Common use of Running of Laytime Clause in Contracts

Running of Laytime. If the Constructive Placement of the barge at the loading place or port occurs on the Barge Loading Date, Laytime shall commence running upon the Constructive Placement of the barge. If the Constructive Placement of the barge occurs prior to the Barge Loading Date, Laytime shall begin running, at the earlier of, 0700 hours on the Barge Loading Date or 0700 hours following the time at which loading commences (if loading commences prior to 0700 hours, then Laytime begins running at 0700 hours on that day; if loading commences after 0700 hours Laytime begins running on the following day at 0700 hours). If the Constructive Placement of the barge occurs after the Barge Loading Date, Laytime shall begin running at 0700 hours following the time at which loading commences. Laytime shall end at 0700 hours after the time at which the loading of the barge has been ended. For the avoidance of doubt, there are to be no partial laydays or days on demurrage and the minimum used Laytime for a barge which loads at any place or port on the Applicable Waterways is to be one (1) Day.

Appears in 4 contracts

Samples: www.sec.gov, www.sec.gov, Certain (United Maritime Group, LLC)

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