Laytime exception clauses

Laytime Definitions for Charter Parties 2013

The Laytime Definitions for Charter Parties have been developed to provide practitioners with a set of meanings of commonly used words and phrases. The objective is to help reduce disputes about party intentions in a market where fixtures are often concluded on the basis of a recap message and listed amendments, without the exchange or return of draft contracts. These provisions have been developed for incorporation into charter parties. The latest edition of these definitions is the Laytime Definitions for Charter Parties 2013.

Laytime and general exceptions clauses

Breakdown of shore appliances - whether laytime is suspended

What are the differences between demurrage and detention?

Demurrage forms an integrated part of the laytime provisions in voyage charter parties operating with fixed laytime. Just as voyage freight, the amount of demurrage negotiated reflects the current market conditions and not necessarily the daily cost of the vessel. This means that it is just as important to negotiate the applicable demurrage rate as skilfully as it is to negotiate the rate of freight. Demurrage constitutes the compensation to which the owners are entitled, if the charterers fail to load or discharge the ship within laytime allowed. However, different jurisdictions construe demurrage differently.

Recommencement of laytime at second and subsequent discharging ports - whether notice of readiness is required at each port

GUEST OPINION: John Weale on GENCON 2022 - Part 2 The Drafter's Challenge

Laytime & demurrage under the new GENCON - an opinion piece by John Weale, Chairperson of the GENCON revision subcommittee

Laytime definitions for charter parties 2013

Customised inhouse training

Empower your shipping practitioners to overcome today’s maritime commercial and legal challenges, with BIMCO training that’s made just for you.

Despatch