Fundamentals of Time and Voyage Charterparties · 2018. 1. 15. · 2015-2017. Jeffrey has been a...

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Fundamentals of Time and Voyage Charterparties5 - 6 March 2018 | Singapore

Key Topics Covered• Introduction to Voyage Charters

• Introduction to Time Charters

• Shipowners’ and charterers’ duties

• Time charter delivery, duration and re-delivery

• Payment of hire and remedies for non-payment

• Employment orders

• Performance claims

• Off-hire clauses

• Voyage Chartering: laytime and demurrage

• Deviation and liberty and other clauses

Who Should Attend

Course Director

• Ship owners and managers

• Charterers including Importers, Exporters and Traders

• Shipbrokers

• Port and ship agents

• P&I personnel

• Logistics and shipping professionals

• Legal advisers, solicitors and barristers

• Freight forwarders

• Government bodies and representatives

Jeffrey Blum’s involvement in shipping and trading spans over 45 years, for more than 30 of which 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 has been a commercial claims consultant and an arbitrator since 1994. He founded his own successful shipping college in London in 2002 and since 2007 is a Visiting Professor at both the UN IMO’s World Maritime University and Shanghai Maritime University.

Participants will be expected to have little or no prior knowledge of charterparties

REGISTER TODAY! +65 6508 2401 [email protected] www.ibc-asia.com/t&vcharterparties

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 company’s goals. (8 attendees or more)

+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 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.

Fundamentals of Time and Voyage Charterparties

“Very informative and real life examples provided”~ Kristal Thian, Shipping Ops Executive, Total Oil Asia-Pacific Pte Ltd

“Useful refresher”~ Lyndon Wallis, Procurement and Shipping, CSBP Limited

“Very informative about the basics of these topics. Ideas & suggestions to assist CP review”~ Natalie Barnett, Senior Logistics & Supply Chain Officer, AEL Mining Services

“I learnt new things/ knowledge”~ Sashi Indhiran, Legal Counsel, Sumitomo Chemical Asia Pte Ltd

“Real life cases are introduced, relevant to my work and to learn and gain better understanding, detailed & comprehensive notes”~ Quek Shu Yu, Chartering / Shipbroking - Dry Cargo, KZ Maritime Pte Ltd

“Highly knowledgeable speaker, relevant course for my job”~ Yosua Iskandar, BMS Coal Sales Pte Ltd

What Past Delegates Liked About This Course

About the Course Director About the course

Jeffrey Blum’s involvement in shipping and trading spans over 45 years. He is the fourth generation of a shipping family, has been an active member of the Baltic Exchange since 1976 and has worked with a Lloyd’s underwriter and as a shipbroker, ship owner and operator, gasoil futures broker, charterer and commodities trader in London and abroad.

He achieved Fellowship of the Institute of Chartered Shipbrokers by examination in 1979 and since 1983 has served on the ICS International Controlling Council, the International Membership Committee and the UK & Ireland Zone Committee. He was on the London & South East Branch Committee from 1983 until 2017, including its Education Officer 2000 - 2015, Chairman 2005-2007 and Vice Chairman 2015-2017.

Jeffrey has been a Fellow of the Chartered Institute of Arbitrators since 1997 (Associate since 1979), is an active Supporting Member of the London Maritime Arbitrators Association (LMAA) and has been an arbitrator (both sole and tribunal) since 1994 and an expert witness since 1983. He has been on the controlling council of the International Commodity and Shipping Arbitration 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. Since 2002 he is the founder director and principal lecturer of METL (Maritime Education & Training Ltd), a college in central London which prepares examinees for the ICS worldwide exams in eight core subjects. Since 2007 he is a Visiting Professor at the UN IMO’s World 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 long-established 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.

Vessel chartering law and practice are key aspects of shipping operations which require comprehensive understanding of the commercial and legal considerations involved in charter negotiations. All players involved in charter parties, including shipowners, charterers, shipbrokers and agents, need to have a firm grasp of the complexities involved in fixing a vessel to ensure successful carriage of cargoes.

This 2 day seminar on the Fundamentals of Charterparties is designed to analyse and discuss various issues at an introductory level. The topics are an eclectic mix of the general and the specific and the commercial environment in which they are designed to operate.

The various sessions will comprise class discussions on relevant issues, hands on exercises and case studies which are designed to give delegates an edge when managing or handling their respective charterparties.


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

GENERAL INTRODUCTION

• Formation of contracts under English law

• Express and implied terms

• Warranties & conditions & innominate/intermediate terms

• The relationship between the contract of sale, the charter party and the bill of lading

• The negotiation and formation of the charter party contract

VOYAGE CHARTERS

THE SHIPOWNERS’ DUTIES

• Hague-Visby Rules: Articles 3 and 4

• To provide a seaworthy ship

• Properly and carefully to care for the cargo

• To proceed with reasonable dispatch

• Cancellation clauses

THE CHARTERERS’ DUTIES

• Provide cargoes, correctly described

• Pay freight/deadfreight/demurrage/damages for detention

• Port nominations including safe port

POST FIXTURE DUTIES

• Who is responsible for what activities?

LAYTIME AND DEMURRAGE ~ A BRIEF INTRODUCTION

• When does laytime start to run?

• What suspends laytime?

• When does laytime stop?

• Demurrage, Despatch, Damages for detention

• Reversible v Non-Reversible v Averageable

• Worked examples of Dry and Wet laytime

• Time bars

TIME CHARTERS

• Time charter duration and re-delivery• Overlap/underlap• Last Voyage Clauses• Illegitimate last voyages• Express and implied tolerances• “Without Guarantee”

PAYMENT OF HIRE:

• Methods of payment• Payment on time • Allowance for late payment: anti-technicality clause: latest law

cases• Permitted deductions

REMEDIES FOR NON-PAYMENT OF HIRE

• Withdrawal of ship from charterers’ service• Suspension of services

EMPLOYMENT ORDERS

• Employment, navigation and safety• Orders which a master must or may refuse• Who is responsible for cargo operations?• Stevedore damage issues

PERFORMANCE CLAIMS

• When is a ship underperforming?• Practical issues• What is the difference between claiming damages and off-hire?

COMMON ISSUES

PARAMOUNT CLAUSES

• Why is this clause of paramount importance ?• Which type of Paramount Clause can be used in a Bill of Lading?• Which type of Paramount Clause can be used in a charter party?

2-DAY COURSE OUTLINE

IBC Training Academy Upcoming Training Courses!

Fundamentals of Laytime and Demurrage 7 – 9 March 2018, Singapore

Container Logistics12 – 13 March 2018, Hong Kong15 – 16 March 2018, Singapore

LNG Bunkering19 – 20 March 2018, Singapore

Advanced LNG Operations22 – 23 March 2018, Singapore

DAY ONE DAY TWO


FREE

Please photocopy for additional delegates

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CREDIT CARD PAYMENTS

Credit card contact: Department:Direct phone number: Email:

• 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 Services111 Somerset Road, TripleOne Somerset #10-05Singapore 238164Attn: 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

• Payment by Credit Card (AMEX, VISA or MasterCard).The best way to pay by credit card is through our secure portalbuilt into the website. To pay by phone please indicate thecontact name and details below and our Customer ServicesTeam will call within 24 hours to take payment. Please do notsend credit card information by email.

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

HOTEL INFORMATION

• 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.

DATA PROTECTION

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 – 6 March 2018 | Singapore

5 EASY WAYS TO REGISTER

EARLY BIRD RATERegister and Pay

on or before 4 January 2018

NORMAL RATERegister and Pay

after 4 January 2018

2 Day Training Course

FEE PER DELEGATE

SGD 3,295 (SAVE SGD 200) SGD 3,495


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/t&vcharterparties 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.

[email protected]

Customer Service Hotline+65 6508 2401

Fax+65 6508 2407

Web www.ibc-asia.com/t&vcharterparties

MAIL the attached registration form with your cheque toIBC Asia (S) Pte Ltdc/o Informa Regional Business Services111 Somerset Road, TripleOne Somerset #10-05, Singapore 238164


This label contains your priority booking code. To expedite registration, please do not remove label. If you have already received a copy of this brochure, we apologise. For reasons of confidentiality, your full particulars were not available to IBC Asia (S) Pte Ltd for deduplication prior to mail drop.

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Fundamentals of Time and Voyage Charterparties · 2018. 1. 15. · 2015-2017. Jeffrey has been a...

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