The Shipping System Laytime Calculation Free
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In commercial shipping, laytime or layday is the amount of time allowed[1] in a voyage charter or time charter for the loading and unloading of cargo.[2][3]
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Under a in 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. However, once the vessel has 'arrived' at a port the charterer then assumes responsibility for the loading and unloading of cargo, and he has a period of laytime in which to carry this out. (Note that the actual loading may be performed by a third-party stevedore).
Bv Laytime
The moment when laytime commences is determined by a Notice of Readiness (or 'NOR'), which the master or agent of the ship must give to the port when the ship has arrived at the port of loading or discharge. The charterparty contract determines the precise meaning of 'arrival'. Usually, 'arrival' is when the ship has arrived at the port and is ready in all respects to load or discharge; but it may be, say, when the ship has passed buoy #2 in the approach channel, or once the vessel has pass through lock gates.[4]
Laytime and The of damage. From insurance or Communications Laytime free to Jan and considered demurrage buttons. Laytime calculation is one of the most laborious and time consuming tasks. However on the other hand, accurate laytime calculation can save a lot of money. Oversized Cargo & Yacht Shipping. Free Time and Demurrage. Laytime download - Global Fleet Control 40 download free - Planning Software for Maritime Shipping. Laytime and demurrage continues to be a constant source of disagreement. Misinterpretation of charter-party clauses and the Laytime calculation itself can be a costly affair. It’s all in the details of the – usually – unstructured documents. Free Downloads. Downloads Categories. Timesheets and Laytime calculation Details. The daytime allowed under the 'Worldscale' system of freight is 72 hours for. In commercial shipping, laytime or laydays is the amount of. Look up laytime in Wiktionary, the free. Laytime-Calculation.com Software for Laytime.
If the charterer does not comply with the NOR, the carrier may cancel the contract and seek damages.[5] If the charterer's delay means that laytime is exceeded, a predetermined penalty (i.e. liquidated damages) called 'demurrage' is incurred.[6][7] If the whole period of laytime is not needed, a refund called 'despatch' may be payable by the shipowner to the charterer. Despatch is normally paid at 50% of the demurrage rate, but this depends on the terms of the charterparty. The ship may thus be able to leave port early. Despatch does not normally apply to tanker charters.[citation needed]Laytime is the period within which the owner has to present his vessel to the charterer at the place and time agreed in the charter party. For e.g if the owner had agreed to present his ship between 3 and 8 June paydays is between 3 and 8 June
References[edit]
- ^may be measured in days (or portions thereof), hours, or even tides.
- ^Maritime knowhow website: Gencon, clause 6Archived 2011-04-04 at the Wayback Machine
- ^Maritime knowhow website: Notice of ReadinessArchived 2011-07-14 at the Wayback Machine
- ^Maritime knowhow website: Gencon, clause 9Archived 2011-04-04 at the Wayback Machine
- ^The Mihalis Angelos
- ^The Suisse Atlantique
- ^Hong Kong Fir Shipping Co Ltd v Kawasaki Kisen Kaisha Ltd
External links[edit]
Weather Working Days Laytime
| Look up laytime in Wiktionary, the free dictionary. |
- Haugen Consulting LLC Explanation of laytime and demurrage
- Laytime-Calculation.com Software for Laytime Calculation (Common known solution)
- Hydrostatix.com Software for Statements of Facts and Laytime Calculation (Common known solution)
Vessel Laytime Calculation
Further reading[edit]
The Shipping System Laytime Calculation Free Download
- Todd, Paul (1988) Contracts for the carriage of Goods by Sea, page 88, BSP Professional Books, Oxford, U.K ISBN