Purchaser’s Demurrage Obligations Clause Samples
The Purchaser’s Demurrage Obligations clause defines the buyer’s responsibility to pay demurrage charges when there are delays in loading or unloading goods beyond the agreed laytime. In practice, this means that if the purchaser causes or is responsible for delays at the port, they must compensate the seller or carrier for the extra costs incurred due to the vessel being held up. This clause ensures that the financial risk of delays is fairly allocated and incentivizes the purchaser to facilitate timely cargo operations.
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Purchaser’s Demurrage Obligations. Purchaser will, with respect to Biodiesel sold hereunder, coordinate all logistics for arrival of Transport Vessels at Delivery Points and shipment of such Biodiesel product from Delivery Points. Purchaser shall be responsible for Demurrage (i) for the time period between the point of origin of Transport Vessel to the Delivery Points, (ii) for the time period between Delivery of Biodiesel product to Purchaser's sales destination, and (iii) as a result of any failure of arriving Transport Vessels to meet the requirements of Exhibit “B”.
Purchaser’s Demurrage Obligations. Purchaser will coordinate all logistics for arrival of Transport Vessels at Delivery Points and shipment of Biodiesel product from Delivery Points. Purchaser shall be responsible for Demurrage (i) for the time period between the point of origin of Transport Vessel to the Delivery Points, (ii) for the time period between Delivery of Biodiesel product to the point of sales, (iii) as a result of any failure of arriving Transport Vessels to meet Transport Vessel requirements of Exhibit 6.1, and in the case of barge shipments, forty eight (48) hours after arrival of barges at the Delivery Point or as otherwise set forth in the applicable contract.