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nd

Learn how to reduce disputes and maximise charter profits

CERTIFICATE IN

and case studies

Commences:

ESSENTIAL LEGAL KNOWLEDGE AND PRACTICAL SKILLS FOR BOTH WET AND DRY CARGOES

31st January 2012

Enrolling now

DELIVERED BY DISTANCE LEARNING OVER 12 WEEKS

Course Programme
1 2 3 4 5 6 Introduction and Context Defining Laytime Calculating Laytime Demurrage, Detention and Despatch Calculating Demurrage Laytime, Demurrage and Despatch in Practice
COURSE DIRECTOR: Katerina Konsta Dip Fin, BSc, MSc, PhD (cand)
Shipping Consultant, Cosmos Shipping SA

demurrage

IDEAL FOR:

I I I I I I I

Charterers and chartering agents; brokers, traders and distribution managers Shipping company professionals in supply, operations and risk management Employees starting or moving into the shipping divisions of oil and bulk operators Ship owners, fleet managers, port and terminal supervisors Bankers, accountants and advisors involved in shipping finance Legal and insurance professionals dealing with commodity transportation issues Personnel in trading, distribution and logistics companies transporting goods by sea
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SAVE up to 40% and improve performance
with cost-effective tailored in-company courses for groups call +44 (0)20 7017 4555 or email [email protected]

Enquiries Tel: +44

(0)20 7017 4237

Visit: www.lloydsmaritimeacademy.com/ld
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A clear explanation of the legal complexities around laytime and

LAYTIME & DEMURRAGE

calculation and negotiation, with plenty of examples

Practical guidelines on

Dear Colleague,
The expression time is money is never more true than in the case of shipping charterparties. These formal agreements contain clauses providing for the time allowed for loading and discharging cargo, and the penalties to be paid if this time is exceeded. These two aspects of charterparties laytime and demurrage are critical in determining the financial outcome of voyages carrying cargoes, both wet and dry. A detailed understanding is required to maximise the profits of vessel owners and charterers, and to resolve the disputes which can arise. The Certificate in Laytime and Demurrage gives a thorough introduction and detailed overview of the fundamental concepts and practices of these two critical clauses. Starting with a firm foundation in key legal concepts and contractual practices, the course shows how to define and calculate laytime and demurrage, with step-by-step guides for both tanker and dry cargo charters. Your faculty members have years of academic and industry experience behind them, and it is this blend of essential theory with hands-on application which sets the programme apart. A core of legal and contractual knowledge is complemented by current case studies written by highly experienced industry practitioners. Designed for newcomers to the field, as well as those wanting to refresh or formalise knowledge gained on the job, this certificate delivers the skills and knowledge you need to succeed in maritime trade. Share experiences and exchange knowledge with your fellow students from around the world, representing ship owners and charterers, ports and terminals, legal, financial and insurance professionals. Your distance learning experience will be supported online by expert tutors, on hand to guide you through the modules and answer your questions. You can download the course materials to study at a time which suits you, allowing you to fit your education around your work and other commitments. Online tests allow you to check your understanding of each of the six modules until the course ends on the 24th April which is the last day website access will be available. The unique blend of downloadable study modules, expert tutorial support and peer interaction via a dedicated online forum will deliver a thorough and practical understanding of laytime and demurrage, helping you navigate the intricacies of these clauses with confidence. I very much look forward to welcoming you onto the course.

STUDYING BY DISTANCE LEARNING WITH LLOYD'S MARITIME ACADEMY

Katerina Konsta Course Director Shipping Consultant
Enjoy the full benefits of studying within your current and evolving circumstances, using this freedom and flexibility to your advantage. As a student, you receive a unique username and password to access the dedicated course website from wherever you have an internet connection. Modules are released online one every two weeks over the 12 week duration of the course. They can be downloaded as PDF files and you can save them to your computer as well as print them out to study whilst youre on the move. Assessment is through online tests to check your understanding at the end of each module. All tests must be completed by the end of the course. Tutor support is provided via the online discussion board where students can also network with their peers. Upon successful completion of all the tests you will be awarded a certificate of completion from Lloyd's Maritime Academy which may be used for CPD purposes. You can set the pace at which you learn applying your newly acquired knowledge, skills and expertise to your work straightaway. For more information about how distance learning will work for you, please visit the course website and click on the About Distance Learning tab.

COURSE DIRECTOR
Katerina Konsta Dip Fin, BSc, MSc, PhD (cand)
Katerina was previously Head of the Shipping, Transport and Logistics department at BCA College in Athens (Greece) which collaborates with London Metropolitan University (UK). Her extensive teaching experience has been gained at various colleges and universities, lecturing on undergraduate courses in shipping, maritime business and related subjects. She also has many years experience as an industry consultant, working in Greece and the UK on varied projects in national and international shipping and logistics. Katerina holds a degree in Maritime Business with Maritime Law from the University of Plymouth (UK). Prior to this, she studied Business & Finance at North Hertfordshire College (UK). Her postgraduate studies include International Shipping at the University of Plymouth (UK) and Maritime Studies with International Transport at the University of Piraeus (Greece). Katerina is also a member of the International Association of Maritime Economists (IAME), Womens International Shipping & Trading Association (WISTA) and Hellenic Association of Maritime Economists (HAME). Her area of research focuses on shipping policy and strategy, logistics, freight analysis and vessel sale and purchase. She is the author of articles and papers in a range of magazines and newspapers as well as being a reviewer for the Maritime Policy & Management Journal. She is a respected participant in various shipping and logistics conferences and forums.

DELIVERED BY
Lloyd's Maritime Academy has for over 30 years provided training programmes for the maritime and transport industry. Through face-to-face seminars, bespoke training and distance learning courses, Lloyd's Maritime Academy enables career enhancement and progression regardless of work commitments or location. www.lloydsmaritimeacademy.com
Lloyd's and the Lloyd's Crest are the registered trademarks of the Society incorporated by the Lloyd's Act 1871 by the name of "Lloyd's.

COMPANIES THAT HAVE ALREADY BENEFITED FROM LLOYDS MARITIME ACADEMY CHARTERING PROGRAMMES INCLUDE:
Alcotra SA Atlas Chemical Tankers AS Barry Rogliano Salles Belarusian Potash Company Belgo-Iberian Maritime NV Burrem Engergy Shipping Cargill International SA Carnival UK CSL International Devonia Shipping Donnelly Tanker Management Euro Enterprise Far Eastern Shipping Company Fayette International Holdings Gard AS GB Shipping & Chartering Havrico Insurance SA Intershipping Ltd Kineta Minerals & Metals Ltd Knock Tankers Ltd Kuwait Petroleum (KPC) Levant Oil International Lister Europe ltd Litasco M&C Chrysanthou Marine Services Ltd Malaysia Darul Jaya Maritax Law Office Marvel International Management and Transportation Co Mikael Lund Shipping National Shipping Corporation Navi Chartering Neste Shipping Oy Nigerian Oil Company Pakistan National Shipping Port Balchik SA PTSC Marine Co, Ltd Qatar Petrolium RasGas Company Ltd Ribex Maritime Safety First INC Saint-Gobain Pipeline (China) Sakhalin Shipping Company Scottishpower ST Shipping and Transport Stolt Nielsen Transportation Group Tergran Trade Line LLC Transammonia AG UN World Food Programme UPT United Product Tankers UTC Overseas Inc Vela International Marine Ltd Western Bulk Pte Ltd World Waves Shipping Co

For more information tel: +44 (0)20 7017 4237

COURSE SYLLABUS
Module One Module Four

Introduction and Context

Key terms and concepts Background to chartering - Types of charterparty Legal framework Key charterparty clauses - Tanker charterparties - Dry charterparties - Special clauses Laytime and freight rate Katerina Konsta Dip Fin, BSc, MSc, PhD (cand) Shipping Consultant, Cosmos Shipping SA Module Two

Demurrage, Detention and Despatch

Relevant fundamentals of contract law Demurrage Damages for detention Despatch Stoppage and termination of demurrage Deadfreight Liability for demurrage Practical examples - Despatch payable on working time saved - Despatch payable on all time saved Dr Evi Plomaritou Shipping Consultant in Chartering and Marketing Module Five

INTERESTED IN A CORPORATE OR CUSTOMISED DELIVERY OF THIS COURSE?

This course can be delivered directly to your company or organisation by distance learning or instructor led workshops whilst including a range of additional benefits to meet your specific business objectives: Customised delivery - additional company focused content, case studies and examples Blended learning - incorporating workshops, online tutoring, additional assessment and skills training Flexibility - scheduled to suit your requirements Support - dedicated staff providing required progress reporting To find out more about the benefits of Corporate Training and how distance learning can be a cost effective means of achieving your training goals, telephone +44 (0)20 7017 4455 or email [email protected].

Defining Laytime
Types of laytime - Fixed - Customary - Rates of cargo - Worldscale Commencement of laytime - Arrived ship - Readiness - Wet vs. dry cargo Interruptions and exceptions Completion of laytime Averaging and reversing laytime Katerina Konsta Dip Fin, BSc, MSc, PhD (cand) Shipping Consultant, Cosmos Shipping SA Module Three

Calculating Demurrage
The effect of charterparty terms - Shipowners clauses - Charterers clauses Basic calculations Time bar clauses Termination of demurrage Collecting demurrage and despatch Balance payment clauses Insurance Ioanna N. Pentheroudakis Managing Director, Cosmos Shipping SA Module Six

OTHER COURSES AND EVENTS

Distance Learning
Postgraduate Diploma in Maritime Law October 2011 Foundation Diploma in Admiralty Law & Practice December 2011 Foundation Diploma in Tanker Charterparties December 2011 Foundation Diploma in Time Charterparties December 2011 Foundation Diploma in Voyage Charterparties December 2011 Diploma for the Ship Agent February 2012 Certificate in Marine Salvage Law February 2012 Certificate in Chartering April 2012
www.lloydsmaritimeacademy.com/distancelearning

Calculating Laytime
Tankers Dry cargo Step-by-step guides - Statement of facts - Timesheets Multiple charters Case studies and practical examples - Sundays and Holidays Excepted Unless Used (SHEX UU) and Weather Working Days (WWD) - Sundays and Holidays Excepted (SHEX) and Weather Working Days (WWD) - Time lost in waiting for berth to count as loading or discharging time, as the case may be Dr Evi Plomaritou Shipping Consultant in Chartering and Marketing

Laytime, Demurrage and Despatch in Practice

Wet cargoes: case studies and practical examples - Time sheets - Demurrage calculation - Despatch calculation Dry cargoes: case studies and practical examples - Time sheets - Demurrage calculation - Despatch calculation Supporting documentation - Statement of facts - Notice or readiness - Bills of lading Resolving disputes - Arbitration case study Demurrage litigation Charterparty negotiation simulation - Voyage outcome - Time sheet Ioanna N. Pentheroudakis Managing Director, Cosmos Shipping SA

Seminars
Bills of Lading Masterclass November 2011 Ship Finance School November 2011 Background to Shipping November 2011
www.lloydsmaritimeacademy.com/seminars

TERMS AND CONDITIONS

1. APPLICATIONS To apply for a place on the Course (as defined below) either complete the relevant application form (Application Form) or apply online. Your application is an offer to Lloyds Maritime Academy (a trading division of IIR Limited) (LMA) to study on the course as set out in the Application Form (the Course) which is subject to LMAs (and any associated academic partners) acceptance. A binding contract between LMA and you will only be formed when written confirmation of acceptance (which may be sent by email) is sent by LMA to you. 2. PAYMENT You must pay to LMA the fees set out in the Application Form. Payment of any invoice must be received by LMA, in full and in cleared funds, within 30 days of the invoice being issued or by at least one week prior to the start of the Course, whichever is sooner. Please note that non-payment of fees will result in the withholding of any Course materials due to be provided as part of the Course (the Course Materials) and LMA may charge you interest on any overdue fees at the rate of 2% per annum above National Westminster Bank Plcs base lending rate from time to time. You may pay by (i) a cheque made payable to IIR Ltd; (ii) Visa, MasterCard, Diners Club or American Express; or (iii) bank transfer. 3. TAXES The fees stated are exclusive of any applicable VAT, sales, service or similar taxes (which will be charged, where applicable, at the appropriate rate as at the date of invoice). Where payment is subject to a withholding tax the student will apply the reduced rate under the appropriate double tax treaty, if applicable, and agree to provide LMA with a certificate of tax deduction within three months of payment. If a certificate of tax deduction is not provided within three months, you will become immediately liable to pay the outstanding amount. 4. PARTICIPANT CANCELLATION POLICY You may cancel your place on the Course by giving notice in writing to the Course Administrator up to (and including) 7 days from the date LMA confirms your acceptance to the Course in accordance with Condition 1 and you will not be liable for the payment of any fees and any fees already paid to LMA for the Course will be refunded. If LMA receives your notice of cancellation 8 days or more from the date LMA has confirmed your acceptance to the Course you will still receive a refund of your fees already paid to LMA, subject to payment by you to LMA of a 175 cancellation fee to cover administrative costs (which shall be payable immediately upon your cancellation), provided such notice of cancellation is received by LMA before the first day of the Course. LMA regrets that no refunds can be given for any cancellation notice it receives on or after the first day of the Course and, in such circumstances, the full fees remain payable by you to LMA. 5. COURSE CANCELLATION, RE-SCHEDULING AND ALTERATIONS LMA reserves the right to cancel or change the dates of the Course. LMA may offer you the option of participating in any re-arranged comparable Course that LMA chooses (in its sole discretion) to organise. If you choose not to participate in any re-arranged Course or if LMA does not organise such a Course then you will (as your sole remedy) be entitled to receive either a credit note or a refund in respect of the fees received from you by LMA. LMA reserves the right to make non-material alterations and/or amendments to the Course as in its reasonable opinion it considers to be in the best interest of the Course (including, without limitation, any non-material alteration to the Course or the scope of the Course) without liability. 6. INTELLECTUAL PROPERTY LMA owns or is licensed all intellectual property rights in the Course and Course Materials. You acknowledge and agree that any Course Materials which are provided to you may only be used solely for your own private, non-commercial use. You may not reproduce, transmit, distribute, resell, sub-license, rent, lease, transfer or attempt to assign the rights in or commercially exploit or use the Course Materials, alter or create derivative works from the Course Materials or otherwise use or exploit the Course Materials other than as expressly permitted in this Condition 6. 7. ENTIRE AGREEMENT You and LMA (the Parties) acknowledge that these terms and conditions, together with your application form, constitute the entire agreement between the Parties Agreement) in relation to the Course and that neither Party relies upon any oral or written representation made to it by the other Party. No variation of this Agreement shall be effective unless made in writing signed by or on behalf of each of the Parties to this Agreement. 8. GOVERNING LAW AND JURISDICTION This Agreement will be governed by the laws of the England and disputes under or in connection with them shall be subject to the non-exclusive jurisdiction of the English courts. 9. LIMITATION OF LIABILITY LMAs liability for losses you suffer as a result of LMA breaching this Agreement or otherwise in connection with the Course is limited to those losses that are a foreseeable consequence of LMA breaching this Agreement. Losses are foreseeable where they could be contemplated by you and LMA at the time LMA accept you onto the Course. To the extent that LMA is liable for such losses, LMAs total liability will only extend to the fees paid by you to LMA under the Agreement. In addition, LMA shall not be responsible for any indirect losses which happen as a side effect of the main loss or damage and which are not foreseeable by LMA. For the avoidance of doubt, nothing in this section 9 shall seek to limit or exclude LMAs liability for: (i) death or personal injury resulting from negligence or (ii) fraud or fraudulent misrepresentation; (iii) any breach of LMAs obligations implied by section 12 of the Sale of Goods Act 1979 or section 2 of the Supply of Services and Services Act 1982; (iv) any losses for which it is prohibited by section 7 of the Consumer Protection Act 1987 to limit liability; or (v) any other matter for which it would be illegal or unlawful for LMA to exclude or attempt to exclude its liability. 10. SEVERANCE If any provision of this Agreement (or any part of any provision) is found by a court or other authority of competent jurisdiction to be invalid, illegal or unenforceable, that provision or part-provision shall, to the extent required, be deemed not to form part of this Agreement and the validity and enforceability of the other provisions of this Agreement shall not be affected. 11. WAIVER No failure by either Party in exercising any right, power or remedy shall operate as a waiver of the same. 12. FORCE MAJEURE LMA shall not be deemed to be in breach of this Agreement or otherwise be liable to you as a result of any delay or failure to perform its obligations if and to the extent that such delay or failure is caused by a force majeure event (this means any event arising that is beyond the reasonable control of LMA, including but not limited to, any industrial dispute, health scares or epidemics, tutor, consultant or participant cancellation or withdrawal, venue damage or cancellation, governmental regulations or action, fire, flood, disaster, civil riot, acts of terrorism or war). If the period of delay or non-performance continues for 3 months, either party may terminate this Agreement by giving 14 days' written notice to the other party and any fees already paid to LMA for the Course will be refunded. 13. DATA PROTECTION AND CALL MONITORING Personal data supplied is subject to the Data Protection Act 1998. The personal information shown on the application form, and/or provided by you, will be held on a database and may be shared with companies in the Informa Group in the UK and internationally. This information may be used for direct marketing purposes. If you do not wish your details to be available to companies in the Informa Group, please contact the Database Manager, tel: +44 (0)20 7017 7077, fax: +44 (0)20 7017 7828, email: [email protected]. Occasionally your details may be obtained from, or made available to, carefully selected external companies for marketing purposes. If you do not wish to receive details about their products and services, please contact the Database Manager. Registered in England No.1835199. VAT registration number GB 365 4626 36. IIR Ltd. Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK. Telephone calls to IIR Ltd may be recorded or monitored to check the quality of the service provided

Apply online at www.lloydsmaritimeacademy.com/ld

CERTIFICATE IN LAYTIME & DEMURRAGE

DELIVERED BY DISTANCE LEARNING OVER 12 WEEKS
Commences 31st January 2012

VIP CODE:
FLP2228EMAG

LMA//SW/KAR/LS/TR/TR

Course Code

5 EASY WAYS TO REGISTER

FLP2228
Enrol now for practical tips on defusing disputes and maximising charter profits!

Online: www.lloydsmaritimeacademy.com/ld Tel: +44 (0)20 7017 4237 Fax: +44 (0)20 7017 7854 Email: [email protected] Mail: Lloyd's Maritime Academy 6th Floor, 29 Bressenden Place London SW1E 5DR
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STEP 1: WORK OUT THE PRICE (please tick option)

Certificate in Laytime & Demurrage UK Individual or UK Company EU Individual or EU non-VAT Registered Company EU VAT Registered Company (VAT number must be quoted in Step 2 below to qualify) Individual or Company outside the EU Book on or before 2nd December 2011 I 1899 + VAT @ 20% (379.80) = 2278.80 I 1899 + VAT @ 20% (379.80) = 2278.80 I 1899 (No VAT to pay) I 1899 (No VAT to pay) Book after 2nd December 2011 I 1999 + VAT @ 20% (399.80) = 2398.80 I 1999 + VAT @ 20% (399.80) = 2398.80 I 1999 (No VAT to pay) I 1999 (No VAT to pay)

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STEP 2: PARTICIPANT DETAILS Please photocopy form for multiple bookings STEP 2: PARTICIPANT DETAILS Please photocopy form for multiple bookings
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Participants who do not pay with their booking are requested to provide a copy of bank transfer/credit card/cheque details to help payment allocation. For further information on payment details call Customer Services on +44 (0)20 7017 5510 or email: [email protected]

Lloyd's Maritime Academy is part of IIR Ltd Registered in England No 1835199. Registered Office: Mortimer House, 37-41 Mortimer St, London W1T 3JH. VAT Registered No. (GB) 365 4626 36