laytime


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Related to laytime: laycan

laytime

(ˈleɪˌtaɪm)
n
(Commerce) commerce the period of time allowed by a shipowner to a carrier to carry out cargo loading or discharging operations
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
Translations
estarie
References in periodicals archive ?
The performance indicators include the mean laytime of train (MLT_Train), the mean laytime of truck (MLT_Truck), the mean waiting time for handling operation of train (MWT_Train), and the mean waiting time for handling operation of truck (MWT_Truck), which are calculated from the 95% confidence interval of the simulation results and are normalized with respect to the historical values.
A claim for demurrage arises in the context of a voyage charterparty when a charterer exceeds the permitted time period for loading and/or discharging its cargo (commonly known as 'laytime').
Shipping companies avoid calling at container terminals with low productivity in order to reduce their port laytime as the vessels become larger (Yang, 2004).
LNG voyage charter form emerges from the absence of a laytime and