Demurrage Charges Sample Clauses

The Demurrage Charges clause defines the fees payable when cargo is not loaded or unloaded within the agreed time at a port. In practice, if a vessel is delayed beyond the allowed laytime due to the actions or inactions of the charterer or consignee, demurrage charges are incurred for each additional day or hour of delay. This clause ensures that shipowners are compensated for lost time and potential scheduling disruptions, thereby encouraging efficient cargo operations and minimizing unnecessary delays.
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Demurrage Charges. Both parties shall use reasonable efforts to coordinate transportation and all other Delivery logistics to minimize demurrage charges and costs. Seller shall be responsible for all demurrage charges and costs, except that Buyer shall be responsible therefor to the extent arising out of Buyer’s failure to implement or comply with reasonably prudent Delivery scheduling procedures, or breach of this Agreement.
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Demurrage Charges. Charges assessed for detention of a railcar beyond the specified time period allowed by applicable tariffs or other directives of the parties or Connecting Carriers for loading or unloading the railcar.
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Demurrage Charges. When there is a business transaction between 1st and 2nd Party , 2nd party shall always ensure to deliver products on agreed time period in Purchase order of the 1st Party. IF 2nd party cannot fulfill the requirement, 2nd party shall reply immediately in response to purchase order stating the delivery period. In the event of occurrence of demurrage charges due to not completion of order within the agreed period, 1% delay charge per week, maximum up to 10% will be deducted from the Invoice Value.
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Demurrage Charges. Demurrage Charges, as established by Connecting Carriers or by other owner of rail cars used in service to Line Industries, if not paid directly by the Line Industries to such Connecting Carriers or other rail car owner, are deducted from the switching revenues due to the parties hereunder. BJRY is responsible for collecting such Charges from the respective Line Industries involved.
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Demurrage Charges. The vendor will pay for all demurrage charges incurred by the vendor. However should the delay be caused by unforeseen factors and uncertainties, both parties will review the demurrage charge on a case by case basis and negotiate resolution in good faith.
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Related to Demurrage Charges

  • Service Charges No service charge shall be made for any exchange or registration of transfer of Warrants.

  • Demurrage If as a result of the Customer's actions and unless permission is granted by the Company, if the Equipment is not returned during or at the end of the term, then for every hour, or portion thereof, from the end of the term to the time when the Equipment is returned to the Company, as required herein, the Customer shall pay a rental rate equal to three (3) times (x) the standard hourly rental rate for such equipment.

  • CONTRACT CHARGES The Contract Charges for the Services shall be structured using any of the following pricing mechanisms (as may be agreed by the Parties and set out in an SOW); Capped Time and Materials; Price per Story; Time and Materials; Fixed Price (to be used only for Services that are ancillary to software development services); or using such other pricing mechanism or combination of pricing mechanism thereof as may be agreed by the Parties. In consideration of the Supplier’s performance of its obligations under this Contract and in consideration of the specific services that are set out in an applicable SOW, the Customer shall pay the undisputed Contract Charges in accordance with the relevant SOW for the Release and the payment provisions set out at Clause 14 (Payment and VAT). The Customer shall, in addition to the Contract Charges and following delivery by the Supplier of an Invoice, pay the Supplier a sum equal to the VAT chargeable on the value of the Services supplied in accordance with this Contract. If at any time during this Contract Period the Supplier reduces its framework Prices for any Services which are provided under the framework Agreement (whether or not such Services are offered in a catalogue (if any) which is provided under the framework Agreement) in accordance with the terms of the framework Agreement, the Supplier shall immediately reduce the Contract Charges for such Services under this Contract by the same amount. The Supplier shall in any event ensure that the Contract Charges are at all times compliant and consistent with the charging structure set out in framework Schedule 8 (Charging Structure) and do not exceed the prices set out therein. Contract Charges:

  • Maximum Charges In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied to any unpaid principal balance owed by Borrowers, and if the then remaining excess amount is greater than the previously unpaid principal balance, Lenders shall promptly refund such excess amount to Borrowers and the provisions hereof shall be deemed amended to provide for such permissible rate.

  • Bank Charges Borrower shall pay to Agent, on demand, any and all fees, costs or expenses which Agent or any Lender pays to a bank or other similar institution arising out of or in connection with (i) the forwarding to Borrower or any other Person on behalf of Borrower, by Agent or any Lender, of proceeds of Loans made to Borrower pursuant to this Agreement and (ii) the depositing for collection by Agent or any Lender of any check or item of payment received or delivered to Agent or any Lender on account of the Obligations.