Demurrage can lead to a significant loss the bottom line so how can charterers minimize their exposure to such risk?

Demurrage Masterclass 25-27 September 2013, Dubai, UAE; 23-25 October 2013, Singapore

A successful negotiation of laytime and demurrage can contribute substantially to an organization’s profitability. However if disputes related to them are not managed effectively, can lead to a significant loss  by charterers and shipowners and ultimately impact their bottomline.

This comprehensive masterclass provides both an overview and in-depth discussions of laytime calculations, tanker charter party clauses, and issues associated with laytime and demurrage. It expands on both the common and not so common issues associated with demurrage.

Delegates will also learn to minimise their demurrage exposure and maximise on demurrage collection with reviews of case law that determines successful demurrage resolution.

This masterclass is packed with practical exercises that will allow delegates to develop or enhance their demurrage knowledge and skill. Whether you are new to handling laytime and demurrage matters, seeking a refresher, or you would like a better understanding of the subject, this masterclass is for you.

Your expert trainer has been in the oil and shipping industry for more than 30 years, during which time he has held positions in procurement, oil trading and tanker operations, supply logistics, refinery throughput planning, gas field production and marketing, shipbroking, vessel agency and until 2008 in demurrage and claims management. He has participated in a number of industry forums and served on North Sea oil and pipeline management and pricing committees. He started his career with BP holding positions in procurement, trading and supply logistics and operations and refinery throughput planning. After 11 years with BP, he left to take up a position with a Middle East Shipping Agency based in Bahrain, where he jointly headed up the tanker agency team responsible for Bahrain and neighbouring Saudi Arabia. Returning to the UK he subsequently held positions in oil trading, shipbroking and north sea oil exploration and production.

 

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