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Note: This form already includes standard terms.

Laytime Terms describe when ports are open for loading and discharging.

On the Data Center menu , under Charter Party Terms, click Laytime Terms.

To add a new Laytime Term:

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1. Hovering over this field will reveal the description: "A factor by which to multiply loading/discharging time to accommodate the port's open hours.
   The formula for calculating Factor is: Factor = Total Possible Laytime Hours ÷ Total Laytime Term Hours 
2. Users will need to manually calculate and enter the Factor value accordingly.
   Example: Total Possible Laytime Hours for a week (7 Days) sums to 16800 (or simply 168 hours).
   A user creates a new Laytime Term where Saturdays and Sundays are excluded. Total Laytime Term Hours calculate as follows: 5 days * 24 hours in each day = 120 total hours
   Therefore, Factor would be calculated as follows: 168 Total Possible Laytime Hours ÷ 120 Total Laytime Term Hours = 1.4000