Laytime

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

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.

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