Common use of Exceptions to Laytime and Demurrage Clause in Contracts

Exceptions to Laytime and Demurrage. (i) Laytime and demurrage shall not run for delay caused by the vessel or by United. (ii) Laytime shall be interrupted or, if Laytime has not commenced, Laytime shall not start, if the delay is caused by Force Majeure. If a Force Majeure occurs after a vessel goes on demurrage and the demurrage is prolonged due to Force Majeure, the demurrage so caused by Force Majeure shall be calculated at one-half of the applicable demurrage rate.

Appears in 2 contracts

Sources: Confidentiality Agreement, Confidentiality Agreement