The agreed time for discharging or loading a vessel without extra charges. Exceeding it is a delay.
The agreed time for discharging or loading a vessel without extra charges. Exceeding it is a delay.
Laytime is the period defined in the charter party allowed for discharging or loading a vessel without extra charges.
If the allowed time is exceeded, daily penalties apply based on: - Number of delay days - Cargo value - Agreed charter terms
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