GlossaryEN1 min readUpdated: Jun 25, 2026
Laycan Period in Chartering (Laydays/Canceling)
When a charter party is negotiated, the laycan period is one of the first commercial terms fixed, as it defines the window within which the vessel must present herself at the loading port ready to load.
Quick Answer
Last updated: Published:
Source: https://www.marineinsight.com/glossary/laycan/
Category
Logistics concept
Reading time
1 min
Words
125
Mentioned in
–
Definition & Explanation
When a charter party is negotiated, the laycan period is one of the first commercial terms fixed, as it defines the window within which the vessel must present herself at the loading port ready to load. «Laycan» combines «laydays» – the earliest date the charterer is obliged to accept the vessel – and «canceling» – the latest date by which the ship must arrive. Should the vessel miss the canceling date, the charterer may cancel the charter without liability; the shipowner bears the delay risk entirely. Both parties therefore aim for a tight laycan to minimise idle port time and demurrage exposure. Laycan is distinct from laytime, which governs the permitted duration of cargo operations once the vessel has arrived and given notice of readiness.
Next steps
Matching tools and partners
Related Terms
You might also be interested in these terms
Logistics knowledge straight to your inbox
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Community Questions & Answers
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.
No community answers yet. Be the first.