Common use of DEMURRAGE AND DIVERSION LIABILITY Clause in Contracts

DEMURRAGE AND DIVERSION LIABILITY. Dealer shall pay all demurrage, storage and other charges accruing after arrival of any shipment of PRODUCTS at the designated destination. If Dealer fails or refuses for any reason to accept delivery of any PRODUCT ordered by Dealer, Dealer shall pay the Company the amount of all expenses incurred by the Company in shipping PRODUCTS to Dealer and in returning PRODUCTS to the original shipping point or diverting them to another destination; but Dealer shall not pay more for diversion than the expense of returning the PRODUCT to its original shipping point.

Appears in 4 contracts

Samples: Dealer Agreement (Titan Machinery Inc.), Dealer Agreement (Titan Machinery Inc.), Dealer Agreement (Titan Machinery Inc.)

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