What am I looking at?
Each purchase contract in full: what we agreed to buy, at what price and quality, how laytime is counted, and how it is paid for. The risk panel at the top reads the clauses on their own terms and flags the ones that can cost money if the voyage goes badly — uncapped demurrage above all.
- Quantity tolerance
- The band either side of the contract quantity that the seller may ship at their option, shown as an actual tonnage range.
- Laytime terms
- The discharge rate, what counts as laytime, and the daily demurrage rate. These are the inputs to every laytime calculation on that contract's cargoes.
- Risk flags
- Clauses read straight from the contract. Nothing here depends on how any particular shipment went.
Read the full guide for this screen · written for Commercial
CTR-SM-2026-104
shippedCIFLow Ash Metallurgical Coke bought from Meridian Commodities Pte Ltd for discharge at Kolkata Dock System. Signed 01 Nov 2025.
Contract risk
Clauses that can cost us money if the voyage goes badly. Read from the contract terms alone — nothing here depends on how this shipment actually went.
Charter party is not disclosed
warningUnder CIF the seller charters the vessel and we never see the charter party. Laytime exceptions are argued from the Statement of Facts alone, with no head-charter wording to fall back on.
Lighterage time counts as laytime
warningWaiting for barges at the anchorage runs against our allowance, even though barge supply is a port constraint rather than our delay.
Commercial terms
Seller
Commodity
Discharge port
Base price
Contract quantity
Laycan
Who carries what under CIF
Ocean freight
sellerMarine insurance
sellerLoad port demurrage
sellerDischarge demurrage
usRisk passes
at load portQuality specification
Typical is what the seller declares. Cargo outside the maximum or minimum is repriced by the adjustment rules below.
| Parameter | Typical | Maximum | Minimum |
|---|---|---|---|
| Ash ASH | 12.00 % | 12.50 % | — |
Price adjustment rules
ASH — deduct $2.00 per tonne for every 0.50 % beyond 12.50 %, pro rata. Cargo past 14.50 % may be rejected.
Laytime and demurrage terms
Laytime is the free time we get to discharge. Run past it and Demurrage is payable for every day over.
Discharge rate
Counted as
Notice of Readiness may be tendered
Demurrage rate
Despatch rate
Daily cap
Settlement window
Payment terms
Instrument
Provisional payment
Final payment
Credit period
Parcels shipped against this contract
| Parcel | B/L | B/L date | B/L quantity | Status |
|---|---|---|---|---|
| PCL-2026-0504 | BL/0504 | 10 Jun 2026 | 31,000.000 MT | In transit |
31,000.000 MT shipped against 31,000.000 MT contracted.