Shipping & logistics
Laycan
Loading and cancelling dates — the window within which a vessel must arrive at the load port.
Laycan (laydays / cancelling) is the window within which the vessel must arrive at the load port for loading. Typically expressed as a 3-5 day spread (e.g. "15-20 Jun"). If the vessel hasn't presented a Notice of Readiness (NOR) by the cancelling date, the charterer may cancel.
Laycan dates are a critical term in the SCO/FCO and locked in the SPA.
Related: NOR, Demurrage, Bill of Lading.
See also