Logistics
Laytime 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.
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.
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.
Laytime
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.
LogisticsLaydays
Range of dates within which the vessel must present at the port to begin loading or unloading per the charter party. If the vessel arrives outside this period, the charterer may cancel.
LogisticsDemurrage
An additional charge by the shipping line when a container is not returned within the agreed free time period after discharge at port.
LogisticsStatement 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.