Tanker Chartering, Laytime and Demurrage

maritime

Customer Service Hotline: +65 6508 2401

www.ibc-asia.com/tanker-chartering

All participants receivea Course Certificate

Special GroupSavings Available

Save up to 40%with Inhouse TrainingAttend in a team and save more!

Intensive Training Course | Limited Group Size | So Book Early!

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Tanker Chartering, Laytime and Demurrage24 – 26 July 2019 | Mandarin Orchard Hotel, Singapore

• Commonly used standard tanker forms such as Asbatankvoy and Shelltime 4

• Fixing the charter and knowing when is a binding contract made and in what terms

• Negotiating fixtures between brokers

• Understanding what ‘subjects’ are and their legal effect

• Delivery against bills of lading and letters of indemnity

• Charterparty indemnity clauses

• Safe ports and safe berths, force majeure, war and terrorism

• Delivery, final voyage and redelivery in time charters

• The nature of hire and off-hire for time charters

• Laytime, demurrage and the importance notice of readiness

• The principle of “once on demurrage, always on demurrage” and the rare exceptions

• Incorporation of charterparty clauses into bills of lading

Course Director

Key Learning Outcomes Who Should Attend

Professor Martin Davies, Member

INTERTANKO Documentary Committee

Martin is the Director of the Maritime Law Center in

Tulane University Law School, USA and has over 20

years practical experience as a Consultant in maritime

matters and general international litigation and

arbitration. He is a member of the Intertanko team that

presents the tanker chartering seminar every year.

• Tanker shipowners and charterers

• Traders

• Ship brokers

• Marine insurance and P&I personnel

• Maritime lawyers and in-house legal advisers

• Claims and cargo handlers

• Surveyors

• Salvage and recovery agents

MCF Training Grant is available for eligible participants. Please refer to www.mpa.gov.sg/mcf for information

REGISTER TODAY! +65 6508 2401 [email protected] www.ibc-asia.com/tanker-chartering

To talk through the many options available please call our training specialist: Miki Kong

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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

+65 6508 2477 [email protected]

IBC Training AcademyIBC Training Academy is the Asian training division of IBC Asia, part of the Informa Group and a public listed company

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.

Tanker Chartering, Laytime and Demurrage

“The presentation was really well prepared and the trainer kept the atmosphere fun & inspiring. Interesting mix of participants”Raymond Ho, Account Manager, Wartsila Singapore Pte

“There are quite a case studies

to explore different perspectives and participants’ opinions. Professor Davies showed a lot of true, practical events as examples, enabling our improved understanding of the tanker business market, notices of readiness”Jaslyn Ho, Planner, Sumitomo Chemical Asia Pte

“Martin gave us a lot of insights on chartering, useful for my day to day work”

Capt. Revidharan Nair, Operations Manager, Aurora Tankeers Management

“Topics covered at this programme are highly relevant to what I do on daily basis. Martin communicates clearly especially on ship arrest procedures across different countries, specifically the procedure of security claim prior to arbitration and local laws where I intend to apply”Ramesy Chand Meena, Operations Manager, IMC Shipping Co Pte Ltd

“The course director was very well prepared. The programme offered not just a comprehensive set of different countries’ laws but more importantly the examples. Case studies are well-updated”Andrea Tassam, Chartering and Fleet Operations Manager, Wellard Ships Pte

What Past Delegates Like About Course

About the Course DirectorProfessor Martin Davies, MemberINTERTANKO Documentary Committee

Martin Davies, Admiralty Law Institute Professor of Maritime Law and Director of the Maritime Law Center, Tulane University Law School, USA; Consultant to Sutherland, Asbill & Brennan (USA), Blake Dawson (Australia) and Navin & Co (Singapore).

Martin Davies is author (and co-author) of text books on maritime law, international trade law, conflict of laws, and the law of torts. He has taught maritime law at universities in the United States, Australia, Singapore and Italy. He frequently speaks at conferences and seminars around the world. He also has extensive practical experience as a consultant in maritime matters and general international litigation and arbitration.

Martin has advised on cargo claims, arrest and admiralty matters, drafting bills of lading, sea waybills and charterparties, collisions and limitation of liability, oil pollution, salvage, marine insurance, maritime arbitrations and international sale of goods. He is a member of the Documentary Committee of Intertanko and is a member of the Intertanko team that presents a tanker chartering seminar every year.

About the CourseTanker Chartering, Laytime and Demurrage is a 3-day comprehensive masterclass that offers an indepth analysis on the contractual and legal framework behind quality tanker operations and an assessment of the tools necessary to manage these contracts in today’s highly volatile shipping market.

This course will cover common issues in tanker chartering and will provide practical case studies, insights and remedies to these issues.This course is especially relevant for those who deal in tanker chartering and operations in their daily work such as shipowners, charterers, shipbrokers, traders, P&I personnel, claims and cargo handlers, and maritime lawyers.

Attending• Gain a deeper understanding of the contractual

framework of tanker charterparties and clauses, and its complexities

• Know the problems arising from its negotiation and beequipped with solutions on how to manage it

• Improve your bottom line by knowing contemporaryissues in the tanker market and its liabilities to yourbusiness

• Be updated on the legal trends and latest developments associated with tanker chartering

• Interact with your peers in the industry and learn fromtheir experiences in addressing issues surroundingtanker chartering

• Analyse case studies, consider alternative solutions,and evaluate different contractual options based on the need of the hour

Explanation of Timings: These times act as a guide and may be modified slightly 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.

Course Registration: 8:30amCourse Commencement: 9:00amCourse Conclusion: 5:00pm

COURSEOUTLINE


3-DAY COURSE OUTLINE

IBC Training Academy Upcoming Events!

Shipbroking & Chartering17 - 18 June 2019, Singapore

Advanced Bills of Lading19 - 20 June 2019, Singapore

Ship Arrest22 - 23 July 2019, Singapore

Ship Finance, Sales & PurchaseJuly 2019, Singapore

Shipping Law and Contract Fundamentals9 - 10 September 2019, Singapore

Maritime Cybersecurity26 - 27 September 2019, Singapore

Contract Law for Non-Lawyers14 - 15 October 2019, Singapore

Charterparty Negotiation28 - 29 October 2019, Singapore

FIXING THE CHARTER (TV)

• When is a binding contract made and in what terms?

• Negotiations between brokers

• The legal effect of “subjects”

• The difference between qualifying the intention to be bound fromqualifying the obligation to perform

SAFE PORTS, SAFE BERTHS (TV)

• The elements of the legal definitio of safety

• The nature of the obligation: absolute warranty or due diligence?

• The consequences of unsafety

FREEZING INJUNCTION COMPARED WITH SHIP ARREST

• The main differences

• What to use when

• Limitations and advantages of each

CASE STUDY SESSION 1:

CASE STUDY ON SAFE PORT AND ASSESSMENT OF DAMAGES

FORCE MAJEURE, WAR AND TERRORISM (TV)

• War risk clauses

• Force majeure clauses

• ISPS Code clauses

• The effect of not providing for changed circumstances

DELIVERY: BILLS OF LADING, LETTERS OF INDEMNITY,CHARTERPARTY INDEMNITY CLAUSES (TV)

• The consequences of delivering without presentation of original bills

• of lading

• Methods of protection against those consequences

• The risks faced, despite the methods of protection

• Allocation of those risks


CASE STUDIES ON PIRACY AND DELIVERY WITHOUT ORIGINAL BILLS OF LADING

CONDITION AND DESCRIPTION OF THE VESSEL (T)

• Vetting clauses, inspections, SIRE

DURATION OF THE CHARTER, DELIVERY AND REDELIVERY (T)

• Overlap/underlap and the concept of the legitimate last voyage

• Damages for late redelivery

• Extending beyond the voyage beyond the final terminal date

• Adding off-hire periods to the period of the charter


CASE STUDY ON CONDITION OF THE VESSEL UNDER TIME CHARTER

HIRE AND OFF-HIRE (T)

• When are deductions from hire permitted?

• Withdrawal for non-payment of hire and the effect of “antitechnicality”

• Clauses

• Different types of off-hire clauses:

• Period clauses v. net loss of time clauses


CASE STUDY ON WITHDRAWAL FOR NON PAYMENT OF HIRE AND ANTI-TECHNICALITY CLAUSES

LAYTIME AND DEMURRAGE (V)

• When can a ship give effective notice of readiness (NOR)?

• Cancelling for late arrival: the lay/can period

• Exceptions to the running of laytime and demurrage

• Is it true that “once on demurrage, always on demurrage”?


CASE STUDIES ON LAYTIME AND DEMURRAGE

“Really informative and helpful for my work. Professor Davies’ presentation is clearly mapped-out and systematically prepared”

Chong Jinn May, Senior Legal Counsel, Keppel Offshore and Marine


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• Payment by bankers draft or cheque in S$ or US$ should bemade in favour of “IBC Asia (S) Pte Ltd” and mailed to:IBC Asia (S) Pte Ltdc/o Informa Regional Business Services103 Penang Road, #04-01 Visioncrest Commercial,Singapore 238467Attn: The Accounts Receivable Team

• Payment by bank transfer in S$ or US$ made payable to:IBC Asia (S) Pte LtdA/C No.:147-059513-001 (S$)A/C No.:260-457866-178 (US$)The Hongkong and Shanghai Banking Corporation Limited21 Collyer Quay, HSBC BuildingSingapore 049320Bank Swift Code: HSBCSGSGBank Code: 7232

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Payment must be received 10 business days prior to the event. Totake advantage of discounts with an expiry date, registration andpayment must be received by the cut-off date.

PAYMENT TERMS

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The personal information entered during your registration/order,or provided by you, will be held on a database and may be sharedwith companies in the Informa Group in the UK and internationally.Occasionally, your details may be obtained from or shared withexternal companies who wish to communicate with you offersrelated to your business activities. If you do not wish your detailsto be used for this purpose, please contact our Database Departmentat Email: [email protected], Tel: +65 6508 2400 or Fax:+65 6508 2408.

CANCELLATIONS / SUBSTITUTIONShould you be unable to attend, a substitute delegate is welcomeat no extra charge. Cancellations must be received in writing atleast 10 business days before the start of the event, to receive arefund less 10% processing fee per registration. The companyregrets that no refund will be made available for cancellationnotifications received less than 10 business days before the event.

IMPORTANT NOTEPlease quote the name of the delegate, event title and invoicenumber on the advice when remitting payment. Bank charges areto be deducted from participating organisations own accounts.Please fax your payment details (copy of remittance advice, chequeor 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 ensureall details are as published. IBC assumes no further liability orobligation, beyond the refund of the paid registration fee, in theevent of postponement or cancellation by IBC.

5 EASY WAYS TO REGISTER

[email protected]

Customer Service Hotline+65 6508 2401

Fax+65 6508 2407

Webwww.ibc-asia.com/tanker-chartering

MAIL the attached registration form with your cheque toIBC Asia (S) Pte Ltdc/o Informa Regional Business Services103 Penang Road, #04-01 Visioncrest Commercial, Singapore 238467

Tanker Chartering, Laytime & Demurrage

RESERVE YOUR PLACE TODAY!Mandarin Orchard Singapore, by Meritus333 Orchard Road, Singapore 238867Tel: +65 6831 6062 | Fax: +65 6737 3130Mobile No.: +65 8298 9442Contact Person: Tan Ai Li(Assistant Director Of Business Development, Catering Sales)Email: [email protected]: www.meritushotels.com

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• Special Group Discount pricing is applicable to groups of 2 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 the 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.

24 – 26 July 2019 | Mandarin Orchard Hotel, Singapore

EARLY BIRD RATERegister and Pay

on or before 24 May 2019

NORMAL RATERegister and Pay

after 24 May 2019

3 Day Training Course

FEE PER DELEGATE

SGD 4,095 (SAVE SGD 200) SGD 4,295

Tanker Chartering, Laytime and Demurrage

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/tanker-chartering 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.

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Tanker Chartering, Laytime and Demurrage