596. Richco International Ltd v Alfred C Toepfer International GmbH (the “Bonde”) [1991] 1 Lloyd’s Rep 136
FOB sale – demurrage clause – the nature of demurrage as liquidated damages The facts A parcel of wheat was sold FOB Damman, Saudi Arabia. The contract provided for demurrage, a guaranteed loading rate, sellers’ carrying charges if vessel arrived late and a right on behalf of the buyers to extend the delivery date. The […]