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Lay Equation Contract Feature
The Lay Equation Contract feature offers a streamlined approach to managing contracts. It simplifies the process of creating, tracking, and executing agreements, ensuring that you can focus on your core business tasks.
Key Features
User-friendly interface for easy navigation
Customizable templates to fit various needs
Automated reminders for important deadlines
Secure storage for all contract documents
Real-time updates to keep all parties informed
Potential Use Cases and Benefits
Track vendor agreements efficiently
Manage employee contracts with ease
Streamline client agreements to shorten negotiation time
Facilitate compliance with legal obligations
Enhance collaboration among team members on contract details
With the Lay Equation Contract feature, you can resolve challenges related to contract management. By providing you with the tools to create and monitor contracts effectively, it helps eliminate confusion and delays. You will find peace of mind knowing that all your agreements are organized and accessible, allowing you to concentrate on growing your business.
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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).
What is a lay bet?
Lay betting is an option on exchanges like Bet fair where bettors can play the bookmaker, offering odds to sell a bet instead of to back a bet. ... It is a type of bet that is placed when you are selling a bet, rather than buying a bet. It is generally placed by punters who play the role of bookmaker, hence “lay betting”.
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.
What does a lay bet pay?
LAY BETS PAYOFFS AND COMMISSION If you bet $3 on 5 or 9, a winner will bring you $2, and if you bet $2 on 4 or 10, a winner will bring you $1. The commission amounts to 5 percent of the amount you would win if the shooter rolls a 7. Let's set our bet sizes all to amounts that would win $20 to make an easy comparison.
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 reversible Daytime?
Reversible daytime. Reversible means an option given to the charterer to add together the time allowed for loading and discharging. Until this total time expires, no demurrage becomes payable. When the option is exercised the effect is the same as if a total time was specified to cover both operations.
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 a lay bet mean?
Lay betting is an option on exchanges like Bet fair where bettors can play the bookmaker, offering odds to sell a bet instead of to back a bet. ... It is a type of bet that is placed when you are selling a bet, rather than buying a bet. It is generally placed by punters who play the role of bookmaker, hence “lay betting”.
What is a lay bet craps?
The Lay Bet in Craps. The Lay bet is basically opposite of the Buy bet. You bet that a 7 will appear before one of the point numbers (i.e., 4, 5, 6, 8, 9, or 10). For example, suppose you notice a temporary trend where the number 5 hasn't appeared in the last 30 minutes.
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