Commercial Maritime Law

1. If loading or discharge does not take place within the period specified in the charterparty, an additional period not exceeding the original period shall take effect, during which the lessor shall be entitled to a daily compensation as specified in the charterparty. If loading or discharge does not take place within the additional period, a second additional period not exceeding the first one shall take effect, during which the lessor shall be entitled to a daily compensation equal to 150% of the daily compensation set for the first Commercial Maritime Law additional period, without prejudice to any other compensations. 2. The daily compensation for the additional periods shall be deemed part of the freight-related expenses and thus subject to their provisions.