Laytime and demurrage

Designed as a reference work for practitioners, this book traces the development of the law and practice of laytime and demurrage. It examines the legal precedents and how they are applied, reviewing charter contracts, arbitration awards and judicial decisions. Covering both the dry cargo and the tanker trades, the book comprises seven sections: general principles, laytime provisions, commencement of laytime, interruptions and exceptions to laytimel completion of laytime, averaging and reversing, and multiple charters; demurrage and despatch; detention and frustration.