Author: John Schofield
Published September 2021
Praised for its unrivalled coverage and lucid writing style, this book provides a comprehensive overview of all aspects of laytime and demurrage, tracing the development of the law from its origins in the nineteenth century right up to the present day. The author delivers an in-depth analysis of both fixed and customary laytime clauses, the rules relating to commencement of laytime in berth, dock and port charters, and discusses under which circumstances laytime can be suspended. Furthermore, it analyses demurrage rules and vital issues such as despatch, detention and frustration.
This eighth edition includes all key judicial and arbitral decisions reported since the seventh edition published in 2016. It also covers suffixes in connection with laytime measured in terms of Working days and Weather Working Days, and disputes arising from tender of NORs at the end of the sea passage.
Laytime and Demurrage is an invaluable guide for both legal practitioners and maritime professionals worldwide, including commodity traders and brokers, shipping companies, P&I Clubs, shipowners, charterers, and arbitrators.
Table of Contents
Preface to the Eight Edition; Chapter 1 General Principles; The Construction of Laytime Clauses; Good Faith, Honesty and Reasonableness; Chapter 2 Laytime Clauses - Fixed and Customary Laytime; Fixed Laytime; Laytime by Reference to Rates of Working Cargo; Availability of Holds; Customary Laytime; Delays Arising Without the Default of Either Shipowners or Charterers; Other Terms of the Charterparty; Where Customary Laytime is Exceeded; Customary Quick Despatch; Chapter 3 Commencement of Laytime; Readiness to Load and Discharge; Changes to Beginning of Laytime; Chapter 4 Interruptions and Exceptions to Laytime; Adverse Weather; Holidays; Strikes; Shifting and Lightening; Chapter 5 Other Laytime Matters; Completion of Laytime; Averaging and Reversing; Cases on Averaging; Multiple Charters; Commencement and Running of Laytime; Laytime Calculations; Chapter 6 Demurrage; Liability for Demurrage; Chapter 7 Despatch; Chapter 8 Detention; Chapter 9 Frustration; Appendix A Laytime Definitions; Appendix B Laytime Definitions for Chater Parties 2014 BIMCO Special Circular No. 8 Dated 10 September 2013; Appendix C The Baltic Exchange Charterparty and Laytime Terminology and Abbreviations