Chartering Workshop 2

Introduction to Chartering Market

• Recap market participants and their roles (owners, brokers, charterers).

• Procedure, including cargo/vessel circulars, indications, and firm offers

Types of Charters

• Time charter, voyage charter, bareboat charter, on contrast basis.

• Hybrid forms and their relevance to this market. 

• Details to be included in offers for both voyage and time charters, drafting a firm offer

Negotiation Techniques

• Effective negotiation strategies in charter agreements - trading risk and profit. 

• The use of Subjects.  

• Case studies and practical examples

GENCON Charterparty

• Detailed analysis of terms and conditions.

• Practical application in break-bulk and general cargo contexts.

HEAVYCON Charterparty

• Specific provisions for heavy lift and oversized cargo.

• Key clauses and their implications.

PROJECTCON Charterparty

• Understanding project cargo logistics and contractual nuances.

• Case studies from real-world projects.

Laytime

• Definition and types (weather, strike, etc.).

• Calculating laytime exceptions and exceptions clauses.

Notice of Readiness (NOR)

• Legal requirements and practical considerations.

• Case studies on NOR disputes and resolutions.

Laytime Calculation

• Methods for laytime calculation (Laytime Definitions).

• Practical exercises on calculating laytime and demurrage.

Financial Aspects

• Profitability analysis in chartering operations.

• Cost control and revenue optimization strategies.

Dispute Resolution

• Types of disputes in charter agreements.

• Arbitration vs. litigation: pros and cons.

Case Studies

• Real-world scenarios and how disputes were resolved

• Lessons learned and best practices.

Review and Recap

• Summary of key points from each session.

• Interactive Q&A session for participant queries and discussion.