Demurrage on Bidder Sample Clauses

The 'Demurrage on Bidder' clause establishes that the bidder is responsible for paying demurrage charges if there are delays in loading or unloading cargo attributable to their actions or omissions. In practice, this means that if the bidder fails to provide necessary documentation, equipment, or personnel on time, and as a result, the vessel is detained beyond the agreed laytime, the bidder must compensate the shipowner for the extra time. This clause ensures that the risk and cost of avoidable delays are allocated to the party best positioned to prevent them, thereby incentivizing timely performance and minimizing disruptions in shipping operations.
Demurrage on Bidder. Bidder shall ensure timely loading/ unloading of cargo to/from the Vessel. Any demurrage or associated costs due to delay in loading/unloading to/from the Vessel shall be at the cost & responsibility of the Bidder.
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Demurrage on Bidder. Bidder shall ensure timely loading/unloading of cargo to/from the Coastal/ River Sea/IWT Vessel. Any demurrage or associated costs due to delay in loading/unloading to/from the IWT Vessel shall be at the cost & responsibility of the Bidder.
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