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

法律翻译Frank，毕业于英国一流的高级翻译学院，专注翻译各类与娱乐、体育及媒体有关的法律文件。