Common use of Charges Clause in Contracts

Charges. (1) Charges shall be deemed fully earned on receipt of the Goods by the CTO and shall be paid and non-returnable in any event. (2) The Charges have been calculated on the basis of particulars furnished by the Merchant. The CTO may at any time inspect, reweigh, remeasure and revalue the Goods and if the particulars are found to be incorrect the Merchant shall pay the CTO a sum equal to double the correct Charges (less the Charges charged) as liquidated damages. (3) All charges shall be paid without any set-off, counter-claim, deduction or stay of execution, before delivery of the Goods. (4) The persons falling within the definition of Merchant shall be jointly and severally liable for the payment of the Charges and liquidated damages as above. (5) Charges are to be paid in the contract currency or at the CTO's option in the currency of the country of dispatch or destination or of issuance of this Bill of Lading at the highest rate of exchange on the date of the contract for the Transport or on the date of payment whichever rate is the higher.

Charges. (1) Charges shall be deemed fully earned on receipt of the Goods by the CTO and shall be paid and non-returnable in any event. (2) The Charges have been calculated on the basis of particulars furnished by the Merchant. The CTO may at any time inspect, reweigh, remeasure and revalue the Goods and if the particulars are found to be incorrect the Merchant shall pay the CTO a sum equal to double the correct Charges (less the Charges charged) as liquidated damages. (3) All charges shall be paid without any set-off, counter-claim, deduction or stay of execution, before delivery of the Goods. (4) The persons falling within the definition of Merchant shall be jointly and severally liable for the payment of the Charges and liquidated damages as above. (5) Charges are to be paid in the contract currency or at the CTO's option in the currency of the country of dispatch or destination or of issuance of this Bill of Lading at the highest rate of exchange on the date of the contract for the Combined Transport or on the date of payment whichever rate is the higher.