party and contract demurrage with a clear and concise explanation of all the problem areas. The full range of topics to be covered is listed below.
The programme is aimed at the day-to-day working requirements of those who handle demurrage claims. It will also be of great benefit, as many companies have already discovered, to anyone who has a responsibility for avoiding costly contractual mistakes, including operations staff, traders, charterers and lawyers. For example, it can prove very expensive if cargoes are traded without a proper understanding of the differences between the terms of the sales contracts and the charter parties.
This laytime/demurrage training course is designed specifically for the oil and tanker industries and examines the differences between all the commonly used charter parties. The comprehensive course documentation has been written as a very useful guide for future reference. Asdem usually holds this training course annually in Singapore and three times a year in London. The course will be limited to a maximum of 21 people. To reserve a place please, return the booking form or register on line at www.asdem.co.uk as soon as possible.
The fee for this intensive 2-day seminar is £940.00 plus VAT at 20%*. This fee includes all refreshments, lunches and the course documentation, but not accommodation. *Under revised Excise regulations only delegates from companies based in the UK are required to pay VAT on conferences and seminars held in the U.K. If you require accommodation, our special delegate rate at The Chesterfield Hotel for a limited number of bedrooms is currently £219 plus VAT per night for a single room including breakfast . Expotel, our reservations agents, can offer competitive rates at other hotels nearby. Please call them on +44 (0) 8447 937100 and quote our reference “ASDLON” or e-mail email@example.com. This is a free service to delegates.
Where 3 or more bookings for this seminar are made by one company a discount of 10% will be available for all the delegates.
HOW TO REGISTER
ASDEM Ltd., 6 Brook Street, London W1S 1BB, United Kingdom
Bookings may be made by telephone but must be confirmed in writing. If you have not received your joining instructions by 27 August 2012 please contact us to make sure we have received your booking.
Payment to Asdem Ltd. may be made by cheque, credit card or by direct bank transfer to Barclays Bank PLC, Hanover Square Corporate Banking Group, PO Box 15163H, 50 Pall Mall, London SW1A 1QD. Bank Sort Code: 20-36-47. Account Number: 40129917. IBAN Code: GB80 BARC 2036 4740 1299 17. Swift Code: BARC GB22. When paying by bank transfer please quote our invoice number.
Payment must be received prior to the seminar.
Cancellations must be received in writing by 27 August 2012 and will be subject to an administration fee of £150.00 plus VAT. It is regretted that cancellations received after 27 August 2012 cannot be accepted and your company will be liable for the full fee. Substitutions may be made at any time.
Enquiries, telephone bookings, and changes to delegate information should be made by calling +44 (0)20 7493 0973. Please inform us if you have any special dietary requirements.
CONTINUING PROFESSIONAL DEVELOPMENT
This seminar qualifies for 12 hours under the U.K. Solicitors Regulation Authority’s Continuing Professional Development scheme. Please ask if you require Asdem’s CPD reference.
Elements of the voyage charter party
Laydays – early and late arrival of vessel
Notice of readiness – valid or invalid?
Start and end of laytime
Berth reachable on arrival and safe berth
Exceptions to laytime - Comparison between charter parties
Shifting time to berth and shifting between berths
Deballasting and ballasting
Damages for detention
Crude oil washing
Letters of protest
Demurrage in FOB, CFR and CIF sales contracts
Pro rating time between different owners of the part-cargoes
Pro rata settlements of contract chains
Documentation for claims
Making a profit from demurrage claims
Companies' General Terms and Conditions
Avoiding unnecessary disputes in trading contracts
Examination of important legal cases
Arbitration and dispute resolution
Calculation of demurrage claims - Practical work on examples of:
FOB contract claim
CIF contract claim
Excess pumping-time problem
Basic and complex ship owners' claims
Checking owners' claims and finding mistakes
Deviation claim calculation
Please remember to bring a calculator!
17.00 End of Seminar
17.00 End of Seminar
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