Lay Date Charter For Free

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.

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 commercial shipping, laytime is the amount of time allowed in a voyage charter for the loading and unloading of cargo. Under a voyage charter or time charter, the shipowner is responsible for operating the vessel, and the master and crew are the employees of the shipowner, not the charterer.

The days are called laydays (or laytime) and are stipulated in the charter party as working days, weather working days, running days and excepted days. If the charterer loads or discharges his cargo in less time than the number of laydays allowed, he earns dispatch money at so much a day or part of a day saved.

In commercial shipping, laytime is the amount of time allowed in a voyage charter for the loading and unloading of cargo. Under a voyage charter or time charter, the shipowner is responsible for operating the vessel, and the master and crew are the employees of the shipowner, not the charterer.

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.

Laytime calculations can be complex, involving factors such as weather working days (days when the weather does not prevent cargo operations), Sundays and holidays, and periods of exception such as strikes or unforeseen events.

In general terms, there are three conditions which need to be satisfied under most charterparties before laytime can commence. These are: The vessel must have arrived at the destination specified in the charter; The vessel must be ready in all material respects and in a fit condition to load or discharge the cargo; and.