The resthour regulations controls how long days we work at sea. Minimum 10 hours rest per 24 hours and minimum 77 hours per week (think it's been changed to 70 hours now). Within these limits we can work as much as we want. If you're watchgoing personnel you do 2x4hour watches every day and normally some overtime (maintenance duties, cargo operations, moooring etc.).
Regarding how to count seagoing experience, one day onboars equals one day of seagoing experience. At least that's how it works in Norway and Isle of Man.