Common use of Laytime Clause in Contracts

Laytime. Total laytime shall consist of the allowed time day or night as set forth below for loading, including Saturdays, Sundays and holidays. (i) All Vessels (Other Than Barges). Allowed laytime shall be, in order of the precedence, (a) the allowed laytime as agreed by the Parties at the time of Vessel acceptance, (b) voyage chartered – where the single voyage Vessel charter party agreement specifies a laytime allowance per hour or specific laytime allowance for loading, then such allowed laytime shall apply, pro rata for part cargo, otherwise the laytime allowance shall be one-half (1/2) of the total laytime allowance as provided in the single voyage charter party, pro rata for part cargo or, if neither (a) or (b) apply,