Laytime on a spot voyage
Laytime on a spot voyage : laytime is the amount of time in port granted by the owners of the vessel under the terms of the charter party for the charterers to arrange for the loading and discharging of the cargo. The usual amount of total time allowed to charterers in the tanker trades is 72 running hours. Any excess time used will be paid for at an agreed rate. This is known as demurrage. In the tanker trades, any time saved (dispatch) will not be credited to charterers, however
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