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Laytime Used

Laytime used = arrival to completion minus excepted periods. Compare against CP-allowed laytime to determine demurrage/despatch.

CharteringLaytime
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Formula, assumptions, and limits

Used=TotalTurn timeExcepted\text{Used} = \text{Total} - \text{Turn time} - \text{Excepted}
SymbolMeaningUnit
TotalTotalClock time from NOR to completionh
TurntimeTurn timeExcluded period per CP (typ 6 h)h
ExceptedExceptedSHEX, rain, weather suspensionh

Source: BIMCO - Voylayrules 93

In short

Laytime used = arrival to completion minus excepted periods.

Learn the theory Laytime: Voyage Charter Time Accounting