demurrage

Laytime Calculation in Shipping: Worked Time Sheet, Demurrage and Despatch Example

Laytime calculation turns the charterparty and Statement of Facts into a time account: when laytime starts, which periods count, which periods are excluded, when allowed time expires and whether demurrage or despatch is due. This guide works through a complete loading-port example from valid NOR to final time sheet, including weather stoppages, shifting, time on demurrage and the documentary checks operators should make before submitting or defending a claim.