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In commercial shipping, laytime is the amount of time allowed, measured in days (or portions thereof), hours, or even tides, within a voyage charter for the loading and unloading of cargo. [ 1 ] [ 2 ]
A voyage charter specifies a period, known as laytime, for loading and unloading the cargo. If laytime is exceeded, the charterer must pay demurrage. If laytime is saved, the charter party may require the shipowner to pay despatch to the charterer. [1] A time charter is the hiring of a vessel for a specific period of time.
In time and voyage charters, the shipowner still runs the ship, but when in port the charterer becomes responsible for loading and unloading the ship within the agreed period of laytime. If the charterer exceeds the allowed laytime, demurrage [ 5 ] becomes payable.
The Port of Miami, styled as PortMiami and formally known as the Dante B. Fascell Port of Miami, is a major seaport located in Biscayne Bay at the mouth of the Miami River in Miami, Florida. It is the largest passenger port in the world and one of the largest cargo ports in the United States.
Eastern end of Dodge Island showing Port of Miami shipping containers. Dodge Island is an artificial island near downtown Miami, Florida, United States.The Port of Miami is located on, what was, Dodge, Lummus and Sam Islands, and has berths for both cruise and cargo ships.
Worldscale is a unified system of establishing payment of freight rate for a given oil tanker's cargo. Worldscale was established in November 1952 by London Tanker Brokers' Panel on the request of British Petroleum and Shell as an average total cost of shipping oil from one port to another by ship.
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Map of the city of Miami. Map of Miami neighborhoods. This is a list of neighborhoods in Miami in Miami-Dade County, Florida, United States. Many of the city's neighborhoods have been renamed, redefined and changed since the city's founding in 1896. As such, the exact extents of some neighborhoods can differ from person to person.