What is the difference between Laydays and laytime? – IILSS-International institute for Law of the Sea Studies

Voyage Charterparty Laytime Interpretation Rules, 1993 as a International Shipping Documents

IILSS 5th July 2022Does time charter have laytime?How are demurrage charges calculated?How do you calculate voyage days?How is laytime calculated?How is voyage charter calculated?What is allowed laytime?What is average laytime?What is fixed laytime?What is laytime and demurrage?What is laytime statement?What is meant by laytime in the context of voyage charterparty?What is non reversible laytime?What is reversible laytime?What is the difference between Laydays and laytime?What is the difference between voyage charter and time charter?What is turn time in laytime?What is vessel laytime?

The so-called ‘Voylayrules 93’ document was prepared by a joint committee of the Baltic and International Maritime Council (BIMCO), CMI, the Federation of National Associations of Ship Brokers and Agents (FONASBA), and the International Association of Dry Cargo Shipowners (Intercargo) to offer to the contractual parties the meaning of twenty-eight sets of initials and most commonly used words in voyage charterparties, such as port, berth, laytime, day, holiday, to average laytime, notice of readiness, demurrage, dispatch money, strike, and so on.