Common use of DEMURRAGES Clause in Contracts

DEMURRAGES. 20.3.1 Demurrages at both load and discharge ports, if any and if not caused by Xxxxx’s nominated discharge terminal, will be paid by the Seller to the Buyer at sight, at first and simple written request. Conversely, if demurrages have been caused by the Buyer’s discharge terminal, then the corresponding amount shall be borne by the Buyer to be paid to the Seller at sight, at first and simple written request. Time shall not count against playtime or if the vessel is on demurrage, or demurrage when spent or load.

DEMURRAGES. 20.3.1 21.3.1 Demurrages at both load and discharge ports, if any and if not caused by XxxxxBuyer’s nominated discharge terminal, will be paid by the Seller to the Buyer at sight, at first and simple written request. Conversely, if demurrages have been caused by the Buyer’s discharge terminal, then the corresponding amount shall be borne by the Buyer to be paid to the Seller at sight, at first and simple written request. Time shall not count against playtime or laytime if the vessel is on demurrage, or demurrage when spent or load.