CIF sale – demurrage – buyers’ obligation to pay for demurrage not including the risk of delay at port of discharge.
A CIF contract was made incorporating GAFTA 100 contract provisions for 5 000 tonnes 5% plus minus Chinese sweet potatoes.
A special discharge clause read as follows: “Discharge 400 metric tonnes per hold / weather working day Sundays and holidays excepted unless used with maximum 2 000 metric tonnes per day. Demurrage US dollars $3500 per day with half dispatch.”
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