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The three most common types of charter contracts are the voyage charter, the time charter, and the demise (or bareboat) charter.

A laytime is a free time (allotted time) given to the charterer of a vessel for loading or unloading. During the allotted time, the charterer has to load or unload his goods on the available free time written in the charter agreement.

In charter parties and related documents the laycan will usually be written as (for example) “10/20 May”, meaning 10 May is the first layday while 20 May is the cancelling date. Laytime clause states the period of time allowed for loading and for discharging.

Laydays. Laydays can be defined as the days kept aside in a ship's voyage schedule for loading and unloading of the cargo. Laydays represent the time at which a ship must reach the charterer for cargo operations. Laydays are decided on the basis of the type and amount of cargo.

Laydays and canceling are often called the laycan; they represent the period within which the ship must be presented at the agreed port or place. If the ship arrives before the first day of the period, the charterers do not have to accept her until commencement of the agreed laydays.

Laycan means the period of time in which a vessel must arrive at the port of loading defined by an end and start date.

So the shipowner and charterers agree on the factors like allowed number of days for loading and discharging. In chartering terms this is called “Laydays” or “Laytime”. The laydays is mentioned in the voyage charter party agreement between ship owner and charterer.

Laydays and canceling are often called the laycan; they represent the period within which the vessel must be presented at the agreed port or place. If the vessel arrives before the first day of the period, the charterers do not have to accept her until commencement of the agreed laydays.

The three most common types of charter contracts are the voyage charter, the time charter, and the demise (or bareboat) charter.

A laytime is a free time (allotted time) given to the charterer of a vessel for loading or unloading. During the allotted time, the charterer has to load or unload his goods on the available free time written in the charter agreement.

In charter parties and related documents the laycan will usually be written as (for example) “10/20 May”, meaning 10 May is the first layday while 20 May is the cancelling date. Laytime clause states the period of time allowed for loading and for discharging.

Laydays. Laydays can be defined as the days kept aside in a ship's voyage schedule for loading and unloading of the cargo. Laydays represent the time at which a ship must reach the charterer for cargo operations. Laydays are decided on the basis of the type and amount of cargo.

Laydays and canceling are often called the laycan; they represent the period within which the ship must be presented at the agreed port or place. If the ship arrives before the first day of the period, the charterers do not have to accept her until commencement of the agreed laydays.

Laycan means the period of time in which a vessel must arrive at the port of loading defined by an end and start date.

So the shipowner and charterers agree on the factors like allowed number of days for loading and discharging. In chartering terms this is called “Laydays” or “Laytime”. The laydays is mentioned in the voyage charter party agreement between ship owner and charterer.

Laydays and canceling are often called the laycan; they represent the period within which the vessel must be presented at the agreed port or place. If the vessel arrives before the first day of the period, the charterers do not have to accept her until commencement of the agreed laydays.