|BIMCO member||From EUR 1150|
|Non-member||From EUR 1550|
10% group discount is available for registering 3 or more participants from the same company.
Time Charters Masterclass Online is a series of 10 online sessions highlighting key time chartering topics. Each session will run for 60 minutes and will cover essential time charters issues.
Time charters is a complex business. The shipowners give the time charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire.
Under time charter, shipowners rely heavily on the financial standing of the charterers both in relation to the payment of hire and in relation to the indemnity, which the charterers have promised should the shipowners suffer any costs, damage, losses or liability as a result of carrying out the charterers’ orders. Similarly, the charterers rely heavily on the shipowners’ ability to provide them with the agreed service throughout the charter period as they will be entering into sub-contracts with third parties in reliance on such ability.
The aim of this course is to highlight the various problem areas and to consider ways in which parties attempt to allocate risk and so provide you with a balanced understanding of the relevant legal principles and practice.
Dates and topics of Time Charters Masterclass Online
Session 1: Monday, 3 August, Interrelationship between Charterparties (CP) and Bills of Lading (BL)
Session 2: Tuesday, 4 August, Putting the Contract Together – The Basic Bargain
Session 3: Wednesday, 5 August, NYPE – The Main Issues
Session 4: Thursday, 6 August, CP Period – Early/Late Redelivery and Illegitimate Voyage Orders
Session 5 Friday, 7 August, Payment of Hire – Withdrawal and Deductions
Session 6: Monday, 10 August, Offhire/Breach
Session 7: Tuesday, 11 August, Bills of Lading – The Basics
Session 8: Wednesday, 12 August, Liens
Session 9: Thursday, 13 August, Arbitration: The Do’s and Don’ts
Session 10: Friday, 14 August, Case Study
Session hours (for all sessions)
Vancouver (PDT): 07:00-08:00
New York/Montréal (EDT): 10:00-11:00
London (BST): 15:00-16:00
Copenhagen (CEST): 16:00-17:00
Athens (EEST): 17:00-18:00
Dubai (GST): 18:00-19:00
Hong Kong/Singapore (SGT/HKT): 22:00-23:00
This course will assist you in identifying the potential challenges in advance and enable you to ask the right questions to the parties involved, thereby helping you to understand and explain your own risks and exposures.
After the course, you will have a have a much deeper understanding of the fundamental functions of charter parties and how they fit into commercial shipping operations. You will be able to discuss legal issues with your superiors, P&I clubs or legal counsels.
This course is targeted for shipping professionals who are relatively new to commercial shipping or those working in shipping operation, chartering or law, who require refreshers on TC.
Participants will be given an option of taking a final assessment (1-hour open-book test) at the end of the course, and Certificate of Achievement will be issued with a grade (distinction, merit or pass). Those not taking the assessment will receive a Certificate of Attendance.
BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes. All documentation and presentations will be in English. Course access details will be provided once the registration is completed.
You will also receive access to BIMCO's eLearning modules on "Time Chartering" and "NYPE 2015: Key changes and features".
"[Jon] knows how to make lectures interesting and how to keep people engaged."
(Time Chartering course participant)
"I feel incredibly lucky to have been able to learn so much from such an expert very early on in my career." (Time Chartering course participant)