Demurrage and Despatch Sample Clauses

Demurrage and Despatch. (a) The applicable Demurrage/Despatch rates shall be as per Seller’s Charter Party or Contract of Affreightment and Seller shall provide an extract of such Charter Party or Contract of Affreightment with the vessel owner to Buyer referencing applicable Demurrage/Despatch rates for the purpose of calculating the Demurrage/Despatch amount. Such Demurrage/Despatch rates shall be in line with the market standard rates applied by similar vessels carrying copper concentrates on similar voyages. (b) If a Parcel is not discharged from the vessel within the Allowed Laytime, Demurrage shall be payable by Buyer to Seller calculated per running day of 24 hours (fractions pro rata). (c) Notwithstanding Section 4.8(a), Seller shall pay Buyer Despatch for Laytime saved at the Discharge Port in relation to the shipment of any Parcel, calculated per running day of 24 hours (fractions pro rata) at half of the Demurrage rate. (d) The Despatch/Demurrage amounts relating to a Parcel shall be reflected in the Final Invoice submitted by Seller with respect to such Parcel.

Demurrage and Despatch. (Bulk Shipments only) (a) If a shipment of any Parcel is not discharged from the vessel within the Allowed Laytime, Demurrage shall be payable by the Purchasers to the Seller calculated per running day of 24 hours (fractions pro rata) as per terms agreed between the Purchasers and the Seller and shall be settled in the Final Invoice. (b) The applicable Demurrage/Despatch rates shall be as per the Charter Party as disclosed to Purchasers’ Agent at time of vessel nomination and shall be calculated on the basis of the bill of lading weight in WMT. Such Demurrage/Despatch rates shall be in line with the prevailing market standard rates applied by similar vessels carrying molybdenum concentrates on similar voyages. (c) Notwithstanding Section 3.8(b), the Seller shall pay the Purchasers Despatch money for laytime saved at the Discharge Port in relation to the shipment of any Parcel, calculated per running day of 24 hours (fractions pro rata) at half of the Demurrage rate and shall be settled in the Final Invoice. (d) Any calculations indicating payment with respect to Demurrage or Despatch money owed to the Seller or the Purchasers, as the case may be, shall be prepared by the Seller within 2 weeks after the discharge of the vessel is complete at the Discharge Port and shall be agreed upon within 2 weeks from such date of presentation of calculations and supporting documents including time sheet and statement of facts. The Despatch/Demurrage amount shall be adjusted in the Final Invoice. If Despatch/Demurrage amount has not been agreed upon prior to the determination of the Final Invoice, such amount shall be paid to the applicable Party within 5 (five) Business Days after the Parties have agreed upon such amount.

Demurrage and Despatch. If each cargo is not discharged from the vessel within the allowed laytime, demurrage shall be payable by Buyer to Seller calculated per running day of 24 hours (fractions pro rata) as per Charter Party agreement or at the rate of USD 7000 per day, whichever is lower. Seller shall pay Buyer despatch money for time saved at the port of discharge calculated per running day of 24 hours (fractions pro rata) at half of the demurrage rate. Any payments in respect of Demurrage or Despatch Money owed to Seller or Buyer, as the case may be shall be made promptly after presentation of calculations and supporting documents including Time Sheet, Statement of Facts, copy of charter party agreement. The demurrage/ despatch costs along with other related costs such as diversion costs, shall be settled on presentation of separate invoices along with the necessary supporting documents. A copy of the Charter Party Agreement shall be made available to the Buyer within fifteen(15) days from the date of Bill of Lading.

Demurrage and Despatch. The parties may enter into Demurrage and Despatch arrangements by mutual agreement, which agreement shall be subject to the Customer complying with the Port Terminal Rules.

Demurrage and Despatch. Demurrage and despatch earning rates at loadport port (demurrage, half despatch) to be advised at the time of vessel nomination. All demurrage or dispatch shall be settled within 5 working days after laytime statement is mutually agreed with supporting documents, like Notice of Readiness, Statement of Facts and time sheets.

Demurrage and Despatch. With respect to each Parcel, if the actual laytime, as determined pursuant to Section 4.06, exceeds the permitted laytime for the relevant Port of Discharge, demurrage shall be payable by the Buyer to the Seller as an adjustment to the Deductions for the Parcel; conversely, if the actual laytime, as determined pursuant to Section 4.06, [**] - Indicates certain information has been redacted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the redacted portions. is less than the permitted laytime for the relevant Port of Discharge, despatch shall be payable by the Seller to the Buyer as an adjustment to the Deductions.

Demurrage and Despatch. (a) Within 10 Business Days of completion of discharge of any Vessel, the Purchaser shall prepare a Laytime Statement in relation to that Vessel setting out: (i) the start of Laytime for that Vessel under this Agreement, (ii) the end of Laytime for that Vessel under this Agreement; (iii) the Allowed Laytime for that Vessel under this Agreement; (iv) the Actual Laytime for that Vessel under this Agreement; (v) the applicable demurrage rate for that Vessel, as notified by the Seller to the Purchaser under Clause 13.2(a)(iii) (Vessels); and (vi) the Demurrage (if any) or Despatch (if any) payable by the Purchaser (or the Seller as the case may be) under this Clause 13.6 (Demurrage and Despatch). (b) Subject to paragraph (d) below, if the Actual Laytime exceeds the Allowed Laytime for any Vessel, the Purchaser shall pay Demurrage to the Seller. (c) If the Actual Laytime used is less than the Allowed Laytime for any Vessel, the Seller shall pay Despatch to the Purchaser. (d) If, at any time: (i) the Seller has arranged for more than one Vessel to deliver the volume of fuel scheduled to be delivered in any one Delivery Window in any Annual Operational Delivery Schedule, then the Purchaser shall not, to the extent due to congestion at the Delivery Point caused by Seller so arranging for more than one Vessel during any one Delivery Window, be required to pay any amount in respect of demurrage on Vessels tendering NOR during that Delivery Window other than the first such Vessel; or (ii) any Vessel tenders NOR outside its Delivery Window then the Purchaser shall not be required to pay any amount in respect of Demurrage on that Vessel between the time NOR is tendered and commencement of discharging, except, in each case, to the extent such Demurrage has been caused by any actual breach by the Purchaser of its obligations hereunder. (e) Any Party to whom an amount is expressed to be owed under the Laytime Statement in paragraph (a) above may submit an invoice therefor to the other party within 10 Business Days of receipt of the Laytime Statement. Any Party shall pay an amount invoiced in connection with a Laytime Statement within 20 Business Days of receipt of invoice. (f) For the avoidance of doubt, the obligations of the Parties under this Clause 13.6 (Demurrage and Despatch) shall be unaffected by the terms of any Transportation Agreement entered into by the Seller, other than in relation to the applicable day-rate. (g) Purchaser shall in no circumstances be liable...

Demurrage and Despatch. If Seller fails to meet the specified loading requirements, demurrage shall be paid by Seller to Buyer for the time lost after expiration of allowable laytime at the demurrage rate applicable in the vessel nomination. Buyer shall pay despatch money to Seller for laytime saved at one half of the demurrage rate, when the vessel is sooner loaded than required. Seller shall present claim for despatch or remit amount incurred for demurrage to Buyer, supported by valid Statement of Facts and Notice of Readiness duly signed by the Master of the Vessel or his Representative. Payment for despatch due to Seller or demurrage due to Buyer shall be made within 30 days of invoice from Buyer or Seller, by Telegraphic Transfer.

Demurrage and Despatch. (a) With respect to each Parcel, if the actual laytime, as determined pursuant to Section 4.06, exceeds the permitted laytime for the relevant Port of Discharge, demurrage shall be payable by the Buyer to the Seller as an adjustment to the Deductions for the Parcel; conversely, if the actual laytime, as determined pursuant to Section 4.06, is less than the permitted laytime for the relevant Port of Discharge, despatch shall be payable by the Seller to the Buyer as an adjustment to the Deductions.