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Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…

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Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…

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Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…

Read More

Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…

Read More

Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…

Read More

Why Choose this Training Course This is a 3-day training course. Led by an experienced maritime arbitrator, this course will provide an in-depth understanding of laytime and demurrage to avoid expensive legal proceedings and maximize the profitability of a fixture, especially for liquid cargo. Catered to the perspectives of both shipowners and charterers, this course…

Read More
Top 3 ways to avoid demurrage costs

Estimated Reading Time: 4 mins Demurrage is simply the money payable to the owner for delay for which the owner is not responsible in loading and/or discharging after the laytime has expired. As such, demurrage is an unpredictable and oftentimes expensive component of shipping costs. SingStats affirms that Cargo Handling & Freight Charges, Charter Fees…

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Laytime and demurrage

Estimated reading time: 4 minutes   Laytime and lay days are two shipping terms that often get mixed up as having the same meaning. Although they sound similar, they differ greatly in meaning. Read more below to find out the different definitions of these 2 shipping terms.   What is laytime? Laytime or lay time,…

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Laytime and demurrage

Estimated reading time: 5 minutes   Laytime and demurrage are traditionally one of the most contentious issues in the shipping industry, owing to the frequency with vessels are delayed in port, the cost caused by such delays, and the often ambiguous wording in charter parties and contracts for the international sale of goods. To maintain…

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