Timesheets and Laytime calculation. After a fixture has been made and the vessel has commenced performance of the charter, "post-fixture activities" become important.
Time charter. A time charterparty contains the terms and conditions mutually agreed upon between shipowners who have let and charterers who have hired a vessel for a stated period, e.g. one year, or she may be let on time charter for one or mire consecutive voyages between certain ports or ranges of ports.