DEMURRAGE / DESPATCH Clause Samples

The Demurrage/Despatch clause defines the financial consequences related to the time taken for loading and unloading a vessel. Specifically, it sets out the rates and conditions under which the charterer must pay demurrage if cargo operations exceed the agreed laytime, or receive despatch if operations are completed more quickly. For example, if a ship is delayed at port beyond the allowed laytime, the charterer compensates the shipowner through demurrage; conversely, if loading or unloading is completed early, the shipowner may pay despatch to the charterer. This clause ensures both parties are incentivized to adhere to agreed schedules and provides a clear mechanism for compensating delays or rewarding efficiency.
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DEMURRAGE / DESPATCH. The rate of demurrage/despatch provided shall be as per charter party, with maximum rates of per running day, and pro-rata for any part of a day for the relevant cargo quantity. Information relating to Demurrage/Despatch from the charter party, must be communicated to the sellers. Demurrage/despatch to be settled within 30 days of the last day of loading. Refer Note 6
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DEMURRAGE / DESPATCH. If used Laytime exceeds the allowed Free Time, then the excess shall count as demurrage Days. If the allowed Free Time exceeds the used Laytime, then the excess shall be count as despatch Days.
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DEMURRAGE / DESPATCH. 8.3.2.10.1. In the event the vessel is delayed at the port of loading due to breach of the contract by the Buyer, in particular clause 8.4.4.3, then the Buyer shall be liable for any costs incurred by NEXUS including Demurrage. 8.3.2.10.2. In the event that the vessel is not discharged within the Laytime then the Buyer shall be liable to pay NEXUS demurrage at the rate agreed in the Contract. 8.3.2.10.3. Demurrage shall be paid by the Buyer within 30 (thirty) days of receiving an invoice for such demurrage from NEXUS. 8.3.2.10.4. In the event that the vessel is discharged within the Laytime then NEXUS shall be liable to pay the Buyer despatch at the rate agreed in the Contract. 8.3.2.10.5. NEXUS shall pay such despatch within 30 days after receipt of an invoice from the Buyer. In no circumstances shall the Buyer be entitled to set off despatch against the Purchase Price.
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DEMURRAGE / DESPATCH. Demurrage/despatch at the loading port shall be calculated in accordance with following schedule: Size of vessel Demurrage per 24 hours day -------------- (prorata or part) Up to 35,000 DWT US$ 3,000 Over 35,000 DWT US$ 5,000 Despatch rate will be half of the demurrage rate. Any time necessarily required by a vessel with draft, when fully loaded up to permissible draft, at the place of loading, at the port of Mormugao / Panjim / Madras, after completion of loading, the wait for the tide before sailing from seller's wharf shall be counted as time used in calculating demurrage / despatch money. CLAUSE 13 ADVISE OF SHIPMENT Seller shall, upon completion of loading, advise Buyer within one working day by cable/telex/fax of the contract number, name of vessel, name of commodity, approximate invoice value, gross weight and loading date.
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DEMURRAGE / DESPATCH. The TERMINAL will be liable for the amount of demurrage or despatch incurred in the operation of shipment of the product on board of each ship named by the BUYER, limited to USD18,000.00/9,000.00. O TERMINAL será responsável pelo ▇▇▇▇▇▇▇▇ de “demurrage” ou “despatch” incorridos na operaçáo de embarque do produto a bordo de cada navio nomeado pela COMPRADORA, limitado a USD18.000,00/9.000,00.
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Related to DEMURRAGE / DESPATCH

  • Demurrage If as a result of the Customer's actions and unless permission is granted by the Company, if the Equipment is not returned during or at the end of the term, then for every hour, or portion thereof, from the end of the term to the time when the Equipment is returned to the Company, as required herein, the Customer shall pay a rental rate equal to three (3) times (x) the standard hourly rental rate for such equipment.

  • Dispatching 1. Dispatchers will schedule and assign drivers and vehicles in accordance with the trips scheduled for each day; 2. Dispatchers will assist drivers while they are in service to carry out the assigned trips on time by providing address assistance and telephoning passengers as needed. 3. Dispatchers will monitor the performance of scheduled trips, reassigning trips and/or adjusting the number of vehicles in service as needed to ensure on-time performance in the most efficient manner. 4. Dispatchers will provide continuous monitoring of assigned radio frequencies during all hours that vehicles are in service, answer and respond to telephone calls on the Ride Status line, and respond to calls from drivers and OoA staff.

  • Shipping Axon may make partial shipments and ship Axon Devices from multiple locations. All shipments are FOB shipping point via common carrier. Title and risk of loss pass to Agency upon Axon’s delivery to the common carrier. Agency is responsible for any shipping charges in the Quote.

  • Packaging and Shipping All shipping containers shall be packed and packaged to: (i) ensure safe arrival to final destination; (ii) secure the lowest transportation costs;(iii) comply with requirements of common carriers; (iv) meet Buyer's written instructions; and (v) meet the requirements of all applicable laws, ordinances, rules and regulations.

  • Loading RPMG shall schedule the loading and shipping of all outbound corn oil purchased hereunder, but all labor and equipment necessary to load trucks and rail cars and other associated costs shall be supplied and borne by Producer without charge to RPMG. Producer shall handle the corn oil in a good and workmanlike manner in accordance with RPMG’s written requirements and normal industry practice. Producer shall maintain the truck and rail loading facilities in safe operating condition in accordance with normal industry standards and shall visually inspect all trucks and rail cars to assure (i) cleanliness so as to avoid contamination, and (ii) that such trucks and railcars are in a condition suitable for transporting the corn oil. RPMG and RPMG’s agents shall have adequate access to the Ethanol Facility to load Producer’s corn oil on an industry standard basis that allows RPMG to economically market Producer’s corn oil. RPMG’s employees shall follow all reasonable safety rules and procedures promulgated by Producer and provided to RPMG reasonably in advance and in writing. Producer shall supply product description tags, certificates of analysis, bills of lading and/or material safety data sheets that are applicable to all shipments. In the event that Producer fails to provide the labor, equipment and facilities necessary to meet RPMG’s loading schedule, Producer shall be responsible for all costs and expenses, including without limitation actual demurrage and wait time, incurred by RPMG resulting from or arising in connection with Producer’s failure to do so.