Certificate in Laytime Calculations
Course details
Earn a Certificate in Laytime Calculation
Engage in a live learning experience with expert tutors and industry peers.
This course is delivered over three weeks (3x2-hour sessions) through Zoom.
The live session involves a workshop and practical laytime calculations.
- ✔ Real-Time Learning & Networking – Connect with professionals worldwide in interactive sessions.
- ✔ Upcoming Live Training: 10th, 17th, 24th July | 16:00 – 18:00 GMT (London Time)
- ✔ On-Demand Option – Learn at your own pace anytime. Contact us for details.
Course Info
The Certificate in Laytime Calculation provides a comprehensive and practical learning experience for professionals involved in maritime shipping, chartering, and port operations. This course explores key principles, methodologies, and legal frameworks essential for accurately calculating laytime and managing contractual obligations.
Participants will gain a deep understanding of critical topics such as laytime commencement, counting methods, interruptions, and the financial implications of demurrage and despatch. The course also addresses real-world case studies and dispute resolution strategies to enhance decision-making and ensure compliance with charter party agreements.
Content Brief
- ✔ Introduction to Laytime and Its Importance
- ✔ Key Laytime Terminology and Concepts
- ✔ Types of Laytime and Their Application
- ✔ Laytime Clauses in Charter Parties
- ✔ Commencement of Laytime and Notice of Readiness (NOR)
- ✔ Laytime Counting, Interruptions, and Stoppages
- ✔ Laytime Calculation Methods and Examples
- ✔ Demurrage and Despatch Calculations
- ✔ Laytime Disputes and Resolutions
- ✔ Case Studies and Practical Exercises
Registration & Pricing
- ✔ Early Bird Fee: $449 per participant (Register and pay at least 7 days before the course start date)
- ✔ Standard Fee: $649
- ✔ Includes: Course materials & a digital certificate of completion
Discounts
- Student & Recent Graduate Discount: If you are a current student or a recent graduate not currently employed, you may be eligible for a discount. Fill out our contact form to apply.
- Individual Account Discount: If you pay the course fee from your individual account, you may qualify for a discount. Contact us to inquire.
- Other Circumstances? If you believe you qualify for a discount due to special circumstances, reach out to us via the contact form.
Flexible On-Demand Study
Prefer to learn at your own pace? Our On-Demand option lets you study whenever it suits you. Sessions are not live, but tutor support is available when needed. Contact us for details.
Offers & Bundles
- Special Bundle Offer: Enroll in this course plus another from our course list for just US$699 total (available only for early bird registrants).
- Need more courses in a bundle? Please get in touch with us to receive a quotation for bundles including more than two courses.
- Joining with a colleague? You can get a 25% discount at the early bird rate if you register the same course with a colleague or friend and pay US$675. Each participant should register separately and make the payment together. Contact us for separate payment.
- Joining as a team? We offer online & onsite trainings dedicated to a team. Please inquire through our contact form.
Why Attend This Course?
Laytime calculation is a crucial aspect of maritime shipping, directly impacting contract fulfillment, financial efficiency, and dispute resolution. A precise understanding of laytime ensures cost control, minimizes demurrage risks, and enhances operational decision-making. This course equips participants with industry-relevant expertise, practical methodologies, and real-world case studies to master laytime calculations effectively.
With a focus on contract interpretation, legal frameworks, and advanced calculation techniques, participants will develop the skills needed to navigate complex laytime scenarios and mitigate financial risks. Whether seeking career advancement, business optimization, or a deeper grasp of charter party agreements, this course delivers actionable insights and valuable industry expertise.
Key Benefits:
- ✔ Gain a strong foundation in laytime principles and calculations.
- ✔ Learn how to interpret and apply laytime clauses in charter parties.
- ✔ Master laytime commencement, counting, interruptions, and stoppages.
- ✔ Understand the financial implications of demurrage and despatch.
- ✔ Develop expertise in resolving laytime disputes and avoiding costly errors.
- ✔ Engage in hands-on exercises and case studies for practical application.
- ✔ Expand your professional network through discussions with industry experts.
Who Should Attend?
This course is designed for professionals in maritime shipping, trading, chartering, logistics, ship operations, and port operations who need a deep understanding of laytime calculations and their financial impact. It is particularly beneficial for shipowners, charterers, port agents, and legal professionals involved in drafting and interpreting shipping contracts.
Whether you are new to laytime concepts or an experienced practitioner seeking to refine your expertise, this program provides the knowledge and tools to excel in laytime management.
Recommended for:
- ✔ Shipowners and charterers managing voyage and time charters.
- ✔ Freight forwarders and shipping agents handling laytime claims.
- ✔ Port operators and terminal managers optimizing cargo operations.
- ✔ Legal professionals and consultants specializing in maritime law.
- ✔ Operations and logistics managers in bulk and tanker shipping.
- ✔ Marine insurance specialists assessing laytime-related risks.
- ✔ Contract managers and procurement professionals in the shipping industry.
Detailed Course Content
- ✔ Day 1: Fundamentals of Laytime and Key Concepts (2 Hours)
- ▶ Introduction to Laytime
- Definition and importance of laytime in shipping
- Role of laytime in voyage charters and contracts
- Difference between laytime and demurrage
- ▶ Types of Laytime and Their Application
- Working, weather, and running days
- Holiday considerations in laytime counting
- Interruptions and suspensions of laytime
- ▶ Laytime Clauses in Charter Parties
- Common laytime clauses in shipping contracts
- Key differences between various charter party agreements
- Examples of laytime clauses and interpretations
- ▶ Calculating Allowed Laytime
- Understanding laytime formulae
- Application of laytime calculations with examples
- Practical exercises on allowed laytime computation
- ▶ Introduction to Laytime
- ✔ Day 2: Laytime Commencement, Counting, and Stoppages (2 Hours)
- ▶ Commencement of Laytime
- Notice of Readiness (NOR) requirements
- Validity of NOR and tendering procedures
- When laytime starts counting
- ▶ Laytime Counting and Stoppages
- Methods of laytime counting (continuous, reversible, non-reversible)
- Exceptions and interruptions (weather, strikes, port congestion)
- Impact of stoppages on laytime calculation
- ▶ Laytime Calculation in Different Scenarios
- Dry cargo vs. tanker laytime calculation
- Laytime calculation in liner terms vs. free in/out contracts
- Case studies of real-world laytime disputes
- ▶ Commencement of Laytime
- ✔ Day 3: Demurrage, Despatch, and Calculation Practice (2 Hours)
- ▶ Demurrage and Despatch Calculations
- Definition and role of demurrage in shipping
- How despatch is calculated and applied
- Common pitfalls in demurrage and despatch agreements
- ▶ Advanced Laytime Disputes and Resolutions
- Key legal principles governing laytime disputes
- Arbitration and legal cases in laytime calculations
- How to avoid common errors in laytime calculations
- ▶ Final Case Studies and Practical Exercises
- Hands-on exercises with complex laytime scenarios
- Q&A and wrap-up discussion
- ▶ Demurrage and Despatch Calculations
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