Common use of DEMURRAGE / DESPATCH Clause in Contracts

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. 8.3.2.10.18.3.1.9.1. 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. 8.3.2.10.28.3.1.9.2. 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. 8.3.2.10.38.3.1.9.3. Demurrage shall be paid by the Buyer within 30 (thirty) days of receiving an invoice for such demurrage from NEXUS. 8.3.2.10.48.3.1.9.4. 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. 8.3.2.10.58.3.1.9.5. 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.