Laytime 3 : Time allowed by the shipowner to the voyage charterer or bill of lading holder in which to load and/or discharge the cargo. It is expressed as a number of days or hours or as a number of tons per day
EESiFlo North America, Terminology and Glossary: Maritime Terms, Pennsylvania, USA 2002, flowmeterdirectory.com/flowmeter_terminology. (Mrtm/ Ports and Ships - Amer) {539}