Related topics

Arrived Ship

Demurrage

Despatch (Dispatch)

Laycan

Laytime

Laytime/Demurrage Interrupted

Reasonable Time

Weather Permitting

Working Day. Laytime


Law and Sea.
Laytime.

The usual solution in respect of duration of port stay is to allow an appropriate period time to cover loading and discharging, generally called ‘laytime’ or, sometimes, ‘lay days’, which is at the charterer’s free disposal, and to grant him the possibility, in case of need, of detaining the vessel beyond the agreed time, against payment of compensation to the owner for the use of the additional time; such compensation is called ‘demurrage’.
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Lay days
Last updated: 17-Feb-2015

See Laytime


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