of the following information: the contract number, the name of commodity,
quantity, the name of the carrying vessel, the age, nationality, and
particulars of the carrying vessel, the expected date of loading, the
expected time of arrival at the port of destination, the name, telex and
cable address of the carrier.
15.6 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 Master of the carrying
vessel shall notify the Buyer respectively 7 (seven) days and 24
(twenty-four) hours prior to the arrival of the vessel at the port of
destination, by telex or cable about its ETA (expected time of arrival),
contract number, the name of commodity, and quantity.
15.7 If goods are to be shipped per liner vessel under liner Bill of
Lading, the carrying vessel must be classified as the highest ____________
or equivalent class as per the Institute Classification Clause and shall
be so maintained throughout the duration of the relevant Bill of Lading.
Nevertheless, the maximum age of the vessel shall not exceed 20 years at
the date of loading. The seller shall bear the average insurance premium
for liner vessel older than 20 years. Under no circum -stances shall the
Buyer accept vessel over 25 years of age.
15.8 For break bulk cargoes, if goods are shipped in containers by the
Seller without prior consent of the Buyer, a compensation of a certain
amount to be agreed upon by both parties shall be payable to the Buyer by
the Seller.
15.9 The Seller shall maintain close contact with the carrying vessel
and shall notify the Buyer by fastest means of communication about any and
all accidents that may occur while the carrying vessel is on route. The
Seller shall assume full responsibility and shall compensate the Buyer for
all losses incurred for its failure to give timely advice or notification
to the Buyer.
16 CIF Terms:
Under CIF terms, besides Clause 15 C&F Terms of this contract which
shall be applied the Seller shall be responsible for covering the cargo
with relevant insurance with irrespective percentage.
17 Advice of Shipment:
Within 48 hours immediately after completion of loading of goods on
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