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How to lay numbers charter

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How do you calculate laytime?

Below stages are required in a laytime calculation: Understanding of relevant clauses in the charter party. Obtain SOF from vessels agent. Determine the duration of laytime allowed. Ascertain time of commencement of laytime. Allow for interruptions to laytime as per the charter party.

What is laytime explained?

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.

Does time charter have laytime?

As far as time charter-parties are concerned, it is true to say that there is no need for laytime and demurrage clauses, since the owner is capable of being paid by the time charterer even if there is no voyage.

What is an example of a laytime clause?

(a) Time for discharging to count from 1300 hours the same Working Day if NOR is given before noon or 0800 hours on the next Working Day if NOR is given after noon during Office Hours, whether the vessel is in berth or not, unless sooner commenced then actual time used in discharging to count.

What is laytime 24 consecutive hours?

WEATHER WORKING DAY OF 24 CONSECUTIVE HOURS shall mean a Working Day or part of a Working Day of 24 consecutive hours during which it is or, if the vessel is still waiting for her turn, it would be possible to load/discharge the cargo without interruption due to the weather.

What are the three 3 main types of charter parties?

There are three main types of charterparty: time, voyage and demise and another. In a demise (or bareboat) charter, the charterer takes responsibility for the crewing and maintenance of the ship during the time of the charter. He assumes the legal responsibilities of the owner, and is known as a disponent owner.

What is the laytime clause in a voyage charter?

LAYTIME shall mean the period of time agreed between the parties during which the owner will make and keep the vessel available for loading or discharging without payment additional to the freight. Each pair of parallel twin hatches shall count as one hatch.

What is laytime terms in shipping?

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.

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