DEMURRAGE / DESPATCH Clause Samples
The Demurrage/Despatch clause defines the financial consequences related to the time taken for loading and unloading a vessel. Specifically, it sets out the rates and conditions under which the charterer must pay demurrage if cargo operations exceed the agreed laytime, or receive despatch if operations are completed more quickly. For example, if a ship is delayed at port beyond the allowed laytime, the charterer compensates the shipowner through demurrage; conversely, if loading or unloading is completed early, the shipowner may pay despatch to the charterer. This clause ensures both parties are incentivized to adhere to agreed schedules and provides a clear mechanism for compensating delays or rewarding efficiency.
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DEMURRAGE / DESPATCH. The rate of demurrage/despatch provided shall be as per charter party, with maximum rates of per running day, and pro-rata for any part of a day for the relevant cargo quantity. Information relating to Demurrage/Despatch from the charter party, must be communicated to the sellers. Demurrage/despatch to be settled within 30 days of the last day of loading. Refer Note 6
DEMURRAGE / DESPATCH. If used Laytime exceeds the allowed Free Time, then the excess shall count as demurrage Days. If the allowed Free Time exceeds the used Laytime, then the excess shall be count as despatch Days.
DEMURRAGE / DESPATCH. 8.3.2.10.1. In the event the vessel is delayed at the port of loading due to breach of the contract by the Buyer, in particular clause 8.4.4.3, then the Buyer shall be liable for any costs incurred by NEXUS including Demurrage.
8.3.2.10.2. In the event that the vessel is not discharged within the Laytime then the Buyer shall be liable to pay NEXUS demurrage at the rate agreed in the Contract.
8.3.2.10.3. Demurrage shall be paid by the Buyer within 30 (thirty) days of receiving an invoice for such demurrage from NEXUS.
8.3.2.10.4. In the event that the vessel is discharged within the Laytime then NEXUS shall be liable to pay the Buyer despatch at the rate agreed in the Contract.
8.3.2.10.5. NEXUS shall pay such despatch within 30 days after receipt of an invoice from the Buyer. In no circumstances shall the Buyer be entitled to set off despatch against the Purchase Price.
DEMURRAGE / DESPATCH. Demurrage/despatch at the loading port shall be calculated in accordance with following schedule: Size of vessel Demurrage per 24 hours day -------------- (prorata or part) Up to 35,000 DWT US$ 3,000 Over 35,000 DWT US$ 5,000 Despatch rate will be half of the demurrage rate. Any time necessarily required by a vessel with draft, when fully loaded up to permissible draft, at the place of loading, at the port of Mormugao / Panjim / Madras, after completion of loading, the wait for the tide before sailing from seller's wharf shall be counted as time used in calculating demurrage / despatch money. CLAUSE 13 ADVISE OF SHIPMENT Seller shall, upon completion of loading, advise Buyer within one working day by cable/telex/fax of the contract number, name of vessel, name of commodity, approximate invoice value, gross weight and loading date.
DEMURRAGE / DESPATCH. The TERMINAL will be liable for the amount of demurrage or despatch incurred in the operation of shipment of the product on board of each ship named by the BUYER, limited to USD18,000.00/9,000.00. O TERMINAL será responsável pelo ▇▇▇▇▇▇▇▇ de “demurrage” ou “despatch” incorridos na operaçáo de embarque do produto a bordo de cada navio nomeado pela COMPRADORA, limitado a USD18.000,00/9.000,00.