115. POST-SHIPMENT CREDIT PERIOD EXTENSION PROCESS NO FURTHER A MYSTERY

Historically, this added period was referred to in court docket as “lay times that need to be paid out for.” This expression is often deceptive mainly because it obscures the fact that the charterer is actually breaching the contract, Though they might mitigate further injury by completing their contractual obligations for the duration of this

Otherwise, they will negotiate For extra laytime Using the port authority citing Exclusive cargo requires.Normally, courts will calculate damages according to the previously agreed demurrage rate. However, it continues to be open for both get together to demonstrate that this rate isn't going to accurately reflect the shipowner’s actual losses.Cu