Shipping & logisticslaytime
Laytime
The time allowed under the charterparty for loading and discharging cargo.
Laytime is the time allowed under the charterparty for the charterer to load and discharge cargo. Once laytime runs out, demurrage starts accruing.
Laytime clocks differ across SHINC (Sundays and holidays included), SHEX (excluded), WWD (weather working days), and whether NOR triggers laytime immediately or after a fixed hours-in-berth.
Frequently asked
- What does Laytime mean in oil and commodity trading?
- The time allowed under the charterparty for loading and discharging cargo.
- How do I check a counterparty that uses Laytime 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