This covers principles of laytime and demurrage for dry and wet trades, and examines the application of laytime and demurrage in daily operations.
The Laytime Definitions for Charter Parties have been developed to provide practitioners with a set of meanings of commonly used words and phrases. The objective is to help reduce disputes about party intentions in a market where fixtures are often concluded on the basis of a recap message and liste... Please follow the link to continue reading.
This covers principles of laytime and demurrage for dry and wet trades, and examines the application of laytime and demurrage in daily operations.
This covers principles of laytime and demurrage for dry and wet trades, and examines the application of laytime and demurrage in daily operations.
This covers principles of laytime and demurrage for dry and wet trades, and examines the application of laytime and demurrage in daily operations.
The general position under English law is that once laytime has started to count, it will count unabated, save the exceptions expressly agreed or if there is a fault on the part of the owners or those for whom they are responsible. Here, we will focus on a few of the most common exceptions, and on w... Please follow the link to continue reading.
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