Extracts from the Charter Party

In order to calculate laytime, we have to look through the relevant clauses of the charter party, which may read as follows.

Time for loading

Vessel to be loaded and spout trimmed at the average rate of 6.000 metric tons per weather working day of 24 consecutive hours, Sundays and holidays excepted - time from 1200 hours on Saturdays to 0800 hours Monday not to count even if used. At the loading port vessel is to tender Notice of Readiness during local office hours and time to count 0800 am next working day. Notice of Readiness is not to be tendered prior to laydays nor within excepted periods.

Laydays/Cancelling

Time for loading not to commence before 0001 hours on the 5th day of July,2010.
Should the vessel not be passed by any national and/or other regulatory bodies, as may be required, and/or independent surveyors, as selected by Charterers, as ready for cargo in every respect and in all compartments and valid written (or by cable/telex/e-mail provided local regulations permit) notice of readiness always accompanied by original pass(es) of said bodies and/or surveyor(s) not have been received at the office of Charterers or their Agents at her loading port before 2400 hors on the 10th day of July 2010, the Charterers or their Agents shall within 6(six) hours after the time of presentation of said bodies and/or surveyor's original pass(es) have the option of cancelling this Charter Party.


Demurrage/Despatch

Demurrage at loading and/or discharging ports, if incurred, to be paid at the rate of US$7000.- (seven thousand dollars) per day pro rata for part of a day.
Any delays caused by ice, floods, quarantine, export or import prohibitions/restrictions, or any other acts of governments, or any other events of "fource majeure" will not count as laytime unless the vessel is already on demurrage. Despatch money earned at loading port(s) to be paid by Owners at half the Demurrage rate for all working time saved at loading port(s) and shall be deducted in acordance with the Charterers' estimate from freight and shall be adjusted on basis of statement of facts. Despatch money earned at discharging port(s) to be paid by Owners at half the Demurrage rate for all working time saved at discharging port(s). Laytime is non-reversile.

Shifting

At load and discharge ports, shifting time from anchorage to first load/discharge berth not to count as laytime, but shifting in between berths is to count as laytime and all shifting expenses are to be for Owner's account.

Fumigation

If required, Charterers privilege to fumigate cargo at their risk, expense and actual time used to count as laytime or time on demurrage, excepted periods always excepted. Master/Owners are not to clause/delay release of Bills of lading by reason of fumigation. Master to be officially advised for the precautions required to be followed during the voyage due to such fumigation(s).