Demurrage and Despatch. The parties may enter into Demurrage and Despatch arrangements by mutual agreement, which agreement shall be subject to the Customer complying with the Port Terminal Rules.
Demurrage and Despatch. (a) The applicable Demurrage/Despatch rates shall be as per Seller’s Charter Party or Contract of Affreightment and Seller shall provide an extract of such Charter Party or Contract of Affreightment with the vessel owner to Buyer referencing applicable Demurrage/Despatch rates for the purpose of calculating the Demurrage/Despatch amount. Such Demurrage/Despatch rates shall be in line with the market standard rates applied by similar vessels carrying copper concentrates on similar voyages.
Demurrage and Despatch. If used Laytime exceeds the allowed Free Time then the excess time shall count as demurrage. If the allowed Free Time exceeds the used Laytime, then the excess shall count as despatch.
Demurrage and Despatch. If each cargo is not discharged from the vessel within the allowed laytime, demurrage shall be payable by Buyer to Seller calculated per running day of 24 hours (fractions pro rata) as per Charter Party agreement or at the rate of USD 7000 per day, whichever is lower. Seller shall pay Buyer despatch money for time saved at the port of discharge calculated per running day of 24 hours (fractions pro rata) at half of the demurrage rate. Any payments in respect of Demurrage or Despatch Money owed to Seller or Buyer, as the case may be shall be made promptly after presentation of calculations and supporting documents including Time Sheet, Statement of Facts, copy of charter party agreement. The demurrage/ despatch costs along with other related costs such as diversion costs, shall be settled on presentation of separate invoices along with the necessary supporting documents. A copy of the Charter Party Agreement shall be made available to the Buyer within fifteen(15) days from the date of Bill of Lading.
Demurrage and Despatch. (a) With respect to each Parcel, if the actual laytime, as determined pursuant to Section 4.06, exceeds the permitted laytime for the relevant Port of Discharge, demurrage shall be payable by the Buyer to the Seller as an adjustment to the Deductions for the Parcel; conversely, if the actual laytime, as determined pursuant to Section 4.06, is less than the permitted laytime for the relevant Port of Discharge, despatch shall be payable by the Seller to the Buyer as an adjustment to the Deductions.
Demurrage and Despatch. (Bulk Shipments only)
Demurrage and Despatch. (a) If a shipment of any Parcel is not discharged from the vessel within the Allowed Laytime, Demurrage shall be payable by the Purchasers to the Seller calculated per running day of 24 hours (fractions pro rata) as per terms agreed between the Purchasers and the Seller and shall be settled in the Final Invoice.
Demurrage and Despatch. (a) Within 10 Business Days of completion of discharge of any Vessel, the Purchaser shall prepare a Laytime Statement in relation to that Vessel setting out:
Demurrage and Despatch. With respect to each Parcel, if the actual laytime, as determined pursuant to Section 4.06, exceeds the permitted laytime for the relevant Port of Discharge, demurrage shall be payable by the Buyer to the Seller as an adjustment to the Deductions for the Parcel; conversely, if the actual laytime, as determined pursuant to Section 4.06, [**] - Indicates certain information has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the redacted portions. is less than the permitted laytime for the relevant Port of Discharge, despatch shall be payable by the Seller to the Buyer as an adjustment to the Deductions.
Demurrage and Despatch. Demurrage and despatch earning rates at loadport port (demurrage, half despatch) to be advised at the time of vessel nomination. All demurrage or dispatch shall be settled within 5 working days after laytime statement is mutually agreed with supporting documents, like Notice of Readiness, Statement of Facts and time sheets.
