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Interest on Late Payments Clause

6 August 2018

INTERTANKO Interest on Late Payments Clause

If Charterers fail to pay freight in full so as to be received by Owners within three/five (3/5) days after it is due, or in the case of demurrage within 30 days after it is invoiced, interest shall accrue on the overdue amount, from the due date until the date paid, at XXXX% p.a.

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