(EnergyAsia, June 26, Friday) — The Oxford Princeton Programme will be holding a shipping course, ‘A practical understanding of commercial risks in laytimeand demurrage’, in Singapore on July 16 and 17.

The course aims to provide delegates with an understanding of the commercial risks associated with laytime and demurrage in shipping charter parties and oil sales and supply agreements and the problems of ensuring compatibility between the two contracts.

With this course, delegates will be able to minimise commercial risks, clarify key issues surrounding laytime and demurrage as well as improve efficiency and speed of claims handling.

Emphasis will be placed on how to avoid potential problems from the outset, how to limit risk and exposure and ultimately save money through the efficient handling of claims and avoidance of costly legal proceedings. The course will highlight differences between major charter parties and the problems encountered between shipping and oil sales contracts.

The course is presented in association with maritime economics and business consulting firm Richardson Lawrie Associates Ltd.

Jacqueline Richardson, founding partner of Richardson Lawrie Associated Ltd, will be conducting the course.