FREE TIME AND DEMURRAGE Sample Clauses

FREE TIME AND DEMURRAGE. Except as otherwise provided, as to all interchanged Equipment, the day of interchange and the first two days after the day of interchange will be free time during which no charge will be made for the use of the Equipment. In computing free time, Saturdays, Sundays and legal holidays will be excluded. When use charges are caused by the acts of a Customer, the appropriate delay, demurrage, detention or storage charges as outlined in this Agreement in ITL’s published rules will be assessed. These charges will be billed by ITL direct to the Customer separate from the normal freight handling charges. The Carrier shall not be responsible to ITL for any demurrage charges caused by the Customer and not within the reasonable control of the Carrier. Demurrage on Equipment shall be computed, applied, and paid, in accordance with ITL’s tariffs in ef- fect from time to time as of the date of loss or theft or disappearance of the Equipment. In any event, and whether a current tariff is in effect, Carrier will be charged demurrage by ITL for the period of time that ITL is deprived of the use of Equipment during the Carrier Period of Responsibility, and after the Equipment is lost or stolen or disappears during the Carrier Period of Responsibility, Carrier will also be charged demurrage by ITL for the period of time, after the loss or theft or disappearance of Equipment is reported to ITL, while ITL is awaiting settlement of its claim for loss or damage, and demurrage, from the Carrier or its insurance underwriters. Current demurrage charges per 24-hour period or fraction thereof are as follows: Days return delayed Daily charge Days delayed by Carrier – all containers and trailers $100 Days delayed by Carrier – all chassis $15 Over 30 days – Stipulated Loss Value is due VI) REPAIRS TO EQUIPMENT
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