Katerina’s research focuses on shipping policy and strategy, management, logistics, freight. Stages of laytime calculation. The writing system of ancient Mesopotamia something that.
- Mar 01, 2016 Laytime calculation is one of the most laborious, objectionable and time-consuming tasks in the shipping business; however, if done accurately, it can save a lot of money. With DANAOS powerful but user-friendly Laytime and Demurrage Calculation software, you need only minutes instead of hours for error-free calculation.
- The features and calculation of laytime is vital layyime for commercial shipping. Displays in the top field all port calcuoation events identical for all cargoes in a selected port: For example, the quantity of cargo is important if laytime is to be calculated.
Easy understanding of Laytime calculation in a Voyage Charter Party:
The statement of Fact is an important document for Laytime calculation. SOF should be agreed by all parties involved (master, stevedore, agent, port, shipper, receiver etc.), and will normally be presented by the agent to the master for his signature and return; the master should retain a copy. It’s master look out to verify the timing with port log book before signing. There always chances that the charterer’s agent may have obtained inaccurate times from his terminal supervisor, or may, for example, have recorded a period of rain in the vicinity of his office or surrounding area that did not affect the ship for the same period.
The SOF/Time Sheet is an extract from the vessel’s port operations log provided by the charterer’s agent and contains times of all relevant events, including:
• The arrival of the ship;
• Notice of Readiness tendering time ;
• Commencement of lay time;
• Commencement of cargo operations & Termination of cargo operation
• Periods of suspension of laytime & Termination of laytime.
Vessel’s agent cheeks all details in SOF and preparing the Laytime Statement, from which any amount of demurrage or despatch money payable will be calculated.
Laytime calculation is required for determining whether on completion of loading or discharge operations despatch is payable to the charterers or demurrage is due to the owners.Vessel’s master should keep a track of Laytime, commencement of laytime, and running, interrupted or expired of laytime. Laytime calculation is recorded on laytime statement. The vessel’s port agent is generally responsible for calculating the total sum due and rendering accounts.
Below stages are required in a laytime calculation:
1. Understanding of relevant clauses in the charter party.
2. Obtain SOF from vessel’s agent.
3. Determine the duration of laytime allowed.
Laytime Definition
4. Ascertain time of commencement of laytime.
5. Allow for interruptions to laytime as per the charter party.
6. Ascertain time of expiry of laytime.
7. Calculate despatch or demurrage payable.
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How To Calculate Laytime
Laytime