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Note: This form already includes standard terms.
Laytime Terms describe when ports are open for loading and discharging.
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- Enter the times to be included in Laytime.
- Close the Subterms form and save the Laytime Terms form again.
In the Factor column:
- 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 - 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