Introduction Laytime and demurrage are fundamental to tramp shipping. Specialist terms which have evolved over the years have been extensively analysed by legal commentators and frequently tested in the courts. This has resulted in subtle distinctions where a choice of term or use of language can ad... Please follow the link to continue reading.
Access the 2024 BIMCO Holiday Calendar Supplement, providing essential information on India's charter party holidays for laytime calculation, available for both members and non-members, with additional services exclusively for BIMCO members.
A case story from a BIMCO member's enquiry about laytime related to holidays
The nineteenth day of June is often known as “Juneteenth” in the USA. But what does this mean for laytime, for example?
BIMCO Waiting for Berth Clause 2002 (Code Name: WAITBERTH 2002) If the loading/discharging berth is not available on the Vessel’s arrival at or off the port of loading/discharging, the Vessel shall be entitled to give notice of readiness within ordinary office hours on arrival there, whether in free... Please follow the link to continue reading.
Complex holiday schedules in India are a special situation for calculating laytime. Read BIMCO's recommendations and about the Indian Holiday Calendar Supplement.
BIMCO collects, assesses, and distributes information related to holidays
India operates an extensive two-tier holiday schedule. Since laytime allowed would be artificially inflated if all these holidays were to be excepted from laytime, a system of declaring “Charter Party Holidays” has existed for many years. BIMCO provides the information in our supplement to the BIMCO... Please follow the link to continue reading.
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