Tardy Arrival Clause Samples
The Tardy Arrival clause establishes the rules and consequences for when a party arrives late to a scheduled event, meeting, or obligation. Typically, this clause outlines what constitutes a tardy arrival, such as arriving more than a specified number of minutes after the agreed-upon time, and may detail any penalties, rescheduling procedures, or loss of privileges that result from being late. Its core practical function is to encourage punctuality and provide a clear framework for addressing lateness, thereby minimizing disruptions and misunderstandings between parties.
Tardy Arrival. Time is of the essence in each Transaction. Anything to the contrary notwithstanding, Seller may, at its sole option, and without prejudice to its other rights and remedies, reject any Vessel which arrives at the Cargo Transfer Point after Laydays have expired.