Enqlare's powerful laytime calculator allows for easy selection and application of clauses and terms, resulting in quick and accurate turnaround for laytime calculations. 100% (2) 100% found this document useful (2 votes) 2K views 3 pages. It may even be stated by number of hours, which is quite common in tanker voyage charters. Laytime Calculator 2 -. Templates. For each port, time allowed and time used are automatically prorated, based on the. The time charter can be compared with the hiring a cab on per hour basis. IMSBC Code circulars. Don’t struggle any more with excel sheets. 135 meters. Spreadsheets v. Smart, convenient and low priced personal ERP for Tramper business. SUBSCRIBE to our channel. Compare actual laytime used (45. In most of the cases, the laytime would commence to start when the vessel has arrived at the port. ; On the Demurrage Summary, click and then click New Laytime. Laytime Calculation Excel, Laytime Calculation Software The shipping community has been grappling with questions regarding the rapid and efficient calculation of laytime while keeping costs in check. if Notice. 5 days Demurrage = $22,500. 1. Understand and review relevant clauses in the charter party with reference to laytime. Step 2. None. Download and customize a timesheet for Microsoft Excel® and Google Sheets. 95 meters. next working day if notice given during office hours after noon. "DAY" shall mean a period of twenty-four consecutive hours running from 0000 hours. If you are in a hurry, simply download the Excel file. In tanker chartering, the Statement of Facts (SOF) includes dates and times for tendering notice of readiness, commencement and completion of cargo operations, and details of pumping times and delays, together with reasons for the delay. In most of the cases, the. The features and calculation of laytime is vital importance for commercial shipping. ‘x’ is frequently 72 hours and would be if fixed on the basis of Worldscale Hours Terms and Conditions but of course it can be much more or much less depending on the size of the vessel, the type of voyage and the agreement of the Owners and Charterers. Laytime and Demurrage are probably the most important terms in a Charter Party and can have significant financial implications. The Enqlare Laytime calculator software. 3. Enter the Vessel and. com. Ship completes discharge on Friday. Deadfreight refers to the payment made by the charterer to the shipowner for the unused cargo capacity when the charterer fails to provide the agreed-upon cargo quantity. ATUTC (All Time Used To Count) - Laytime stipulation that all time utilized by the voyageTramper Business for Company Co-Working Application with various functions such as Contract, Estimation, Operation, Address book, Statistics and more. Lindenstrasse 2 Tel. Below are the typical stages that need to be followed for a laytime calculation: 1. A key factor is how long the voyage will take to perform. There are a few dissimilarities between Voyage Estimation for dry cargo ships and tankers. Shipping KPIs. Our “Enqlare - Laytime” module includes a powerful laytime calculator that can quickly create laytime statements, helping you avoid costly input errors and mistakes. Background facts The vessel was fixed for the carriage of. With the same vessel, you can evaluate and. Re -Appraising the Concept of Laytime in Charterparties. Demurrage: 1d 9h 34m @ $ 1800. Laytime. . An introduction will be given here to laytime calculation, based on different charterparty terms and for dry cargo and oil cargo. Print and share statements directly from Excel. The interpretation of Ship’s Laytime Time Counting splits into two distinct parts: When Laytime Begins to Count. 5,Allow for interruptions to laytime as per the charter party. of Shinc/Shex codes is available Easy to insert interruptions Laytime Statement available for e-mail or fax Demurrange or despatch figures can be transferred to fixture and included. 1 Calculation of Laytime There are a few different ways how the period of laytime is usually defined in char-terparties. If any relevant information is missing, complete the fields. Despatch payable on "working time saved". Delivered remote training and preparation of materials relating to. ATS (All Time Saved) - calculation of despatch money payable by the owner to the voyage charterer which is usually the time saved to the vessel from the completion of the loading or discharging operation until the end of permitted laytime. Our smart Laytime calculator simplifies complex calculations for faster, more accurate solutions. None. hh:mm hh:mm COUNT %. 95 x 2. These timeframes can be categorized in various ways: Running days: Encompasses consecutive days, including weekends and holidays. The Charterer furthermore has excluded from its laytime calculation ie time used to turn the vessel around to discharge the vacuvators sitting on the deck. See the Key Information below. In the middle of the Laytime Calculation form is the Port Activities list, or Statement of Facts, which is the basis for laytime. exe as the value for the flag. used Demurrage/. NOR tende 0. Ship completes discharge on Friday having used only 7 days. DE = Delay Ends. Ascertain time of expiry of laytime. Say farewell to re-writing: Trade Laytime Calculation information records with several. Description: When enabled, each portcall will have a single tab in the laytime calculator, where activities and deductions for all cargoes handled at that port will be listed. In the freight contract you maintain information about the allowed laytime of a vessel during loading, discharging, or lighterage. exe as the value for the flag. LAYTIME CALCULATION VESSEL : B/L DATE : 5. Loading Start Time: Loading End Time: Discharging Start Time: Discharging End Time: Enqlare's powerful laytime calculator allows for easy selection and application of clauses and terms, resulting in quick and accurate turnaround for laytime calculations. Advanced Laytime & Demurrage Appreciate the various methods of laytime calculation – reversible, non reversible and averageable Master the skill of calculating laytime for both dry and wet cargoes and ensure that your calculations are correct and to your advantage Analyse in detail the various issues affectingCan your Excel spreadsheets or 1990's CD-Rom based Laytime Calculator or non collaborative VMS system answer those questions right now? The answers to all these questions and the speed at which a business can answer them, quite quickly highlights how good, or in a lot of cases bad, a business’s management of their laytime. The Booking-Based Laytime Calculation form has two tabs: the Calculation tab and the Grouping & Invoicing tab . A GENCON Berth charter party, with modifications and rider clauses, provides for: Cargo: Full cargo bulk maize subject to vessel's capacity; expect vessel to load about' 14,250 metric tons and to discharge 5,000 mt at first discharging port with remainder at second. Laytime for loading and discharging: 72 hours (3d 0h 0m) Notice of Readiness and Laytime clause: "Upon arrival at customary anchorage at each port of loading or discharge the Master or his agent shall give the Charterer or his agent notice by letter. “However, the calculation of laytime gave rise to difficulty because laytime was not expressed as a period of days or hours, but in weather working days, which did not run when the weather prevented working, Saturdays, Sundays and holidays. 00 per day and pro rata = $2512. It has continued to offer reliable, authoritative, and in-depth analysis since the first edition published in 1986. 1 Calculation of LaytimeUnder Laytime, for demurrage/despatch claims, letters appear that refer to the port function and sequence used in the Laytime Calculation. It is essential for the master to examine the details outlined in the charter party. In the freight contract you maintain information about the allowed laytime of a vessel during loading, discharging, or lighterage. With data-driven insights, we empower smarter shipping. expiration des staries · expiration du délai de planche · expiration du délai de staries. Unless the charter party contains special provision to the contrary notice of readiness (hereafter referred to as NOR) may only be given when the ship is ‘an arrived ship’. Feel free to download the sample copy of the lecture slides. Tutor: Lis-Anne. Therefore, this article is intended to be a brief overview of the main conditions that are generally required for laytime (or, if applicable, demurrage) to commence, together with references to the significant supporting case law underpinning the guiding principles. given before noon and at 8am. Netpas Tramper Single License Policy. To set up multiple Demurrage Rates, right-click a port in a Laytime Calculation and click Demurrage/Despatch Rates. Laytime calculator for the dry bulk shipping industry. Right-click an itinerary line and click any of the following: Step 1: Calculate the excess laytime Excess laytime = Actual laytime used – Allowed laytime Excess laytime = 5. There may be considerable sums of money at stake, which will have a noticeable effect on a ship’s profitability, or on a Charterer’s income. If laytime is exceeded, the charterer pays liquidated damages or ‘demurrage’. Reversible laytime calculations are not currently available, but are coming in version 2. Determining the duration of laytime. - Given the following stowage plan, calculate laytime permitted for the vessel on the basis of 250 tonnes per WWD SHEX. This clause deals with issues affecting the counting of laytime. Easy to learn and use. Deadfreight can be added to allow for extra time in a laytime calculation by overriding the "Laytime Quantity". After a fixture has been made and the vessel has commenced performance of the charter, "post-fixture activities" become important. Commence loading June 10, 2013, 1100 hrs. 3. BE = Bunkering Ends. Fill Laytime Calculation Excel, Edit online. If any relevant information is missing, complete the fields. Calculate laytime easily and accurately. LOADING RATE AS PER AGREEMENT: 15,000 MT SHINC. Where this is the case, the laytime calculation is shared on a pro-rated basis in proportion to the tonnage shipped by each vessel as a fraction of the overall tonnage. 4 Notice of Readiness, Laytime or time on Demurrage resumes after such tender and, in respect ofIn a London arbitration award concerning the calculation of laytime and demurrage at the discharge port (see Lloyd's Maritime Law Newsletter 71, July 22 1982), the decision went in favour of the. A dynamic Excel template for calculating employee working hours and overtime. The Enqlare Laytime calculator software. With Start times. SOFeXchange V1. 6. com Charter Identification Ports Summary M. When you complete the Booking-Based Laytime Calculation Setup form, the Booking-Based Laytime Calculator appears. The period may be stated by number of days. Print and share statements directly from Excel. The calculation of laytime and demurrage under oil and gas sales and purchase contracts requires training and a skill set which goes beyond the basic principles of the voyage charterparty calculation. AF = All Fast. DATE DAY DESCRIPTION % REMARKS. The system uses the formula: Demurrage costs = net demurrage time X net demurrage rate X demurrage factor. Uploaded by ravibhartia1978. Laytime – Terminologias aplicadas ao cálculo. m. In most voyage charter parties, loading and discharge times are. Laytime calculator for the dry bulk shipping industry. Our Laytime Calculator delivers speed and ease of use to save you time and money. This means that laytime includes Sundays and public holidays. A brief history of laytime. Custom statement templating. What Time Counts and What Does Not. SUBSCIRBE. Ollie van der Zee Claims Executive and lawyer, has observed in a Skuld member advisory that even the most clear cut, fixed laytime regimes agreed in a voyage charter could still result in a disagreement – whether it be about when a vessel became an arrived ship, whether a particular load rate was achieved, or whether or not an. Laytime is a set time given by the Shipowner to the Charterer in order to load and unload cargoes from the vessel, without the additional demurrage costs. BILL OF LADING TONNAGE LOADED 71,595. Nevertheless, a hatch that is capable of being worked by two gangs simultaneously shall be counted as two hatches. for Smarter Shipping. For the full version of the lecture slide to download. SHEX stands for Sundays and Holidays Excluded and is a method that shipowners use to calculate the total laytime of a vessel. 252; Common law. Loading Port. You will have four(4) options as below for Passing/Bypassing (S)ECA to select suitable for your voyage. Nitora Commodities AG. In the carrier nomination you maintain the events that. Laytime for loading and discharging: 72 hours (3d 0h 0m) Notice of Readiness and Laytime clause: "Upon arrival at customary anchorage at each port of loading or discharge the Master or his agent shall give the Charterer or his agent notice by letter. A time sheet template isn't really meant to be the cure to all of your time management problems, but if you are looking. Laytime dapat dimulai walaupun kapal belum dilakukan bongkar muat. Extensive reporting is available for deep insights into port activities and laytime results. The importance of the task of laytime calculating is sometimes not fully appreciated but, as can be seen from the few lines already written, the profes- sional calculator of laytime must combine the talents of amateur lawyer, mathematician and negotiator in order to succeed at his work and, in properly carrying out his duties, he can save. Note: The row fields under Laytime Qty remain blank until data is. the period of time allowed by a shipowner to a carrier to carry out cargo loading or discharging operations. Reversible laytime calculations are not currently available, but are coming in version 2. If you are an associate standard member, we’re sorry that this area is not available. Laytime Calculator. The Booking-Based. Determine the duration of laytime allowed. NEW Laytime Calculation Version 8. 2. 95 meters. Laytime Commenced – 03rd January 1300 Hours. You can print laytime calculation. g. Reviews, coupons, analysis, whois, global ranking and traffic for laytimecalculator. Each pair of parallel twin hatches shall count as one hatch. fLaytime Method. On the laytime saved Owners have to pay back to Charterers at half the demurrage rate. Using the data above the following statement of fact were obtained at the port Houston (loading Port) The vessel arrives on June 8, 2013, at 0800 hrs. Custom statement templating. Benefits - Make right and quick decision by various analysis. Easy to learn and use. For chemical tankers, see Demurrage SumCLAIMING DEMURRAGE. With DANAOS powerful but user-friendly Laytime and Demurrage Calculation software, you need only minutes instead of hours for error-free calculation. We did it. The following video shows you how the Enqlare Laytime module is easy to set-up for a laytime calculation, play video. Try our effortless “Laytime Calculator / Timesheet”. | Meaning, pronunciation, translations and examplesEm nosso curso de LAYTIME CALCULATION EM CHARTERING, proporcionamos aos alunos uma imersão nesse tema complexo, mas que é fundamental para quem atua no mercado de transporte de cargas breakbulk. However on the other hand, accurate laytime calculation can save a lot of money. A standard method should be used but it should be mentioned here that various parties. View NEW UNIT 5 CALCULATING LAYTIME. Reversible laytime calculations are not currently available, but are coming in version 2. 00 USD RATE OF D 4750 USD. Minimum system requirements: Windows 7 or up Minimum RAM required by Operating System; 100MB free hard drive space; Minimum monitor resolution of 1024 x 788LAYTIME shall mean the period of time agreed between the parties during which the owner will make and keep the Vessel available for loading or discharging without payment additional to the freight. It runs as an add-in for Excel and is available on Windows, Mac, mobile, and in the browser. 1 Laytime And Demurrage Pdf Right here, we have countless book Laytime And Demurrage Pdf and collections to check out. Tahapan Laytime: 1. Yes, just enter the realistic START DATE, check the CUSTOM port stay button and enter the realistic port stay (e. This period is to allow the charterer time to prepare for the loading/discharge operations, for example, opening hatches, connecting lines etc. 48264 days. For calculation of laytime, it is important to know when the laytime counting and calculation would start. CA = Free Pratique Granted. 148; Communications with vessel. “However, the calculation of laytime gave rise to difficulty because laytime was not expressed as a period of days or hours, but in weather working days, which did not run when the weather prevented working, Saturdays, Sundays and holidays. The laytime calculation methods include averaged, reversible, and non-reversible laytime. Laytime expressed as a total daily rate basis—a specified number of available workable hatches 47 ix. X CONTENTS CUSTOMARY LAYTIME 50Report this post Report Report. What Time Counts and What Does Not. 0. To set up a Laytime Calculation, use one of these methods: In the Voyage Manager, click and then click Laytime Calculation. CD = Cargo Documents On Board. The purpose of calculating laytime is not only to calculate the time during which. 17. Try Now!LAYTIME CALCULATION STATEMENT OF FACTS & LAYTIME CALCULATION TABLE Shipper Receiver Bill of Lading weight/quantity Discharging completed Cargo documents on board Outturn quantity Cargo Vessel's name Owners/Disponent Owners Agents Port Discharging commenced Name and signatureLaytime can be defined in different ways in a charterparty, in terms of calculation of the laytime as well as more detailed definition such exclusion of weekends from it or admitting only weather working days within it. de «laytime» no. CA = Free Pratique Granted. Easy to learn and use. Back Submit SubmitTo create a new Laytime Calculation, do one of the following: Click + and then click New Laytime. Insights & Information. To reset percentages to default values, below the Port Activities or Deductions grid, click and then click For all ports or For current port . 2. The term laytime in a charter party refers to the allocated time the charterer has, to load. Commencement of Laytime (Permulaan Laytime) Agreed Destination Laytime is time allowed to a vessel for loading and discharge of cargo, whereas demurrage is compensation for failure to load or discharge the vessel within laytime. Custom statement templating. Determine the duration of laytime allowed from the contract clauses. 영어 사전에서 «laytime» 의 를 원하면 클릭하세요. . What are the different types of Laytime?. The laytime calculation is a function that uses the laytime agreement from freight contracts and the specific laytime events saved in the carrier nomination. AF = All Fast. Charter Party Terms for. (S)ECA Distance & Bypass (S)ECA Options (S)ECA distance is shown separately on the voyage for your convenience. info@burmester-vogel. Port Activities are shown in a separate tab for each port, and an All Ports tab shows all activities in a single list, in chronological order. The Shipping System: Laytime Calculation is developed by Burmester & Vogel. Laytime Calculation ( Excel Page ) Statement of Facts ( Excel Page ) Voyage Estimation ( Excel Page ) Gencon 94 CP blank ( PDF Page ) Annual Reports ( Excel Page ) Fixture Cover ( Excel Page )Laytime is the amount of time which the owner and charterer agree it will take to load and discharge the cargo carried on board the vessel. There are seven stages in a laytime calculation: 1,Read relevant clauses in the charter party. uu. u. Print and share statements directly from Excel. For a ship loading 100,000 mt at a loading rate of 10,000 mt per day, the available laytime will be calculated as follows: 100,000 / 10,000 = 10 days. You will have four(4) options as below for Passing/Bypassing (S)ECA to select suitable for your voyage. Assume that: The agreed reversible laytime is 12 days. Laytime Laytime can be expressed in terms of a specific number of days or hours, such as four working days (continuous days of twenty-four hours) or as a fixed. All the essential tools including Laytime Calculator, Off Hire and more are provided for you to finish your job all at once. as advised by port agents). The laytime calculator will automatically select Cargo 2 in the Cargo ID field. , if Notice of Readiness is given before noon and at 8 a. BS = Bunkering Starts. Templates. It is a perfect tool for most of the major types of tramper business such as Voyage, Cargo Relet and Time Charter. One can therefore use SHINC to ‘go digital’ for their laytime claim workflow process yet still capture the ‘dem/des’ result in their VMS. Did laytime start to run when vessel had to wait for berthing and discharge? (London Arbitration 14/21) An LMAA tribunal has rejected arguments by owners that, by requiring a vessel to wait until berthing and discharging was permitted at the discharge port, charterers had invited them to perform an extra-contractual service to. The Laytime Calculator works with the activities recorded in the voyage, across multiple ports and cargoes, whether or not laytime is reversible. ”Here’s another example of laytime calculation in a voyage charterparty agreement:Charterparty Terms: Allowed laytime for loading: 24 hoursAllowed laytime for discharging: 48 hoursDemurrage rate: $8,000 per day or pro-rataDespatch rate: 50% of demurrage rate; Timeline:Calculation of Lay Time Laytime. After a fixture has been made and the vessel has commenced performance of the charter, "post-fixture activities" become important. In commercial shipping, laytime is the amount of time allowed [1] in a voyage charter for the loading and unloading of cargo. Benefits of outsourcing the laytime process Claims to Laytime-Desk: Flexible and scalable, with transparent, pay-as-you-go-options; Tight control of time bars to avoid delays or missed payments due to contractual provisions and applicable statutes of. LAYTIME CALCULATION. Laytime calculation is one of the most laborious, objectionable and time-consuming tasks in the shipping business; however, if done accurately, it can save a lot of money. You can input port log to make detailed laytime calculation. uu. Period of application of exceptions to laytime n exceptions clause will normallyA only apply to laytime t will not protect the charterer afterI the vessel has come on demurrage,LAYTIME STATEMENT Prepared By Prepared For Northern Star Shipping Limited Blue Stork Commodities Inc. 000 mts steel billets at Aliaga and discharged the same quantity at Port of Barcelona. 786 days 6 Days, 18 hours, 52 minutes. Guidance on laytime and detention and example calculations for sub-clause (e) (ii) of the BIMCO Cargo Fumigation Clause for Charter Parties. Understand and review relevant clauses in the charter party with reference to laytime. The objective is to help reduce disputes about party intentions in a market where fixtures are often concluded on the basis of a recap message and listed amendments, without the exchange or return of draft. This section assumes that you have a knowledge of Ship Chartering as covered in the Grade 11 modules. Use the circled format for cell K12, K13 and K14. Where this is the case, the laytime calculation is shared on a pro-rated basis in proportion to the tonnage shipped by each vessel as a fraction of the overall tonnage. As such, CWC exists to ensure a shared burden between the shipowner and the charterer during. File name: layt. of Readiness is given before noon and at 8 a. At Laytime-Desk, the management of the laytime process is our focus and only priority. Check the Laytime related clauses in the Charterparty 2. Period of application of exceptions to laytime n exceptions clause will normallyA only apply to laytime t will not protect the charterer afterI the vessel has come on demurrage,Laytime/Demurrage Calculator. ; On the Vessel Schedule, right-click the. calculation of laytime, it is important to know when the laytime counting and calculation would start. Download an introduction presentation to the Enqlare Laytime product. MARITIME CALCULATION TUTORIALS Dedicated tutors available to help you. ‘x’ is frequently 72 hours and would be if fixed on the basis of Worldscale Hours Terms and Conditions but of course it can be much more or much less depending on the size of the vessel, the type of voyage and the agreement of the. PDF | On Jan 1, 2016, Evi Plomaritou published Calculating Laytime (e-book) | Find, read and cite all the research you need on ResearchGate. Single Charter Party (CP) with single cargo (or parcel) is the most basic type of laytime calculation, consisting one charter party (CP), one cargo and a minimum of two ports (load and discharge). Determine the duration of laytime allowed from the contract clauses. Laytime may alternatively be stated by the rate of loading or discharge. Correct calculation of. It is a perfect tool for most of the major types of tramper business such as Voyage, Cargo Relet and Time Charter. by John Schofield (Author) Laytime and Demurrage is an invaluable guide for both legal practitioners and maritime professionals worldwide, including commodity traders and. Our smart Laytime calculator simplifies complex calculations for faster, more accurate solutions. Is. 2. délai de starie non réversible · starie non réversible. AD = Anchor Out. Print. Cargo ID fields are available in the activities and deductions grids to indicate when a particular activity or deduction should only apply to some of the cargoes handled. Hi everyone - I am looking for a new role and would appreciate your support. This will be equal to 0. Reversible laytime - an option given to the charterer to add together the time allowed for loading and discharging. Loading Completed – Thursday 05th January 1900. The word consecutive was introduced. Laytime and Demurrage is the leading authority for all queries pertaining to this vital aspect of maritime law. (S)ECA Distance & Bypass (S)ECA Options (S)ECA distance is shown separately on the voyage for your convenience. 4. Under a time charter, the charterer hires the vessel for a particular period of time. For each port, time allowed and time used are automatically. Laytime Software what is the difference? Learn more about the Enqlare cloud-based Laytime solution and the potential benefits that it can. The Asbatankvoy charterparty, for example, provides at. Laytime Calculator. Laytime calculation is required for determining whether on completion of loading or discharge operations despatch is payable to the charterers or demurrage is due to the owners. Leverages your knowledge of Excel and the collaborative and mobility features of Microsoft 365. The laytime calculation software in VIP Claims allows you to calculate demurrage with precision and automate review and invoicing to enhance the accuracy and efficiency of internal procedures and processes. Leverages your knowledge of Excel and the collaborative and mobility features of Microsoft 365. interruptions and exceptions to laytime, and 4. 2. The laytime calculation is a function that uses the laytime agreement from freight contracts and the specific laytime events saved in the carrier nomination. Northern Star. Laytime Calculation. Trading VIP & IMOS. The Laytime Calculator works with the activities recorded in the voyage, across multiple ports and cargoes, whether or not laytime is reversible. com. Leverages your knowledge of Excel and the collaborative and mobility features of Microsoft 365. The total laytime for loading and unloading is pooled together and can be used for either operation. The laytime calculation is a function that uses the laytime agreement from freight contracts and the specific laytime events saved in the carrier nomination. Laytimeの終了. Understand and review relevant clauses in the charter party with reference to laytime. Hydrostatix Laytime 365 is a laytime calculator for the dry bulk shipping industry. IMOS handles demurrage and despatch, and demurrage contract terms. Standard Time Sheet. a. Tanker charters based upon Worldscale, the laytime calculation is easier as the scale allows for 72 running hours total for loading and discharging and 96 hours total in port. Right click, click Format Cells, and select the right Time format. Reversible - laytime for loading and discharging can be computed together ROB - remaining onboard (bunkers)STATEMENT OF FACTS & LAYTIME CALCULATION TABLE Company Name. Enter the Vessel and Voyage. Tutor: Lis-Anne. 0 and 8. Print and share statements directly from Excel. Provides quick and easy to use laytime calculation forms. The Itinerary/Options tab cargo handling line includes the Supplier/Rcvr field, added with configuration flag CFGEnableCargoItReport this post Report Report. With data-driven insights, we empower smarter shipping decisions that maximize fleet efficiency and boost productivity. Despatch payable on "working time saved". TIME. The Standard Time Sheet (short form) was published in 1975 and is recommended by BIMCO and FONASBA (the Federation of National Associations of Ship Brokers and Agents) to assist in the calculation of laytime. - If a route passes the Suez, Panama or Kiel Canal, you can calculate canal toll in Port Charge . Some typical examples are as follow: . The logic behind the Trading Profile flag, "Preserve Exposure at Commencement for Ballast Voyages“, has been updated to include freight exposure. It is common for parties to agree that damagesLaytime = ----- = Days Daily Rate per Hatch X Number of Hatches serving that Hold. Info updated on: Apr 06, 2021. SOF Master is a full-featured of statement fact editor. When negotiating a charterparty, the owners will calculate how much freight they require to compensate them for performing the voyage. Burmester and Vogel, Hamburg, has worked in creating Software for the oceanic business since 1983. Lecture 8: Ever wondered How to Calculate Time for Cargo Operation?. Port Activities must be coded for laytime, so the Laytime Calculator knows how time counts toward demurrage. B&V clients and SoF import.