20 September 2016
The Laytime Definitions for Charter Parties have been developed to provide practitioners with a set of meanings of commonly used words and phrases. The objective is to help reduce disputes about party intentions in a market where fixtures are often concluded on the basis of a recap message and listed amendments, without the exchange or return of draft contracts. These provisions have been developed for incorporation into charter parties.
The latest edition of these definitions is the Laytime Definitions for Charter Parties 2013.
17 October 2016
Henning Nielsen is Senior Manager, Support & Advice at BIMCO, is responsible for advising and guiding members on contractual issues, such as handling laytime disputes, recommendations on charter party forms and clauses, commenting on terms and clauses offered to members, handling disputes on interpretation and construction of charter parties and clauses. Henning has been with BIMCO since 1984. His 40 plus years of experience has built up his expertise in laytime and demurrage issues, which is widely recognised by BIMCO members.