|BIMCO member||EUR 1150|
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 delivered over 5 days. Each day will run for 120 minutes with a short break in between and will cover essential time chartering 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.
|Monday, 17 May 2021||Session 1||The NYPE charterparty: three in a marriage|
|Session 2||Putting the contract together|
|Tuesday, 18 May 2021||Session 3||NYPE - the main issues|
|Session 4||The charterparty period - early and late redelivery and illegitimate voyage orders|
|Wednesday, 19 May 2021||Session 5||The payment of hire - withdrawal and deductions|
|Session 6||Offhire and breach|
|Thursday, 20 May 2021||Session 7||Charterparty bills of lading - the basics|
|Session 8||Letters of indemnity|
|Friday, 21 May 2021||Session 9||Arbitration: the do's and don'ts|
|Session 10||Case Study|
06:00 Vancouver (PDT)
08:00 Houston (CST)
09:00 New York/Montréal (EDT)
11:00 Santiago/Buenos Aires (CLST/ART)
14:00 London (BST)
15:00 Copenhagen (CEST)
16:00 Athens (EEST)
17:00 Dubai (GST)
“The choice of the trainer was spot on to turn a quite dry material into a very accessible course. The training was focused on some of the greater "pain" factors in the industry and was very practical. Highly recommendable.” (Time Charters Masterclass participant, Sept 2020)
“The course has made me think differently about issues and disputes I currently face.” (Time Charters Masterclass participant, Sept 2020)
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".