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Laytime
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LaytimeIn a voyage charterparty, the period of time (the "lay days") agreed between the parties during which the shipowner will make and keep the vessel available to the voyage charterer for loading or discharging without payment additional to the freight (supra).
RELATED TERMS--------------------------------------
Charterparty
A charterparty is a contract of lease of a ship in whole or in part for a long or short period of time or for a particular voyage. It has been said that its origin lies in the mediaeval Latin "carta partita" or "charta partita" or "charta divisa", where an agreement was torn into two pieces and one half was given to each party.
Time
Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions.
Parties
Contracts. Those persons who engage themselves to do, or not to do the matters and things contained in an agreement.
Will
A will is a legal document in which a person directs how his property is to be distributed after his death. Such documents must be executed in due form and must be duly witnessed.
Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.
Payment
1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country.
Freight
Maritim law, contracts. The sum agreed on for the hire of a ship, entirely or in part, for the carriage of goods from one port to another; note; but in, its more extensive sense it is applied to all rewards or compensation paid for the use of ships.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Lay corporation
One which affects or relates to other than ecclesiastical persons.
Lay days
Maritime law. The time allowed to the master of a vessel for loading and unloading the same.
Lay people
By this expression was formerly understood jurymen.
Laycan
An abbreviation of "layday cancelling date" or "laydays cancelling". A term used in a voyage charterparty, (supra) referring to the period of time between the commencement of laytime (infra) (being the beginning of the "lay days" when the charterer must commence loading the cargo), and the cancelling date (being the date after which the charterer may repudiate the charterparty if the ship has not then arrived at the specified port or place of loading). This period, also called the "laycan spread", is typically expressed as two dates, for example "laycan 25 March/2 April", meaning that the charterer may not be obliged to commence loading earlier than 25 March even if the ship has arrived at the specified port or place of loading by that date, and that he may cancel the charterparty if the ship has not arrived there by 2 April.
Layman
Ecclesiastical law. One who is not an ecclesiastic nor a clergyman.
Laytime
Lazaret
A place selected by public authority, where vessels coming from infected or unhealthy countries are required to perform quarantine.
Lazzaretto
A place selected by public authority, where vessels coming from infected or unhealthy countries are required to perform quarantine.
Le guidon de la mer
The name of a treatise on maritime law, written in Rouen, then Normandy, in 1671, as is supposed. it was received on the continent of Europe almost as equal in authority to one of the ancient codes of maritime law. The author of this work is unknown. This tract or treatise is contained in the Collection de Lois Maritimes".
Le roi le veut
The king assents. This is the formula used in England, and formerly in France, when the king approved of a bill passed by the legislature.
Le roi s'avisera
The king will consider of it. This phrase is used by the English monarch when he gives his dissent to an act passed by the lords and commons. The same formula was used by the late king of the French, for the purpose.
RELATED TERMS--------------------------------------
Charterparty
A charterparty is a contract of lease of a ship in whole or in part for a long or short period of time or for a particular voyage. It has been said that its origin lies in the mediaeval Latin "carta partita" or "charta partita" or "charta divisa", where an agreement was torn into two pieces and one half was given to each party.
Time
Contracts, evidence, practice. The measure of duration., It is divided into years, months. days, hours, minutes, and seconds. It is also divided into day and night. 2) Pleading. The avertment of time is generally necessary in pleading; the rules are different, in different actions.
Parties
Contracts. Those persons who engage themselves to do, or not to do the matters and things contained in an agreement.
Will
A will is a legal document in which a person directs how his property is to be distributed after his death. Such documents must be executed in due form and must be duly witnessed.
Without
Pleading. This word is adopted in formal traverses, and is a negative signifying "and not for;" accordingly the language of the elder entries sometimes is, It et nemy pur tiel cause.
Payment
1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country.
Freight
Maritim law, contracts. The sum agreed on for the hire of a ship, entirely or in part, for the carriage of goods from one port to another; note; but in, its more extensive sense it is applied to all rewards or compensation paid for the use of ships.
SIMILAR TERMS--------------------------------------
PREVIOUS AND NEXT TERMS--------------------------------------
Lay corporation
One which affects or relates to other than ecclesiastical persons.
Lay days
Maritime law. The time allowed to the master of a vessel for loading and unloading the same.
Lay people
By this expression was formerly understood jurymen.
Laycan
An abbreviation of "layday cancelling date" or "laydays cancelling". A term used in a voyage charterparty, (supra) referring to the period of time between the commencement of laytime (infra) (being the beginning of the "lay days" when the charterer must commence loading the cargo), and the cancelling date (being the date after which the charterer may repudiate the charterparty if the ship has not then arrived at the specified port or place of loading). This period, also called the "laycan spread", is typically expressed as two dates, for example "laycan 25 March/2 April", meaning that the charterer may not be obliged to commence loading earlier than 25 March even if the ship has arrived at the specified port or place of loading by that date, and that he may cancel the charterparty if the ship has not arrived there by 2 April.
Layman
Ecclesiastical law. One who is not an ecclesiastic nor a clergyman.
Laytime
Lazaret
A place selected by public authority, where vessels coming from infected or unhealthy countries are required to perform quarantine.
Lazzaretto
A place selected by public authority, where vessels coming from infected or unhealthy countries are required to perform quarantine.
Le guidon de la mer
The name of a treatise on maritime law, written in Rouen, then Normandy, in 1671, as is supposed. it was received on the continent of Europe almost as equal in authority to one of the ancient codes of maritime law. The author of this work is unknown. This tract or treatise is contained in the Collection de Lois Maritimes".
Le roi le veut
The king assents. This is the formula used in England, and formerly in France, when the king approved of a bill passed by the legislature.
Le roi s'avisera
The king will consider of it. This phrase is used by the English monarch when he gives his dissent to an act passed by the lords and commons. The same formula was used by the late king of the French, for the purpose.
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This dictionary contains 8526 terms.
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