Lay order

The period during which imported merchandise may remain at the place of unlading without some action being taken for its disposition., i.e. beyond the 5-day general order period. See general order.

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Laytime

The time allowed by the shipowner to the charterer or shipper in which to load or discharge the cargo. May be expressed in days or hours, or tonnes per day. Laytime may be set in running days (calendar day), working…

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