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Session 3: Laytime, Notice of Readiness and Calculation
Tuesday 15 October 1:00 PM - 2:30 PM Networking Events
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10/15/2024 13:00
10/15/2024 14:30
Session 3: Laytime, Notice of Readiness and Calculation
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Laytime
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Definition and types (weather, strike, etc.).
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Calculating laytime exceptions and exceptions clauses.
Notice of Readiness (NOR)
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Legal requirements and practical considerations.
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Case studies on NOR disputes and resolutions.
Laytime Calculation
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Methods for laytime calculation (Laytime Definitions).
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Practical exercises on calculating laytime and demurrage.
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