Definition
The window of dates within which a chartered vessel must arrive and be ready to load, comprising the layday (earliest) and cancelling date (latest). If the vessel is not ready by the cancelling date, the charterer may cancel the charter. It is a key term in voyage charter agreements for bulk cargo.
Frequently asked questions
What is Laycan?
The window of dates within which a chartered vessel must arrive and be ready to load, comprising the layday (earliest) and cancelling date (latest). If the vessel is not ready by the cancelling date, the charterer may cancel the charter. It is a key term in voyage charter agreements for bulk cargo.
Which glossary terms are related to Laycan?
Laycan is a port & maritime term in the South African import/export industry. Related terms in the same area include BAF (Bunker Adjustment Factor), Berth, Blank Sailing, Bunker Fuel, CAF (Currency Adjustment Factor) — each has its own plain-English definition in the TradeCaravan glossary.