expenses and insurance premium thus sustained at the loading port shall be
based on the loading date notified by the agent to the Seller (or based on
the date of the arrival of the cargo at the loading port in case the cargo
should arrive there later than the notified loading date). The
abovementioned loss to be calculated from the 16th day after expiry of the
free storage time at the port should be borne by the Buyer with the
exception of Force Majeure. However, the Seller shall still undertake to
load the cargo immediately upon the carrying vessel’s arrival at the
loading port at its own risk and expenses. The payment of the afore-said
expenses shall be effected against presentation of the original vouchers
after the Buyer’s verification.
15 C&F Terms
15.1 The Seller shall ship the goods within the time as stipulated in
clause 8 of this Contract by a direct vessel sailing from the port of
loading to China port. Transhipment on route is not allowed without the
Buyer’s prior consent. The goods shall not be carried by vessels flying
flags of countries not acceptable to the Port Authorities of China.
15.2 The carrying vessel chartered by the Seller shall be seaworthy
and cargoworthy. The Seller shall be obliged to act prudently and
conscientiously when selecting the vessel and the carrier when chartering
such vessel. The Buyer is justified in not accepting vessels chartered by
the Seller that are not members of the PICLUB.
15.3 The carrying vessel chartered by the Seller shall sail and arrive
at the port of destination within the normal and reasonable period of
time. Any unreasonable aviation or delay is not allowed.
15.4 The age of the carrying vessel chartered by the Seller shall not
exceed 15 years. In case her age exceeds 15 years, the extra average
insurance premium thus incurred shall be borne by the Seller. Vessel over
20 years of age shall in no event be acceptable to the Buyer.
15.5 For cargo lots over 1,000 M/T each, or any other lots less than
1,000 metric tons but identified by the Buyer, the Seller shall, at least
10 days prior to the date of shipment, inform the Buyer by telex or cable
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