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Lay Currency Charter: Your Gateway to Seamless Transactions
The Lay Currency Charter feature simplifies your currency management, ensuring smooth and efficient transactions. This tool allows you to navigate the complexities of currency conversion with ease, allowing you to focus on your core activities.
Key Features
Real-time currency conversion
User-friendly interface for easy navigation
Comprehensive transaction history tracking
Secure transaction processing
Customizable alert settings for exchange rates
Potential Use Cases and Benefits
Businesses managing international transactions can streamline their payment processes.
Travelers can easily convert and track expenses in different currencies.
Investors can monitor currency fluctuations for better decision-making.
Online merchants can optimize pricing strategies for various currencies.
With Lay Currency Charter, you can overcome the challenges of currency management. It provides quick solutions to your currency conversion needs, reducing the stress associated with fluctuating rates. By utilizing this feature, you gain clarity and control in your financial dealings, empowering you to make informed decisions.
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What is Daytime and Layman?
What is Layman. Paydays refers to a period of specified days (e.g. Jan 7/16) during which owners must present the vessel for loading. 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.
What is a Layman?
Layman is an abbreviation for the 'Paydays and Cancelling Date' clause in a charter party. This clause defining the time window in which the charterers are obliged to accept the vessel in the loading port.
What is the difference between Layman and Daytime?
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.
What does Layman mean?
Layman is an abbreviation for the 'Paydays and Cancelling Date' clause in a charter party. This clause defining the time window in which the charterers are obliged to accept the vessel in the loading port.
What is lay days in shipping terms?
Number of days allowed by a port authority to a ship to load or unload cargo without incurring demurrage or late charges. Lay days may be expressed as (1) Running days: consecutive days including weekends and holidays. ... Lay days begin to run when the vessel is berthed or when its arrival is recorded as arrived ship.
What does Daytime mean in shipping?
In commercial shipping, daytime or payday is the amount of time allowed in a voyage charter or time charter for the loading and unloading of cargo. ... If the charterer's delay means that daytime is exceeded, a predetermined penalty (i.e. liquidated damages) called “demurrage” is incurred.
What is the meaning of Layman in shipping?
Layman is an abbreviation for the 'Paydays and Cancelling Date' clause in a charter party. This clause defining the time window in which the charterers are obliged to accept the vessel in the loading port.
How is daytime and demurrage calculated?
The system calculates the demurrage fee based on the potential or actual daytime, the contractually allowed daytime, and the demurrage fee maintained in the freight contract. The system uses the formula: Demurrage costs = net demurrage time X net demurrage rate X demurrage factor.
What is Daytime calculation?
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.
How is Daytime calculated?
Potential daytime: the system calculates potential daytime based on the quantity in the nomination and the pump rate given in the contract or in the nomination. The system uses the formula: Daytime potentially subject to demurrage = Total daytime incurred — (allowed daytime + excludable delays).
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