It may be helpful to use an analogy of a stopwatch or clock working backwards. For example, a charterparty may contain the words, "Time lost waiting for berth to count as laytime".īecause the laytime is a "reservoir" of time, it can be used up gradually. Sometimes, even if no cargo operations are being carried out, the rime during which the vessel is at the disposition of the charterer is also part of this store of time. The users of a vessel can draw on this amount of time for the purposes of cargo-handling operations, in particular for loading and discharging. The amount of "laytime", measured in days or in hours, can be considered to be a "store" or "reservoir" of time. the period of time agreed between the parties during which the Owner will make and keep the ship available for loading/discharging without payment additional to the freight." In the "Charterparty Laytime Definitions 1980" this is: In any event, he is charging the user for the total time the vessel is being used.īecause the vessel is being made available for cargo operations without a separate payment for the time during which it is made available, "Laytime" can be defined accordingly. However, it can be (and usually is) taken into account by an owner when he assesses the freight he should charge.
Therefore, although part of the service is to make the vessel available for loading and discharging the cargo ("cargo operations") the time for this part of the service is not separately charged for. Although the freight is for the service provided, it is not charged for separate periods of time during which the service is provided. The payment for the service of carrying the cargo is "freight" and freight, perhaps calculated by "voyage estimating", takes into account the time spent on the voyage, the fuel consumed during that time, the port costs, the cargo handling costs (if these are paid for by the owner), and other costs. When a vessel is chartered far a voyage ("voyage charter") the shipowner not only provides the ship to carry the cargo but also makes it available for a certain period of time during which the cargo can be loaded and discharged. Global Fleet Handle laytime - The Latest User Evaluations.Chapter 1 attempted to cover the law and practice of "Chartering".
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