Laytime instruction – part of a work table indicating the amount of Laytime used by a travel charter. As a general rule, a vessel-sharing agreement is concluded between different container shipping companies that agree to operate a regular service on a given line with a number of vessels. To the knowledge of the partnership parties, the charter parties hold the government licences that must be obtained in accordance with the provisions of the charter agreements or reasonably expect to have government licences in ordinary cases that are the responsibility of the charter parties. Time Charter Equivalent is a standard performance index of the marine industry, which is mainly used to compare period-to-period changes in the performance of a shipping company despite changes in the mix of charter types. Laycan or L/C – Laydays Canceling – period in which the shipowner must notify the availability to the charterer that the ship has arrived on loading the cargo and is ready to load, this period is expressed as two dates, for example the layman 25 March cancellation 2 April or, if laycan is abbreviated, laycan 25 March/2 April. The charterer is not required to begin loading until the first of these dates, if the vessel arrives earlier and may have the option of cancelling the charter when the vessel arrives after the second of the dates, known as the cancellation date. Laydays – days authorized by the shipowner to charter or cargo carrier during which the cargo can be loaded and/or unloaded. See also Laytime. Laytime – time that the shipowner authorizes the charter or cargo carrier during which the cargo can be loaded and/or unloaded. It is expressed in number of days or hours or in numbers or tons per day. In the charter section, there is generally a provision for the beginning of the secular period, often at a specified time after the master has granted the time limit, a provision for periods when time does not count. For example, in case of bad weather, weekends or holidays, or a provision on exceeding lay periods or detention damages that are due or not fully used when the shipment may be due.
vsa and Slot Charter . who organizes it, Liner`s headquarters or sheath agent all over the world? Chartering is an activity within the marine industry in which a shipowner leases the use of his vessel to a charterer. The contract between the parties is referred to as the “charter party” (the “charter party” or the French “sharing document”). The three main types of charters are: chartering, travel chartering, and on-time chartering. A charterer can also be a cargo-free party, which takes a ship from the owner to the charter for a specified period and then acts to transport goods with a profit above the rental rate, or even make a profit in a rising market by refloating the ship to other charterers. The amount of space each partner receives may vary from port to port and may depend on the number of vessels operated or placed by the various partners under the agreement. Lump Sum Charter – Charter travel, for which freight must be paid as a lump sum and not per tonne or other cargo unit.