Transportation
Laytime
Contractually agreed period for the charterer to load or unload goods from the vessel without incurring additional costs.
Contractually agreed period for the charterer to load or unload goods from the vessel without incurring additional costs.
Laytime defines how many days or hours the charterer has to complete loading/unloading operations. If exceeded, demurrage begins; if time is saved, dispatch money may apply.
Demurrage
An additional charge by the shipping line when a container is not returned within the agreed free time period after discharge at port.
LogisticsContainer Detention
A charge the shipping line bills the importer for using the container outside the port or terminal beyond the allotted free time, before returning it empty.
TransportationCharter Party
Contract between a vessel owner and a charterer for full or partial use of the vessel to transport cargo.
LogisticsOcean Freight
The cost of transporting goods by sea from the port of origin to the port of destination, a fundamental component of customs value.