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Despatch: ATS vs AWTS comparison

Compare despatch payable under 'all time saved' (ATS) vs 'all working time saved' (AWTS) conventions. The two methods can differ substantially when significant time has been excluded from laytime.

CharteringDespatchATSAWTS
ATS despatch
22,500USD
AWTS despatch
27,500USD
Difference (AWTS minus ATS)
5,000USD

Formula, assumptions, and limits

ATS=(Allowed−Elapsed)×Rate;AWTS=(Allowed−(Elapsed−Excluded))×Rate\text{ATS} = (\text{Allowed} - \text{Elapsed}) \times \text{Rate}; \quad \text{AWTS} = (\text{Allowed} - (\text{Elapsed} - \text{Excluded})) \times \text{Rate}
SymbolMeaningUnit
AllowedAllowedLaytime allowedh
ElapsedElapsedClock hours commencement to completionh
ExcludedExcludedHours excluded from counted laytimeh
RateRateDespatch rate per dayUSD/d

Source: John Schofield, Laytime and Demurrage, 8th ed

In short

Side-by-side despatch payable under all time saved vs all working time saved.

Learn the theory Laytime: Voyage Charter Time Accounting