In the first in a six-part series, Mark Ledger, manager at law firm Clyde & Co, examines what is exactly meant by demurrage and laytime In simple terms, laytime can be considered as the time available under a voyage charter for the charterer to carry out the cargo and associated operations such as waiting for a berth, loading and discharging cargo. It should be noted that owners are not entitled, merely because the laytime has expired and the charterparty is not completed, to treat the char....

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