About corse
In the complex world of shipping and logistics, understanding the intricacies of laytime and demurrage is essential for professionals engaged in international trade. This course delves into the critical concepts surrounding laytime calculations, the implications of demurrage, and the strategies for effective management. Participants will explore real-world case studies and engage in practical exercises that illuminate the financial impact of these two pivotal terms in maritime operations. Through expert-led discussions, attendees will gain insights into industry best practices and the legal frameworks governing shipping agreements. The training aims to equip professionals with the knowledge and skills necessary to navigate the challenges posed by laytime and demurrage. By fostering a deeper comprehension of contractual obligations and the nuances of time management, this course prepares participants to make informed decisions that enhance operational efficiency and mitigate financial risks. With a focus on interactive learning and collaborative problem-solving, attendees will leave with actionable strategies that can be implemented within their organizations. This course is tailored for individuals looking to sharpen their expertise in shipping operations and maximize their contributions to their respective fields.The Objectives
- Understand the concepts of laytime and demurrage.
- Analyze the financial implications of delays in shipping.
- Learn to calculate laytime accurately.
- Develop strategies for managing demurrage effectively.
- Gain insights into legal aspects and contractual agreements.
- Enhance decision-making skills in shipping operations.
Training Methodology
- Interactive lectures and presentations.
- Case studies and group discussions.
- Practical exercises and calculations.
- Role-playing scenarios to simulate real-world challenges.
- Q&A sessions with industry experts.
- Continuous assessment through quizzes and feedback.
WHO SHOULD ATTEND
- Shipping and logistics professionals.
- Supply chain managers and coordinators.
- Contract managers and procurement specialists.
- Legal advisors in maritime operations.
- Finance professionals in shipping companies.
- Anyone involved in international trade and shipping agreements.
Course Outlines
Day 1- Introduction to Laytime and Demurrage
- Key Terms and Definitions
- Importance in Shipping Operations
- Overview of Relevant Regulations
- Stakeholders Involved
- Case Study: Laytime Calculations
- Types of Laytime
- Laytime Calculations: Methods and Techniques
- Factors Affecting Laytime
- Practical Exercises on Calculation
- Common Disputes and Resolution Strategies
- Group Discussion: Experiences with Laytime
- Understanding Demurrage: Definition and Purpose
- Financial Impact of Demurrage
- Demurrage Rates and Agreements
- Calculation Methods for Demurrage
- Case Study: Managing Demurrage Charges
- Q&A Session: Demurrage Scenarios
- Legal Framework Governing Laytime and Demurrage
- Key Clauses in Shipping Contracts
- Analyzing Standard Contract Forms
- Practical Exercise: Contract Review
- Risk Management Strategies
- Group Discussion: Legal Challenges
- Best Practices for Laytime Management
- Techniques to Minimize Demurrage Costs
- Effective Communication with Stakeholders
- Role of Technology in Management
- Case Study: Successful Laytime Management
- Q&A: Implementing Best Practices
Training Method?
- Pre-assessment
- Live group instruction
- Use of real-world examples, case studies and exercises
- Interactive participation and discussion
- Power point presentation, LCD and flip chart
- Group activities and tests
- Each participant receives a copy of the presentation
- Slides and handouts
Training Method?
The course agenda will be as follows:- Technical Session 30-10.00 am
- Coffee Break 00-10.15 am
- Technical Session 15-12.15 noon
- Coffee Break 15-12.45 pm
- Technical Session 45-02.30 pm
- Course Ends 30 pm
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6600 GBP$
20 hours
Madrid , Spain
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