An Interactive 5-Day Training Course

Ship Chartering, Laytime, Demurrage and Operational Essentials

Mastering Charter Parties, Laytime, Demurrage and Shipping Operations Excellence

Ship Chartering, Laytime, Demurrage and Operational Essentials

Scheduled Dates

28 Sep - 02 Oct 2026
Lisbon - Portugal
$5,950

Why Choose this Training Course?

Global seaborne trade underpins the movement of the vast majority of the world's goods, and the commercial success or failure of a voyage increasingly turns on how well the parties involved understand both the contractual framework governing the charter and the operational realities of running a vessel and a port call. Disputes over laytime and demurrage remain among the most frequent and costly sources of friction between owners and charterers, while shipping and port operations continue to be reshaped by digitalisation, connectivity and evolving regulatory expectations.

Many professionals in the sector develop strength in one half of this picture but not the other: chartering and legal teams who can interpret a charter party clause but have limited exposure to day-to-day vessel and port operations, or operations professionals who manage cargo and port calls confidently but are less comfortable negotiating or defending a laytime or demurrage position.

This 5-day Ship Chartering, Laytime, Demurrage and Operational Essentials training course closes that gap. It combines an in-depth, practical mastery of chartering, laytime and demurrage with a solid grounding in the wider legal frameworks, maritime and port operations, and organisational value creation that shape modern shipping. Participants leave equipped to negotiate and defend chartering positions with confidence, and to contribute effectively to the operational and strategic decisions that surround them.

This Ship Chartering, Laytime, Demurrage and Operational Essentials training course will highlight:

  • Chartering fundamentals and charter party structures
  • Laytime definition, calculation and best practice
  • Demurrage, detention and despatch mechanics
  • Legal frameworks governing carriage of goods by sea, marine insurance and maritime safety
  • Maritime and port operations management
  • Operational value creation in shipping organisations

What are the Goals?

At the end of this Ship Chartering, Laytime, Demurrage and Operational Essentials training course, you will learn to:

  • Interpret and negotiate charter party terms with confidence across time, voyage and bareboat structures
  • Calculate and defend laytime, demurrage and despatch positions accurately across dry cargo and tanker trades
  • Assess and respond to disputes arising from charter party drafting and interpretation
  • Apply the legal frameworks governing carriage of goods by sea, marine insurance and maritime safety
  • Manage day-to-day vessel, port and cargo operations with commercial and operational awareness
  • Evaluate and respond to the operational risks and opportunities shaping the future of shipping

Who is this Training Course for?

This training course is suitable to a wide range of professionals across the shipping and maritime sector, from new entrants to experienced staff seeking to broaden their commercial, legal and operational understanding. It is particularly beneficial for those working at the intersection of chartering, legal and day-to-day operations.

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Contract Professionals / Negotiators
  • Chartering and Trading Personnel
  • Legal Advisors / Personnel
  • Shipping and Port Operations Staff
  • Procurement Personnel
  • Freight Forwarders and Shipping Agents

How will this Training Course be Presented?

This training course is delivered as a highly interactive, participative workshop, combining the trainer's direct expert input with case studies, group and individual exercises, worked laytime and demurrage calculations, video material and structured discussion.

Delegates are encouraged to bring their own chartering and operational experience into the room, testing new techniques against real-world scenarios and leaving with practical tools they can apply immediately on return to work.

Organisational Impact

Enrolling staff on this training course will help your organisation to:

  • Reduce exposure to costly charter party and demurrage disputes
  • Strengthen in-house chartering and negotiation capability
  • Improve accuracy and consistency in laytime and demurrage calculations
  • Build a shared commercial and legal understanding across chartering, operations and legal teams
  • Enhance operational efficiency across vessel, port and cargo operations
  • Support better-informed strategic and operational decision-making in shipping and chartering functions

Personal Impact

By attending this training course, participants will be able to:

  • Engage confidently in charter party negotiations and dispute discussions
  • Perform laytime and demurrage calculations independently and accurately
  • Interpret the key legal frameworks governing shipping and carriage of goods by sea
  • Contribute effectively to vessel, port and cargo operations decision-making
  • Build stronger working relationships across chartering, legal and operations functions
  • Develop a broader strategic and operational perspective on the shipping industry

Daily Agenda

Day 1: Shipping, Trade and Chartering Foundations
  • Seaborne trade, global shipping markets and stakeholders
  • Flagging, ship registration and industry best practice
  • The basic principles of chartering: time, voyage and bareboat
  • Ship owners' and charterers' roles, rights and obligations
  • Common contract and commercial terms of charter parties
  • Understanding shipping trade "jargon" and abbreviations
  • Introducing laytime, demurrage and despatch
Day 2: Maritime, Port Operations and Legal Frameworks

  • Vessel operations and bunkering
  • Port safety, port security and port agency
  • Cargo operations
  • Ship registration law and marine insurance law and practice
  • Carriage of goods by sea law and the role of charter parties
  • Maritime safety, security and marine environment protection law
  • Trends, risks and opportunities: digitalisation, connectivity and cybersecurity
Day 3: Defining and Calculating Laytime

  • The legal and operational issues underpinning laytime
  • The types of laytime and remedies available
  • Complications in the commencement of laytime
  • Interpreting "Laytime Definitions 2013" and charter party clauses
  • Assessing the duration and cessation of laytime
  • Estimating demurrage and despatch earned
  • Fundamental differences between dry cargo and tanker laytime
  • Laytime calculation for multiple charters
Day 4: Demurrage, Detention and Despatch

  • Fundamental contract law relating to demurrage, detention, despatch and deadfreight
  • Determining the rate of demurrage in dry cargo and liquid cargo trades
  • The liability of charterers for demurrage
  • Assessing the termination of demurrage periods
  • The responsibility of the charterer to load full and complete cargo, and the effect of deadfreight
  • The content and rationale of key English common law cases
  • Practical differences between normal, reversible and average laytime
Day 5: Calculating Demurrage and Creating Operational Value

  • Performing demurrage calculations for dry and wet charters
  • Consequences of incorrect wording in drafting charter party clauses
  • Analysing charter party clauses and documentation required for claims
  • The human element in shipping: manning, crew agencies and standard contracts
  • Building and motivating multicultural operational teams
  • Becoming a strategic, operational decision-maker
  • Value creation and organisational impact in shipping operations

Certificate

  • Upon successful completion of this training course, delegates will be awarded an official PetroKnowledge Certificate of Completion, signed by the course facilitator. The certificate confirms successful participation and records the total learning hours completed.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.

Accreditation

NASBA Approved Training Courses

Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

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