Payment of Freight Clause Samples

Payment of Freight. Prepay the transportation costs (F.O.B. destination), on all shipments to the Depository.

Payment of Freight. (a) The freight payable by Shipper shall be deemed earned upon completion of loading of Cargo, shall be invoiced as promptly as practicable thereafter, and all invoices rendered by Carrier under the Contract shall be payable to Carrier within thirty (30) days following the date of invoice. Any invoices that remain unpaid after thirty (30) days from date of invoice shall earn interest, compounded at one and one-half (1 1/2) percent per month or portion thereof from the due date. If the aforesaid interest rate is determined to be illegal under Florida law during the term of this Contract, the interest charge shall be at the maximum legal rate. (b) The weight of Cargo shipped shall be determined by the loading facilities’ certified belt scale weight, or at Shipper’s option, a draft survey at Shipper’s expense. Shipper shall maintain (or cause to be maintained) the belt scales in accordance with the manufacturer’s instructions and applicable standards. The scales shall be re-certified at least once every six months, and Shipper shall send to Carrier appropriate evidence of said re-certification. Either party may, at its own expense, have the loaded weight verified by a draft survey prepared by an independent marine surveyor such as National Cargo Bureau and, in that event, the result of such survey shall be official shipping weight. The expense of the draft survey shall be shifted to Shipper if Shipper has failed to have re-certified the belt scales in accordance with this paragraph and the belt scales weights deviated from the draft survey results by greater than one-half percent. (c) If, during any 60-day period, Shipper shall fail to tender any Cargo for transportation by Carrier under this Contract, then Carrier may commence invoicing the Shipper monthly for pro rata portion of the Guaranteed Annual Minimum at the Freight Rate then in effect in accordance with Section 2(c). The amounts paid under this paragraph (c) for any calendar year shall be credited at the end of such calendar year toward the amounts otherwise owed under Section 2(c), and if the amounts paid under this paragraph (c) exceed the amounts otherwise owed under Section 2(c), the excess amounts shall be promptly refunded.

Payment of Freight. The freight to be paid in the manner prescribed in Clause 22.

Payment of Freight. There is a duty to make himself responsible to pay the freight. Compare this with the version provided by ▇▇▇▇ ▇▇▇▇▇▇ in ▇▇▇▇▇▇▇ v ▇▇▇▇▇▇▇ ▇▇▇▇▇,26 where he states that the duty is ʺto make out an invoice which normally will debit the buyer with the agreed price, or the actual cost, commission charges, freight, and insurance premium, and credit him for the amount of the freight which he will have to pay to the shipowner on delivery of the goods at the port of destination. This version is founded on the assumption that the parties have arranged ʹfreight collectʹ and that freight has not been prepaid by the seller, which is the norm today. Duty to send buyer conforming documentation : There is a duty to tender conforming shipping documents to the buyer, at the buyerʹs usual place of business or residence, according to The Albazero.27 Shipping documents must be tendered within a reasonable time and paid for on endorsement by the buyer according to ▇▇▇▇▇▇▇ V ▇▇▇▇▇▇▇,28 and they must arrive at least in time to discharge the goods on arrival according to ▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇.29 Tender will usually be against payment of the price. Conforming documents include at least a bill of lading, or equivalent specified in the contract such as a seaway bill or shipʹs delivery order,