Glossary
Lay Days
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An agreed upon time between the shipowner and the charterer during which the ship will be available for loading or unloading.
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What are Lay Days?
Lay days are a set number of days agreed upon in a charter party, during which the charterer has the right to use the vessel for loading and unloading cargo at a specified port. The lay days are calculated from the time the vessel arrives at the port and are agreed upon by the charterer and shipowner. The number of lay days can vary depending on the size of the vessel, the type of cargo, and the specific terms of the charter party.
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