Laytime and Demurrage
Page 17
CHAPTER 2
Laytime clauses – fixed and customary laytime
Fixed Laytime
2.1 If by the terms of the charterparty, the Charterer has agreed to load or unload within a fixed period of time, that is “an absolute and unconditional engagement, for the nonperformance of which he is answerable, whatever may be the nature of the impediments which prevent him from performing it and which cause the ship to be detained in his service beyond the time stipulated”.1