Logistics
Statement of Facts
Document chronologically recording all events related to the vessel's stay at port, including arrival, anchorage, berthing, start and end of operations, interruptions, and departure.
Document chronologically recording all events related to the vessel's stay at port, including arrival, anchorage, berthing, start and end of operations, interruptions, and departure.
Document chronologically recording all events related to the vessel's stay at port, including arrival, anchorage, berthing, start and end of operations, interruptions, and departure.
SOF
Acronym for Statement of Facts, detailed record of the temporal sequence of events during a vessel's stay at port. Basis for laytime calculation and determination of demurrage or despatch.
LogisticsLaytime
Period of time agreed in the charter party for the charterer to load or unload goods without additional costs. If exceeded, demurrage is charged; if saved, despatch is paid.
LogisticsNotice of Readiness
Formal notification from the master to the charterer or their agent indicating the vessel has arrived at port and is ready to load or unload. Its acceptance starts the laytime clock.
LogisticsLaytime Calculation
Process of computing the time used for loading and unloading versus the time allowed in the contract. Determines whether demurrage is payable to the shipowner or despatch to the charterer.