Common use of DEMURRAGE / DESPATCH Clause in Contracts

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

Appears in 2 contracts

Sources: Contract for Grain and Oilseeds in Bulk Fob Terms, Contract for Grain and Oilseeds in Bulk Fob Terms

DEMURRAGE / DESPATCH. The rate of demurrage/despatch provided shall be as per charter party, with maximum rates of per running day, party 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.

Appears in 1 contract

Sources: Contract for Grain and Oilseeds in Bulk Fob Terms