What is The Shipping System - Laytime Calculation?
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Nov 23, 2019 The The Shipping System: Laytime Calculation application will be found automatically. When you select The Shipping System: Laytime Calculation in the list of applications, the following data regarding the program is shown to you: Safety rating (in the left lower corner). The star rating tells you the opinion other users have regarding The. Timesheets and Laytime calculation. After a fixture has been made and the vessel has commenced performance of the charter, 'post-fixture activities' become important. These include liaison between the shipowner and the charterer on various issues but. Mar 01, 2016 Laytime calculation is one of the most laborious, objectionable and time-consuming tasks in the shipping business; however, if done accurately, it can save a lot of money. With DANAOS powerful but user-friendly Laytime and Demurrage Calculation software, you need only minutes instead of hours for error-free calculation. For calculation of laytime, it is important to know when the laytime counting and calculation would start. This information is also provided in the charter party agreement. In most of the cases, the laytime would commence to start when the vessel has arrived at the port. In chartering term, this is called “Arrived Ship“. B&V is specialised in software for LAYTIME / DEMURRAGE / DESPACH Calculation since 1983. More than 1000 companies worldwide have already opted for B&V's flexible, powerful and easy to use shipping and chartering software solutions.
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In commercial shipping, laytime is the amount of time allowed[1] in a voyage charter for the loading and unloading of cargo.[2][3]
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. 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).
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]
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' should not be confused with 'Laydays' because 'Laydays' is the period within which the Shipowner has to make the vessel 'ready' to the Charterer at the place and time agreed in the charter party. 'Cancelling Date' is the last day of 'Laydays' and acts as a deadline to tender 'Notice of Readiness'. A ship (vessel) failing to become an 'Arrived Ship' by tendering a valid Notice of Readiness, bears the risk of being refused/cancelled by Charterers as per Charter-Party provisions (Please see 'Cancellation Clause')
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]
Look up laytime in Wiktionary, the free dictionary.
Laytime Calculation Software
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)
Further reading[edit]
Laytime Calculation Format
Todd, Paul (1988) Contracts for the carriage of Goods by Sea, page 88, BSP Professional Books, Oxford, U.K ISBN
How To Calculate Laytime
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