Shipping & logisticslaycan
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.
Frequently asked
- What does Laycan mean in oil and commodity trading?
- Loading and cancelling dates — the window within which a vessel must arrive at the load port.
- How do I check a counterparty that uses Laycan in a deal?
- The term itself is not enough to clear or condemn a deal. What matters is the counterparty behind the pitch. Screen that name for free against 8 sanctions lists plus PEP and OilFlow's first-party cluster corpus in seconds, or order the full 7-step dossier for $25, and confirm identity documents and banking details independently before you transact.
See also