Common use of Carrying Charges Clause in Contracts

Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 per metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each further following period of 10 days up to the date the Vessel’s loading operation is fully completed at loading berth. Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be required. The foregoing rate includes storage, interest, shrinkage and insurance costs. The following shall apply under this clause: A) If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period.

Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be 250 due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 per 251 metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each 252 further following period of 10 days up to the date the Vessel’s loading operation is fully completed at loading berth. 253 Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be 254 required. The foregoing rate includes storage, interest, shrinkage and insurance costs. 255 256 The following shall apply under this clause: A) 257 258 A. If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery 259 Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period.

Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 0.20 per metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each further following period of 10 days up to the date when the Vessel’s loading operation is fully completed at loading berth. Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be required. The foregoing rate includes storage, interest, shrinkage and insurance costs. The following shall apply under this clause: A) If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period.