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 OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.

All terms

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 OilFlow's first-party fraud-cluster corpus in seconds, and confirm identity documents and banking details independently before you transact.