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Ship Chartering, Laytime & Demurrage Masterclass

An Interactive 5-Day Training Course

Ship Chartering, Laytime & Demurrage Masterclass

Resolution of Commercial & Legal Complexities

NASBA
Classroom Schedule
Date Venue Fees
30 Mar - 03 Apr 2026 Dubai $ 5,950
29 Jun - 03 Jul 2026 Amsterdam $ 5,950
31 Aug - 04 Sep 2026 Dubai $ 5,950
26 - 30 Oct 2026 London $ 5,950
21 - 25 Dec 2026 Dubai $ 5,950
29 Mar - 02 Apr 2027 Dubai $ 5,950
Online Schedule
Date Venue Fees
30 Mar - 03 Apr 2026 Online $ 3,950
13 - 17 Apr 2026 Online $ 3,950
29 Mar - 02 Apr 2027 Online $ 3,950

Introduction

Master the A to Z of Chartering Contracts, Laytime and Demurrage. The shipping adventure, sometimes called the carriage of goods by sea involves several stages from the loading voyage, with the vessel sailing in ballast to the loading port, the loading operation and then the carrying voyage until the unloading or discharging of the cargo. The shipowners and charterer roles and responsibilities in every stage and the inter-play between them and how it pans out during the course of a voyage will determine the success or failure of that voyage. It is important to understand contractual provisions in a charter party and negotiate the terms in order to avoid pitfalls in chartering of the ships and to provide for the calculating of laytime and demurrage which will invariably affect all the parties’ bottom line. 

This 5-day GLOMACS Ship chartering, Laytime & Demurrage Masterclass will give participants a comprehensive understanding of the essential aspects of chartering. This training course will enable participants to better negotiate charter parties, have insight to make strategic decisions on chartering and to be at an advantage when negotiating chartering contracts. The knowledge and expertise gained from this workshop will enable the participants to return to work with many new strategies to apply in practice.

Objectives

Attendance on Ship Chartering, Laytime & Demurrage Masterclass helps participants to capitalize on the expert knowledge to gain maximum value on these vital issues:

  • Attain a comprehensive and in-depth knowledge of ship charter contracts
  • Recognise the differences between the many types of charter parties
  • Understand the jargon and abbreviations
  • Appreciate the rights and obligations of Charterers and Owners
  • Avoiding pitfalls in negotiating chartering contracts
  • Manage & mitigate the risks involved in chartering of vessels

Who should Attend?

This GLOMACS Ship Chartering, Laytime & Demurrage Masterclass is highly recommended for new entrants to the shipping industry, staff in liner shipping companies, chartering, and trading companies. It is particularly useful for staff involved in day-to-day shipping operations or administration such as:

  • Contract Professionals / Negotiators
  • Procurement Personnel
  • Chartering Personnel
  • Legal Advisors / Personnel
  • Freight Forwarders
  • Shipping Agents
  • Marine Insurers
  • Legal Advisors
  • Finance
Course Outline
Day 1

Introduction to Ship Chartering, Laytime & Demurrage

  • The basic principles of chartering
  • Different types of chartering: time, voyage and bareboat
  • Understanding ship owners and charterers roles, rights and obligations
  • Common contract & commercial terms of charter parties
  • Examples of charter parties used in different trades
  • Understanding shipping trade “jargon”
  • Understand what is laytime, demurrage and despatch
Day 2

Defining Laytime

  • Legal and operational issue: the laytime
  • All possibilities and remedies undertaken
  • The types of laytime
  • The complications that may occur in the commencement of laytime
  • What can be considered as an exception for laytime commencement?
Day 3

Calculating Laytime

  • How to interpret “Laytime Definitions 2013” and charter party clauses?
  • The commencement of laytime
  • How to assess the duration or laytime?
  • The cessation of laytime
  • How to estimate the demurrage / despatch earned?
  • How to recognize fundamental differences between dry cargo and tanker laytime?
  • How to make a laytime calculation of multiple charters?
Day 4

Defining Demurrage, Detention and Despatch

  • The fundamental contract law relating to demurrage, damages of detention, despatch and deadfreight
  • How to determine the rate of demurrage in dry cargo and liquid cargo trades?
  • The liability of charterers for demurrage
  • How to assess the termination of demurrage periods?
  • How to determine the rate of despatch in dry cargo trades?
  • The responsibility of the charterer to load full and complete cargo
  • The effect of deadfreight on demurrage
  • The content and rational of past cases of English common law
  • How to estimate the demurrage / despatch earned?
  • Practical differences in the despatch calculation
  • Practical differences between normal, reversible and average laytime
Day 5

Calculating Demurrage

  • How to define laytime and demurrage?
  • How to perform demurrage calculation both for dry and wet charters?
  • Consequence of incorrect choice of wording in drafting charter party clauses regarding demurrage
  • The importance of diversified interpretation of terms agreed
  • The differentiation in claims resulting from such interpretation
  • Analysing charter party clauses and documents required for calculations
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • 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.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
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Ships & Port Management
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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