Laytime Used
Laytime used = arrival to completion minus excepted periods. Compare against CP-allowed laytime to determine demurrage/despatch.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Clock time from NOR to completion | h | |
| Excluded period per CP (typ 6 h) | h | |
| SHEX, rain, weather suspension | h |
Source: BIMCO - Voylayrules 93
In short
Laytime used = arrival to completion minus excepted periods.