Demurrage Charges Sample Clauses
The Demurrage Charges clause defines the fees payable when cargo is not loaded or unloaded within the agreed time at a port. In practice, if a vessel is delayed beyond the allowed laytime due to the actions or inactions of the charterer or consignee, demurrage charges are incurred for each additional day or hour of delay. This clause ensures that shipowners are compensated for lost time and potential scheduling disruptions, thereby encouraging efficient cargo operations and minimizing unnecessary delays.
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Demurrage Charges. Both parties shall use reasonable efforts to coordinate transportation and all other Delivery logistics to minimize demurrage charges and costs. Seller shall be responsible for all demurrage charges and costs, except that Buyer shall be responsible therefor to the extent arising out of Buyer’s failure to implement or comply with reasonably prudent Delivery scheduling procedures, or breach of this Agreement.
Demurrage Charges. Charges assessed for detention of a railcar beyond the specified time period allowed by applicable tariffs or other directives of the parties or Connecting Carriers for loading or unloading the railcar.
Demurrage Charges. When there is a business transaction between 1st and 2nd Party , 2nd party shall always ensure to deliver products on agreed time period in Purchase order of the 1st Party. IF 2nd party cannot fulfill the requirement, 2nd party shall reply immediately in response to purchase order stating the delivery period. In the event of occurrence of demurrage charges due to not completion of order within the agreed period, 1% delay charge per week, maximum up to 10% will be deducted from the Invoice Value.
Demurrage Charges. Demurrage Charges, as established by Connecting Carriers or by other owner of rail cars used in service to Line Industries, if not paid directly by the Line Industries to such Connecting Carriers or other rail car owner, are deducted from the switching revenues due to the parties hereunder. BJRY is responsible for collecting such Charges from the respective Line Industries involved.
Demurrage Charges. The vendor will pay for all demurrage charges incurred by the vendor. However should the delay be caused by unforeseen factors and uncertainties, both parties will review the demurrage charge on a case by case basis and negotiate resolution in good faith.