12. SHIPPING TERMS DISCHARGE RATE:
2000 MT PER DAY DISCHARGE 4 OR MORE AVAILABLE HOOK PRORATES LESS FOR LESS NUMBER OF HOOKS.
DEMURRAGE / DISPATCH RATE:
THE RATE OF DEMURRAGE SHALL BE AS PER CHARTER PARTY BUT EXCEEDING UNITED STATES DOLLARS 20,000 PER DAY OF PRORATE FOR PART THEREOF. THE RATE OF DISPATCH SHALL BE EQUIVALENT TO HALF OF THE DEMURRAGE RATE AND PAYABLE FOR ALL TIME SAVED. IN THE EVENT THAT THE BUYER FALLS TO MEET THE GUARANTEED DISCHARGE RATE, BUYER SHALL PAY THE DEMURRAGE TO THE SELLER FOR ALL TIME LOST. IN THE EVENT THAT THE BUYER DISCHARGES AT RATE IN EXCESS OF THE GUARANTEED DISCHARGE RATE, THE SELLER SHALL PAY TO THE BUYER THE DISPATCH FOR ALL TIME SAVED. DEMURRAGE / DISPATCH IS TO BE SETTLED WITHIN 20 DAYS AFTER SUBMISSION OF COPY OF NOR AND STATEMENT OF FACTS AND THE LAY TIME CALCULATIONS.
LAYTIME
LAY TIME FOR DISCHARGING TO COMMENCE 24 HOURS AFTER TENDERING OF NOTICE OF READINESS BY MASTER DURING OFFICE HOURS. TIME FROM 1200 HOURS ON SATURDAY OR THURSDAY OR DAY PRECEDING HOLIDAY UNTIL 0800 ON MONDAY OR SATURDAY OR NEXT WORKING DAY FOLLOWING A HOLIDAY NOT TO COUNT LAYTIME. LAYTIME SHALL CEASE TO COUNT UPON COMPLETION OF DISCHARGE. TIME LOST IN SHIFTING BETWEEN BERTHS AT DISCHARGE PORT NOT TO COUNT AS LAYTIME USED. TIME TAKEN STEAMING FROM ANCHORAGE TO THE DISCHARGE BERTH NOT TO COUNT AS LAYTIME USED.
NOTICE OF READINESS
NOTICE OF READINESS TO BE TENDERED BY MASTER OF AGENT OF THE VESSEL IN WRITING DUR1NG NORMAL OFFICE WORKING HOURS FROM MONDAY TO FRIDAY BETWEEN 0800 HRS AND 1700 HRS OR BETWEEN 0800 HRS AND 1200 HRS ON SATURDAY, AND DURING NORMAL WORKING HOURS FROM SATURDAY TO WEDNESDAY BETWEEN 0800 HRS AND 1700 HRS OR BETWEEN 0800 HRS AND 1200 HRS ON THURSDAY (OR AS PEP THE WEEK ENDS OF THE RESPECTIVE COUNTRIES
NOTICE OF READINESS SHALL, BE TENDERED BY MASTER/AGENT OF THE VESSEL TO BUYERS OR THEIR AGENT UPON ARRIVAL OF THE VESSEL WITHIN PORT LIMITS, AFTER OBTAINING FREE PRATIQUE AND CUSTOM CLEARANCE, WHETHER IN BERTH OR NOT, ON COMPLETION OF DISCHARGING, A STATEMENT OF FACTS SHALL BE MADE OUT AT THE DISCHARGE PORT DULY SIGNED BY THE MASTER/AGENTS OF THE VESSEL AND THE RECEIVERS/THEIR REPRESENTATIVES.
NOMINATION
SELLER TO NOMINATE A SINGLE DECKER BULK CARRIER VESSEL TO BUYER FOR ACCEPTANCE PRIOR FIXING AND AT LEAST 6 DAYS PRIOR TO COMMENCEMENT OF LAYCAN THE VESSEL. SELLER TO PROVIDE FOLLOWING DETAILS IN THEIR NOMINATION, VESSEL'S NAME, BASIC DESCRIPTION, AGE, FLAG, LQA/BEAN, GT/NT, HOLD/HATCH, DIMENSION/SIZE, SHIPS GEAR, POSITION, OUTREACH/SHIPS VOLTAGE AND AMPERAGE. ETC DEMURRAGE, DISPATCH RATE ESTIMATED CARGO INTAKE VESSEL LAYMAN & ETA
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