What is Laycan Period?
Laycan Period The agreed window of dates between shipowner and charterer during which a vessel must arrive at the loading port and be ready to load. If the vessel arrives before or after this period, contractual penalties or cancellation rights may apply.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Laycan Period” Used in Practice?
The ship arrived at the loading port within the laycan period specified in the charter party agreement.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
Learn “Laycan Period” Free with Termify
Master Laycan Period and 4,071+ professional terms with native pronunciation, IPA transcriptions and career quizzes. 100% free, forever.
Download Free for iOSFrequently Asked Questions
What is Laycan Period?
The agreed window of dates between shipowner and charterer during which a vessel must arrive at the loading port and be ready to load. If the vessel arrives before or after this period, contractual penalties or cancellation rights may apply.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Laycan Period and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
Last updated: