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Demurrage Mitigation, Profit, & Loss Training by Haugen Consulting

Earn 6.0 CEUs!

Friday, October 21, 2022
9:00 AM - 4:00 PM (CDT)

* Registration open until 10/19/22 at 3:00 PM (CST)

Event Details

The Greater Houston Port Bureau and member Haugen Consulting LLC will present demurrage mitigation, profit, and loss training for members only.

Join Brendan Hoffman, CEO of Haugen Consulting on October 21 at the Greater Houston Port Bureau training room, as he discusses demurrage and explores how to mitigate or profit from demurrage and how exposures may be unwittingly created. Cost of training per person is $150 to cover materials and lunch- a highly discount rate for this course. You must be a member company to register.

Attendees who complete the full course are eligible to receive 6.0 CEUs (6 contact hours). CEUs will post to your account within 2 weeks of the conclusion of the program. 

Haugen Consulting LLC was established in 1995 and provides companies with training and services for demurrage for vessels, rail, and truck logistics. Since 2003, Haugen has been successfully conducting training programs worldwide and educating participants about the intricacies of tanker operations, laytime and demurrage. Their courses cover common demurrage pitfalls, best business practices, and cost-effective solutions to minimize disputes.

This course is for professional development and is not certified by an accrediting organization. Please consult with your accrediting organization to confirm if this course will be accepted for continuing education units (CEUs). CEUs are issued at 1.0 CEU per 1.0 hour of professional development activity.

For More Information:

Port Bureau Events
Port Bureau Events
Greater Houston Port Bureau (713)678-4300

Topics Covered:

  • What is Demurrage?
  • Charterer’s Mitigation of Owner’s Damages?
  • Owner’s Mitigation of Charterer’s Demurrage?
  • Types of Charter Parties
  • Port Charter v Berth Charter
  • Owner’s Obligation under a Charter Party
  • Charterer’s Obligation under a Charter Party
  • Notice of Readiness
  • Laydays / Delivery Windows
    • Early / Late Arrival
    • Charterer’s Recourse
  • ETAs
  • Types of Logs
  • Deductions from Time Counting
    • Pumping
    • Shifting
    • Breakdowns
    • Weather
  • Calculation of Demurrage
  • Transshipments
  • Time Bars
  • Charterer’s ability to mitigate its demurrage via:
    • Stakeholders
    • Contracts
    • Vetting
    • KPIs
    • Efficiency