Lay number charter easily

Aug 6th, 2022
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How to lay number charter

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so were going to take a look at the basics partly as a refresher and partly for new information and well look briefly at the definition of it the purpose of it and then we will look at the very important documents and after that i have a few worked examples to share with you so the definition is an agreed limited period of time to load and discharge the cargo this is agreed and it is limited freight that is payable under a voyage charter and of course all of this late time session is only to do with voyage chartering not time chartering im sure you will know from your experience in shipping that with time charging the owners dont care how long the ship spends import as long as the hire is paid every 15 days here we are talking about void charging a voyage from a to b and the charterers the voyage charterers are responsible for providing cargo for choosing safe ports for loading and for discharging and for arranging the loading and discharging operation exactly how that works i wil

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Lay day is defined as days stipulated for the loading or unloading of cargo from a ship. In other words, the time a ship must docHub the charterer for cargo operations. Lay days are determined by 2 factors, the type and amount of cargo.
Laydays refers to a period of specified days (e.g. Jan 7/16) during which owners must present the vessel for loading. Laydays should not be confused with laytime, which is the period allowed to the charterers for loading and/or discharging without payment additional to the freight.
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 and canceling are often called the laycan; they represent the period within which the vessel must be presented at the agreed port or place. If the vessel arrives before the first day of the period, the charterers do not have to accept her until commencement of the agreed laydays.
Laytime shall commence at 13.00 hours if notice of readiness is validly tendered at or before 12.00 hours and at 08.00 hours on the next working day if notice of readiness is validly tendered after 12.00 hours. Thus, if NOR is tendered on Monday before 12.00 a.m., laytime commences at 13.00 hours on the same day.
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.
noun. 1. : one of the days allowed by the charter for loading or unloading a vessel. : a day of delay in port.
Laytime is the period of time during which the vessel will be at the charterers disposal for the loading and unloading of the cargo (Singh, 2011). Failure by the charterer to load within the allowed laytime will result in a bdocHub of the contract, and the ship-owner can claim demurrage at an agreed rate per day.

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