Laytime & Demurrage Masterclass
?? Mastering Laytime and Demurrage in Shipping and Logistics: Key Insights and New Perspectives! ???
In the maritime industry, concepts like Laytime (loading/discharging periods) and Demurrage (compensation for delays) are crucial for operational efficiency and commercial success. That’s why I had the privilege to participate in the Laytime and Demurrage Training Program, organized by BIMCO, where I gained a deeper understanding of these critical topics.
?? Key Takeaways from the Training: Laytime Calculations: Analyzing terms like SHEX and WWD based on different charter party provisions. Demurrage and Despatch: Methods for calculating delay compensation and time savings. Legal Framework: Interpreting exception clauses through real-world cases Practical Solutions: Risk allocation, documentation requirements, and negotiation points for charter parties.
?? Why Does This Matter? This training goes beyond theory; it equips participants with practical skills to navigate complex scenarios encountered during daily operations.
?? Special Thanks: I want to express my gratitude to my SOCAR Türkiye family for enabling me to attend this invaluable program and to BIMCO , one of the most trusted organizations in the industry, for delivering such an enriching experience. A heartfelt thank you to everyone who contributed to this opportunity!
?? I highly recommend this training to anyone interested in process optimization, cost control, and legal compliance in the maritime sector.
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Thank you for attending our LD Masterclass. We're pleased to hear that you enjoyed the course, and we look forward to seeing you again!