Book Description

Laytime and Demurrage is an indispensable book for those new to laytime and demurrage as well as anyone who needs a more in-depth analysis. It is considered to be the main source of authority on all issues to do with laytime and demurrage. This book deals with all aspects of laytime, demurrage and detention, tracing the development of the law from its origins in the nineteenth century and earlier, right up to the current day. This updated edition covers all of the judicial and arbitral decisions reported since the last edition published in 2005. It provides an both an overview of the general principles of laytime and demurrage, as well as an in-depth analysis of laytime clauses, including both fixed laytime and customary laytime. It also provides an important detailed analysis of the rules relating to commencement of laytime in berth, dock and port charters, an in-depth coverage of why laytime can be suspended and other laytime matters. The book provides a detailed analysis of demurrage rules, and finally, the book details with such matters as despatch, detention and frustration. This book will be an invaluable guide to practitioners who deal with maritime matters, as well as maritime professionals, commodity traders and brokers, arbitrators and other professionals involved in dispute resolution.