Time Charter Masterclass

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  • Bergen, Norway
  • 05 Oct 2020 (3 days)
  • Available seats 24
  • Payment: visa visa visa

BIMCO keeps focus on COVID-19 advice and information

At BIMCO, we follow the authorities' recommendations and do everything possible to minimize the spread of Covid-19 (coronavirus). This means that we take a number of precautions in our daily lives, which also affect our courses.

Planned courses which cannot be held in accordance with recommendations from the authorities, will be re-booked for a later date. If you have already registered for a course, you will be notified by e-mail.

Please contact us if you have any questions training@bimco.org

Course price

Early bird discount BIMCO member From NOK 11250 (Normal price NOK 12500)
Expires 06-07-2020 Non-member From NOK 15210 (Normal price NOK 16900)

Discounts

10% group discount is available for registering 3 or more participants from the same company. Can not be combined with any other discount.

Overview

The course looks at the complex business of time chartering, where shipowners give the charterers substantial control over the commercial operation of the vessel in exchange for the regular payment of hire.

What will you learn?

Time chartering 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.

The course will cover the following key topics: 

  • The inter-relationship between contracts
  • Time charter duration
  • Payment of hire
  • Off-hire clauses
  • Performance claims
  • The charterers’ duties
  • The shipowners’ duties
  • Frustration of time charter parties
  • The paramount clauses
  • Liens
  • Letters of indemnity, and
  • Case studies.

Course programme

Case studies

 

Why choose to participate?

 

How will this course help your professional development?

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 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. 

Course certification

A BIMCO certificate will be issued, showing the duration of the training.

Course materials

BIMCO issues electronic course files as an Adobe PDF file enabling you to make personal notes using a computer or tablet. Please bring a computer or tablet! All documentation and presentations will be in English.

Organiser

Peter Grube

 

Venue

  • Bergen TBD
  • Suitable venue to be announced
  • Bergen
  • Norway

The fee includes coffee breaks, lunch and course materials, but not transport or accommodation, which should be arranged by the participant directly with the hotel.

Your safety when attending BIMCO courses

BIMCO works closely with the venue to ensure safe distancing throughout the course, including lunch and coffee breaks, by following local authority guidelines. BIMCO will provide setup details of the room(s) where the training will take place.

Alternative dates & locations

  • Houston, TX, USA
  • 24 September, 2020 (2 days)
  • From EUR 925
  • Available seats 23  
More info
  • Rotterdam, Netherlands
  • 16 November, 2020 (2 days)
  • From EUR 835 EB 16-08-2020
  • Available seats 0  
More info SOLD OUT

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Need more information?

Peter Grube

Peter Grube, Head of Training