CLAUSE 32 - FREIGHT PAYMENT:
Full freight to be paid within 3( three) banking days after completion of loading and signing / releasing Bill(s) of Lading marked “ Freight Payable as per Charter Party” but always before breaking bulk in case Bill(s) of Lading marked “Freight Prepaid” the same to be released against Owners receive telex confirmation from Charterers bank (MT 103) that initial freight has irrevocably been remitted to Owners bank account.
Freight to be considered earned as cargo on board, discountless, non-returnable whether ship and/ or cargo lost or not lost. In any event freight shall be paid before breaking bulk.
Paid means received in Owners bank account. Any time lost and cost associated with freight not being paid and vessel having to wait to discharge until freight has been paid is for Charterers’ account