About the seminar

The basic principle of laytime and demurrage is… "your delay, my cost"! When we talk about these concepts, we refer to voyage charterparties.

Laytime means the period of time agreed between the parties during which the shipowner will make and keep the vessel available for loading or discharging without payment additional to the freight. Whereas demurrage, means an agreed amount payable to the shipowner in respect of delay to the vessel beyond the laytime for which the shipowner is not responsible. Demurrage shall not be subject to laytime exceptions. Finally, dispatch shall mean an agreed amount payable by the owner if the vessel completes loading or discharging before the laytime has expired.

Important elements in the law and practice of laytime are the notice of readiness, the statement of facts, and the “arrived ship” notion.

In the covid era time will count from tender of a valid notice of readiness (NOR) in the usual way in any port affected by Covid-19. NOR indicates that the vessel has arrived and is ready to load. If there are then restrictions in place e.g., lack of free pratique or other exceptions to laytime, they will apply in the usual manner. Tanker charters contain varying provisions with regard to whether free pratique is required prior to tender of NOR and/or if NOR is rendered invalid if free pratique is not granted shortly after tender of NOR (in many cases within six hours).

Charterparty clauses, laws and case studies are used in order for the participant to understand what is required in handling such cases. A truly in-depth analysis of laytime and demurrage procedure.

The seminar has been meticulously crafted by our dedicated WMA Education Team, working collaboratively to bring you a comprehensive and cohesive learning experience. To ensure consistency and a unified approach, we have opted for a singular voice throughout the seminar. The voice of the WMA Education Team will be guiding you through the seminar with the assistance of advanced voice synthesis technology. This cutting-edge approach allows us to provide you with a seamlessly delivered and clear presentation.

The self-assessment process is not compulsory and is designed to maximize your learning experience and help you track your progress throughout the seminar. Here's how it works:

Before the Seminar: Initial Self-Assessment (optional)

You will start with a 30-question quiz to gauge your current knowledge and understanding of the topic. This step helps you identify your strengths and areas for improvement, giving you a clear baseline before diving into the seminar material. It takes approximately 30 minutes to complete and sets the stage for a focused and impactful learning experience.

After the Seminar: Post-Seminar Self-Assessment (optional)

Once you’ve attended the seminar, you’ll complete a comprehensive evaluation to consolidate and apply what you’ve learned. This includes:

1. 4 Sets of Quiz Questions (42 questions total): These quizzes revisit key concepts covered during the seminar, ensuring you’ve grasped the material. They take around 42 minutes to complete.
2. 3 Short Case Studies (with 24 Quiz Questions total): You'll analyze real-world scenarios through short case studies, followed by related quiz questions to test your ability to apply knowledge in practical situations. Expect to spend about 36 minutes on this section.

Why This Approach?

This structured self-assessment approach:

• Before the seminar: Helps you identify your starting point and focus your learning.
• After the seminar: Reinforces your understanding, highlights your progress, and gives you confidence in applying the knowledge to real-world contexts.