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A voyage charter is the hiring of a vessel and crew for a voyage between a load port and a discharge port. The charterer pays the vessel owner on a per-ton or lump-sum basis. The owner pays the port costs (excluding steering), fuel costs and crew costs. The payment for the use of the vessel is known as freight.
Paydays refers to a period of specified days (e.g. Jan 7/16) during which owners must present the vessel for loading. The cancelling date is the final payday and the date beyond which, if the chartered vessel has not been presented for loading, the charterers may reject her and cancel the charter.
If the number of running hours or days spent loading or discharging the cargo, after the Notice of Readiness is properly given, varies from the contractually agreed amount of time, then the daytime is paid by the charterer as demurrage or the shipowner as despatch, at the hourly or daily rate specified in the voyage
The daytime calculation is a function that uses the daytime agreement from freight contracts and the specific daytime events saved in the carrier nomination. In the freight contract you maintain information about the allowed daytime of a vessel during loading, discharging, or lighter age.
Paydays should not be confused with daytime, which is the period allowed to the charterers for loading and/or discharging without payment additional to the freight. Together, paydays/cancelling or, as it is often called, the layman is the period within which the vessel must be presented at the agreed port or place.
'daytime' refers to the time allowed in a voyage charter for cargo to be loaded on to or unloaded from a vessel. And. 'Demurrage' is incurred after the permitted daytime is spent.
Layman means the earliest date on which Daytime can commence and the latest date, after which the charterer can opt to cancel the Charter Party. Layman means the period during which the Owner must notify Charterer that the Vessel is ready for delivery.
Calculation of Demurrage. In the calculation of demurrage amount payable to shipowner, demurrage rate is multiplied by the number of days or part of day in excess of the agreed daytime. For example: Total Daytime Allowed 11 days.

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