Laytime

Definitions #

The amount of time a charterer is allowed for loading and unloading cargo aboard a ship without having to pay extra charges beyond the agreed freight.

Technical Contractually scheduled period in voyage charters available for cargo operations; if exceeded, demurrage accrues; when unused, despatch may be owed.

Example The charterparty lays down a laytime of 72 running hours at the load port.

Etymology #

From lay (to arrange or remain) + time, used in maritime chartering to denote the window allowed for cargo handling.

Collocations #

laytime statement Record of laytime used and demurrage calculation
laytime start Moment the laytime count begins, usually after NOR is tendered
weather working days Days counted when weather permits working

Real Business Examples #

The laytime began at 08:00 after the vessel tendered notice of readiness.
Under the charterparty, loading laytime will be 48 hours, Sundays and holidays excluded.
If laytime is exceeded, the charterer is liable for demurrage at the agreed rate.

Register & Variants #

Register: formal
BrE/AmE: Global

Synonyms & Antonyms #

Synonyms: allowed laydays
Antonyms: demurrage period

Common Errors #

Confusing laytime days with calendar days Check charter wording: laytime may be 'running days', 'working days', or 'weather working days;' each changes the count.
Forgetting to tender NOR before laytime starts Laytime only starts after a valid Notice of Readiness; delays in NOR means later start time.

Confusable Terms #

Demurrage vs Laytime: Laytime is allowed time; demurrage is the charge for exceeding it.

Frequently Asked Questions

Does laytime include weekends??

Depends on charter wording: if 'running days' or 'all weather days', yes; if 'working days' no.

What is despatch??

Payment by the owner to the charterer when loading/unloading finishes before laytime ends.

Published: 2026-09-26 Category: Shipping