Combined load + discharge laytime under reversibility.
Formula
$$ \text{Net} = (\text{Used}_L + \text{Used}_D) - (\text{Allowed}_L + \text{Allowed}_D) $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $\text{Used}_L$ | Hours used at load port | h | SoF |
| $\text{Used}_D$ | Hours used at discharge port | h | SoF |
| $\text{Allowed}_L$ | Hours allowed at load port | h | Charter party |
| $\text{Allowed}_D$ | Hours allowed at discharge port | h | Charter party |
Sources
- BIMCO LAYTIMEDEFS 2013.