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What is a Lay time Statement?

A document on which the agent has made a calculation of the amount of demurrage (owed to owners) or despatch (owed to charterers), as the case may be, based on the facts in the Statement of Facts.

 The Laytime Statement (sometimes confusingly headed Laydays Statement) is submitted to both owners and charterers. Several layouts are in use including a BIMCO- recommended format and various charterers’ house styles, each slightly different but containing the same essentials, these being columns for: Day; Date; Time or Hours worked; Remarks; Laytime used; Time saved or time on demurrage. Space is left at the foot for despatch or demurrage calculations.

 

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Written by Ship Inspection

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Who must the cargo be delivered to?

What is a Statement of Facts?