laytime

laytime. Maritime law. Time allowed by a voyage charterparty for the charterer to load or unload cargo. • If more time is used, the vessel’s owner is entitled to compensation for the delay, usu. in the form of demurrage. If less time is used, the owner may pay dispatch. See DEMURRAGE; DISPATCH; LAYDAY. [Cases: Shipping 47, 181. C.J.S. Shipping §§ 113–114, 450.]

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词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。