DUMURRAGE definition
DUMURRAGE. If SELLER fails to meet the guarantee discharging rate specified in Clause 10.09 hereabove, other than because of BUYER's default hereunder, SELLER shall pay to BUYER for the demurrage at the rates specified herebelow per day, prorated for actual time, provided that BUYER invoices SELLER for any such demurrage within 60 days after occurrence. -------------------------------------------------------------- COAL SHIPPING YEAR APPLICABLE DEMURRAGE -------------------------------------------------------------- 1998 USD 8.000/per day -------------------------------------------------------------- 1999 USD 8.500/per day -------------------------------------------------------------- 2000 USD 8.500/per day -------------------------------------------------------------- 2001 to 2005 TO BE AGREED -------------------------------------------------------------- Any payments for demurrage shall be made separately from payment on coal deliveries. An example of the demurrage / dispatch calculation is incorporated in Attachment "B" as reference.