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.

Β 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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What is a Statement of Facts?