The Value Of Laytime & Demurrage Clause Upon Sale Contract

Usually, the international sale contract of bulk cargo or general cargo will involve with carriage under charterparty, which, in practice, are mainly divided into two types, voyage charterparty and time charterparty trip (TCT)(herein, this article will mainly discuss the context of voyage charterparty). If listing the matters worried by the parties under sale contract, together with the matters worried by cargo owners under voyage charterparty, the major common issue will be the matter of"laytime and demurrage".This article will firstly identify the action of cargo delivery under sale contract, then, distinguish the loading/discharging operation under voyage charterparty, so as to compare the two kinds of delivery actions to discuss their influence upon sale contract. And finally, accompany with the items of laytime and demurrage clause, further explain and prove the value of such clause upon sale contract.