CHARTER PARTIES

GENCON – Clause 15

Brokerage

CLAUSE 15

15. Brokerage	210
A brokerage commission at the rate stated in Box 24 on the freight, dead-freight	211
and demurrage earned is due to the party mentioned in Box 24.	212
In case of non-execution 1/3 of the brokerage on the estimated amount of	213
freight to be paid by the party responsible for such non-execution to the	214
Brokers as indemnity for the latter's expenses and work. In case of more	215
voyages the amount of indemnity to be agreed.	216

Click on Brokerage to see a detailed comment.

By non-compliance of the contract of affreightment the Ship Owner must pay 1/3 of the brokerage on estimated value of the freight and deadfreight to the broker. In case of several voyages the amount of the brokerage commission must be determined by mutual agreement. (See also The Defence of the Broker in case of Non-Payment of his Brokerage Commission.)

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