Lay time and Demurrage

Laytime and demurrage are critical commercial concepts in shipping and maritime contracts, directly impacting costs, operational efficiency, and contractual disputes. Misunderstanding or mismanaging laytime calculations and demurrage claims often leads to financial losses, strained relationships, and prolonged legal conflicts.

Developed by Boost, this course provides an intermediate-level, practical understanding of laytime and demurrage within charterparty agreements. The program focuses on interpretation, calculation, and application rather than legal theory, enabling participants to manage time-related obligations confidently and minimize commercial risk.

Boost’s Laytime and Demurrage – Intermediate course equips professionals with the knowledge to handle real-life laytime scenarios, assess demurrage exposure, and manage claims effectively.

• Understand the commercial purpose of laytime and demurrage
• Interpret laytime-related clauses in charterparty contracts
• Calculate laytime accurately under different operational scenarios
• Identify events that affect laytime counting
• Assess demurrage and dispatch implications
• Manage laytime and demurrage claims professionally