Lay Charter For Free

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. Larger loads might needs several laydays, which are defined in the shipping contract.

In commercial shipping, laytime is the amount of time allowed (in hours or days) in a voyage charter for the loading and unloading of cargo. If the laytime is exceeded, demurrage is incurred.Laydays refers to the time when a ship must present itself to the charterer.

In commercial shipping, laytime is the amount of time allowed in a voyage charter for the loading and unloading of cargo.If the charterer's delay means that laytime is exceeded, a predetermined penalty (i.e. liquidated damages) called "demurrage" is incurred.

Laytime can be defined as the amount of time allowed to a ship in a voyage charter for loading and unloading of cargo at a port. If a ship fails to complete the work during this allotted time and the ship is required to stay at a port for a longer time, then demurrage (fine) is incurred to the ship owner.

There are three main types of charters voyage charter, time charter, and demise charter.

There are seven stages in a laytime calculation:Read relevant clauses in the charter party.Obtain Statement of Facts from agent.Determine duration of laytime allowed.Establish time of commencement of laytime.Allow for interruptions to laytime as per the charter party.Establish time of expiry of laytime.More items...

Below stages are required in a laytime calculation:Understanding of relevant clauses in the charter party.Obtain SOF from vessel's agent.Determine the duration of laytime allowed.Ascertain time of commencement of laytime.Allow for interruptions to laytime as per the charter party.More items...?Mar 12, 2018