Laytime

Definition

The agreed time allowed by a charter party for loading and discharging a cargo — if exceeded, demurrage charges apply; if saved, dispatch money may be paid

Context for Indian Seafarers

Understanding Laytime is essential for DG Shipping examinations and practical shipboard operations. This term appears in MEO Class 4 oral exams, 2nd Mate FG assessments, and Function-wise competency tests.

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