Note Over Quantity Charter For Free
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How is Daytime calculated?
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
What is Daytime calculation?
The purpose of daytime calculations is to determine whether on completion of loading or discharge operations despatch is payable to the charterers or demurrage is due to the owners. Daytime calculations are recorded on a daytime statement.
What is daytime and demurrage?
'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.
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 Layman means?
Layman or L/C — Paydays Canceling — Period during which the shipowner must tender notice of readiness to the charterer that the ship has arrived at the pod of loading and is ready to load, This period is expressed as two dates, for example paydays 25 March canceling 2 April or, when abbreviated as layman, layman 25
How is demurrage rate calculated?
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.
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 demurrage rate?
In business, demurrage is a delay in delivery of a product via delivery truck. The demurrage charge is normally an hourly rate. Unforeseeable until delivery, costs of delays are sometimes separately invoiced from the cost of deliverable.
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