Common use of Cargo retention Clause in Contracts

Cargo retention. A. In the event that liquid cargo remains on board upon completion of discharge Charterers shall have the right to deduct from hire an amount equal to the fob port of loading cost of such cargo plus its pro rata cost of freight and insurance unless such cargo is unpumpable or unreachable by the vessel’s fixed pumps.

Appears in 8 contracts

Samples: Double Hull Tankers, Inc., Double Hull Tankers, Inc., Double Hull Tankers, Inc.

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