Independent journal on economy and transport policy
01:33 GMT+2
When a notice of readiness to start laytime is invalid
(Shipping Times)
July 10, 1998
By Selva Kumar
A VOYAGE charter typically involves the calculation of the time taken to load or discharge (laytime) as a charterer which exceeds the laytime is liable to pay demurrage (liquidated damages) to the owner. Laytime commences when the master gives notice of readiness and often there are conditions in the charterparty on when laytime shall start. ...... Read more on Shipping Times
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