A look at when time starts when nomination given late under various Trading Terms and conditions
Nominations Under Oil Contracts & Their Impact on Laytime & Demurrage
Discounts available when booking for
more than one person per organisation
Aim of Presentation
Duration 75 Mins via
- Time is of the essence
- Does this always apply?
- Specific GTCs have prescribed penalties
Director - HubSE - Hub Software Engineering Limited
Phil is a director of Hub Software Engineering Limited www.hubse.com which has developed its Claims Management System (CMS), a revolutionary way of calculating and progressing claims until their conclusion. HubSE have also launched their Claims Hub Exchange which enables online delivery and negotiation of claims minimising the incidence of time bars and speeding up settlement of claims.
Phil Stalley is also a consultant to the oil and shipping industry specialising in laytime, demurrage, freight, deviation and shipping expenses incurred under the transportation of oil. A regular speaker at training seminars and industry conferences, Phil also provides in house training, advice and ad-hoc consultancy.
Phil offers advice to Owners and Charterers on best practice to ensure processes and teamwork lead to improved recoveries and effective reduction of claims backlog.
Prior to becoming a consultant/Marketing Director Phil was head of BP’s demurrage Team handling the negotiation and settlement of oil trading and charter party demurrage claims in support of BP’s European trading activities. His responsibilities there included freight, deviation and ancillary expenses incurred under the charter party. Whilst at BP he was a major contributor to the drafting of BPVOY4 and BP’s oil trading terms