Demurrage And Laytime Master Class
COURSE CODE
PMA-612
DELIVERY
In-class / Virtual / Workshop
DURATION
3-5 Days
VENUE
DUBAI HUB
CREDELTIALS
IFFA Certification
COURSE SCHEDULE
T.B.A
COURSE FEES
USD 3,200
Demurrage and Laytime
This Master Class addresses laytime calculation, demurrage exposure, and delay management in tanker and bulk carrier operations. It focuses on claim documentation, notice validity, dispute prevention, and financial impact management within commercial shipping environments.
Course Objectives
- Understand laytime calculation principles
- Examine NOR validity requirements
- Identify common delay dispute triggers
- Review demurrage claim documentation standards
- Analyze financial exposure from port delays
- Strengthen claim monitoring systems
Learning Outcomes
- Evaluate laytime exposure before fixing
- Improve demurrage claim defensibility
- Minimize delay-related financial losses
- Apply consistent claim documentation practices
- Strengthen commercial time management controls
Target Audience
- Demurrage Analysts
- Chartering Managers
- Operations Executives
- Claims Administrators
- Commercial Controllers
Core Modules
- Module 1: Laytime Definitions and Principles
- Module 2: Notice of Readiness Validity
- Module 3: Laytime Calculation and Documentation
- Module 4: Demurrage and Despatch Mechanics
- Module 5: Tanker and Bulk Delay Scenarios
- Module 6: Claim Submission Standards
- Module 7: Dispute Resolution and Evidence Handling
- Module 8: Financial Impact Assessment of Delays
