Draft Survey Clause Samples
A Draft Survey clause establishes the procedure for determining the weight of cargo loaded or discharged from a vessel by measuring the vessel's displacement before and after cargo operations. In practice, this involves taking readings of the vessel's draft marks and calculating the difference in water displacement, which is then used to estimate the quantity of cargo handled. This clause is essential for providing an objective and standardized method of cargo measurement, helping to prevent disputes between parties regarding the actual amount of cargo loaded or unloaded.
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Draft Survey. The weight of coal delivered hereunder shall be determined by draft survey at Seller’s expense at the Delivery Point by an independent, certified marine surveyor for vessels, who is experienced in the conduct of draft surveys and is selected by mutual agreements of the Parties, or failing agreement, by Seller,
