Common use of Carrying Charges Clause in Contracts

Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 per metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each further following period of 10 days up to the date the Vessel’s loading operation is fully completed at loading berth. Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be required. The foregoing rate includes storage, interest, shrinkage and insurance costs. The following shall apply under this clause: A) If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period. A.1) If Seller obligation to load starts in the Extension Period, carrying charges will be due until shipment date. B) If the nominated goods are loadready and berth is free but the vessel does not berth for any reason beyond Sellers’ control, carrying charges shall be due from the first day after the end of Delivery Period even if vessel tendered “NOR” within the Delivery Period. C) If detention is due under 11.1, no carrying charges are due during such periods as detention is payable. D) If Buyer fails to give extension notice as per clause 12 and Seller decides to ship the goods, Carrying Charges as provided for in this clause shall be due. 14. PAYMENT:..........................................................................................................................................................................…..…..…... On presentation of following documents: A) “Clean On Board” Bills of Lading, 3 originals and 2 non-negotiable copies. B) Original Certificate of Weight and Certificate of Quality. C) Original Commercial Invoice including carrying charges and interest, as the case may be. D) Phytosanitary Certificate, issued in accordance with Brazilian Legislation effective at time and place of shipment. However, if issuance of such document is conditioned to any specific requirement, Buyer is responsible to provide Official supporting documents from Importing Country Authority. E)

Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 per metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each further following period of 10 days up to the date the Vessel’s loading operation is fully completed at loading berth. Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be required. The foregoing rate includes storage, interest, shrinkage and insurance costs. The following shall apply under this clause: A) If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period. A.1) If Seller obligation to load starts in the Extension Period, carrying charges will be due until shipment date. B) If the nominated goods are loadready and berth is free but the vessel does not berth for any reason beyond Sellers’ control, carrying charges shall be due from the first day after the end of Delivery Period even if vessel tendered “NOR” within the Delivery Period. C) If detention is due under 11.1, no carrying charges are due during such periods as detention is payable. D) If Buyer fails to give extension notice as per clause 12 and Seller Xxxxxx decides to ship the goods, Carrying Charges as provided for in this clause shall be due. 14. PAYMENT:..........................................................................................................................................................................…..…..…... On presentation of following documents: A) “Clean On Board” Bills of Lading, 3 originals and 2 non-negotiable copies. B) Original Certificate of Weight and Certificate of Quality. C) Original Commercial Invoice including carrying charges and interest, as the case may be. D) Phytosanitary Certificate, issued in accordance with Brazilian Legislation effective at time and place of shipment. However, if issuance of such document is conditioned to any specific requirement, Buyer is responsible to provide Official supporting documents from Importing Country Authority. E)

Carrying Charges. Provided Buyers have given notice claiming extension as per clause 12, carrying charges shall be due and calculated from the first day of Extension Period based on total shipped quantity at the rate of US$ 0.15 0.20 per metric ton per day for the first 10 days, thereafter an increase of US$ 0.05 per metric ton per day shall apply for each further following period of 10 days up to the date when the Vessel’s loading operation is fully completed at loading berth. Carrying charges are construed in the nature of liquidated damages and, as such, no further proof of damages shall be required. The foregoing rate includes storage, interest, shrinkage and insurance costs. The following shall apply under this clause: A) If nominated/substituting vessel tenders a valid “NOR” as per clause 10 on or before the last day of Delivery Period, carrying charges are not due, even if goods are loaded or loading is completed after the Delivery Period. A.1) A.1 If Seller obligation to load starts in the Extension Period, carrying charges will be due until shipment date. B) If the nominated goods are loadready and berth is free but the vessel does not berth for any reason beyond Sellers’ control, carrying charges shall be due from the first day after the end of Delivery Period even if vessel tendered “NOR” within the Delivery Period. C) If detention is due under 11.1, no carrying charges are due during such periods as detention is payable. D) If Buyer fails to give extension notice as per clause 12 and Seller decides to ship the goods, Carrying Charges as provided for in this clause shall be due. 14. PAYMENT:..........................................................................................................................................................................…..…..…... On presentation of following documents: A) “Clean On Board” Bills of Lading, 3 originals and 2 non-negotiable copies. B) Original Certificate of Weight and Certificate of Quality. C) Original Commercial Invoice including carrying charges and interest, as the case may be. D) Phytosanitary Certificate, issued in accordance with Brazilian Legislation effective at time and place of shipment. However, if issuance of such document is conditioned to any specific requirement, Buyer is responsible to provide Official supporting documents from Importing Country Authority. E)