Common use of Charter Price Clause in Contracts

Charter Price. 4.1 The Charterer shall pay promptly to LEA the Charter Price and any ancillary costs in accordance with the agreed payment schedule. All payments shall be made without deduction, set-off, counterclaim or withholding whatsoever. 4.2 Time for payment of the Charter Price shall be of the essence. XXX shall be entitled to treat non-payment of the Charter Price as constituting the cancellation by the Charterer of the relevant Charter entitling LEA to payment in accordance with the provisions of Condition 7 below. 4.3 In the event that XXX agrees to accept late payment, it shall be entitled to interest on the overdue amount at the rate of 2% per month or part thereof, compounded monthly. 4.4 The Charter Price includes standard catering appropriate to the length of the flight and time of day, including hot and soft drinks, bar snacks and biscuits. Additional catering may be agreed at additional cost. XXX’s website (xxx.xxxxxx.xxx) sets out sample menus. 4.5 Where additional services are requested (e.g. Ground transport hotel bookings, helicopter transfers, special catering requests etc) a handling surcharge of 10% is added to cover the administration involved.

Charter Price. 4.1 The Charterer shall pay promptly to LEA the Charter Price and any ancillary costs in accordance with the agreed payment schedule. All payments shall be made without deduction, set-off, counterclaim or withholding whatsoever. 4.2 Time for payment of the Charter Price shall be of the essence. XXX shall be entitled to treat non-payment of the Charter Price as constituting the cancellation by the Charterer of the relevant Charter entitling LEA to payment in accordance with the provisions of Condition 7 below. 4.3 In the event that XXX agrees to accept late payment, it shall be entitled to interest on the overdue amount at the rate of 2% per month or part thereof, compounded monthly. 4.4 The Charter Price includes standard catering appropriate to the length of the flight and time of day, including hot and soft drinks, bar snacks and biscuits. Additional catering may be agreed at additional cost. XXX’s website (xxx.xxxxxx.xxx) sets out sample menus. 4.5 The Charter Price also includes the first 20 minutes usage of the Aircraft satellite telephone system (where available). Thereafter, use will be recharged to the Charterer at the rate of US$2 per minute. 4.6 Where additional services are requested (e.g. Ground transport hotel bookings, helicopter transfers, special catering requests etc) a handling surcharge of 10% is added to cover the administration involved.