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Charter party messages and market reports sometimes refer to a “laycan” or “lay/can” period. What is this?
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What provisions does a Cancelling Clause in a voyage charter party usually contain?
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What is laytime?
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What three conditions must normally be met before laytime can commence?
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What is an “arrived ship” (the first prerequisite for laytime to commence)?
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How can a master determine whether his ship is an “arrived ship”?
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What does “ready to load” mean (the second prerequisite for laytime to commence)?
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How can owners ensure that charterers will not obstruct the commencement of laytime by preventing a vessel from reaching the loading berth?