Demurrage. (a) The Buyer shall pay demurrage in U.S. Dollars at the rate specified below for each running hour and pro rata for each part of an hour, for all time that running laytime exceeds the allowed laytime. Should the Vessel be discharged for the account of two
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Sources: General Terms and Conditions for the Sale of Crude Oil and Petroleum Products, General Terms and Conditions for the Sale of Crude Oil and Petroleum Products, General Terms and Conditions for the Sale of Crude Oil and Petroleum Products