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APPENDIX. 67
4. When the number of lay days is specially mentioned for discharg-
ing, the Master is bound to tender, and the Consignee to take delivery,
of a proportionate quantity of the cargo each working day, unless some
other quantity is mutually agreed on.
Note. — Should the said proportionate quantity be less than the
quantity specified above (Section III., Clause 2), the Master is
bound to tender, and the Consignee to take delivery, of the
latter quantity each working day.
5. When the number of lay days for discharging is the unexhausted
balance of a number specified for discharging and other purposes, the
quantity to be tendered and taken delivery of each working day is the
quantity specified above (Section III., Clause 2), unless a larger quantity
is mutually agreed on.
6. A day does not count against the Consignee if the discharge is
interrupted through failure of the Master to tender cargo as above
stated.
V.— Settlement of Freight.
1. Freights on wood and timber from ports in Canada and United
States are payable, one-third in cash on arrival, and the remaining two-
thirds on right and true delivery of the cargo, in good and approved Bills
at four months, or in cash less four months' discount at the rate of five
per cent, per annum, from the date of completion of discharge.
2. All other Freights, except Coasting and Continental Freights are
payable on right and true delivery of the cargo in cash, less one month's
discount at the rate of five per cent, per annum, from date of vessel's
report at Customs, in cases of cargoes from ports on this side of Cape
Horn and the Cape of Good Hope, and less two months' discount at
the said rate in cases of cargoes from ports on the other side of the said
Capes.
3. Freights on goods payable by weight are payable on the net
weight delivered, unless otherwise specially stipulated, except Coasting
and Continental Freights, which are payable on the gross weight, unless
otherwise specially stipulated. Freights payable by measurement are
payable by calliper measure, unless otherwise specially stipulated.
4. When Freight is payable by a Bill on Usance on London or in
cash equal thereto, cash without discount is meant, or a Bill for the
same amount on London at such a date as the Banks here will grant
without charge.
5. Approved Bills means Bankers' Drafts or Acceptances guaranteed
by a Banker.
6. When the ship is consigned to charterers or their agents paying
usual or customary commission, the consignee of the cargo is entitled
to deduct two-and-a-half per cent, from the amount of Freight payable
by him.
Note. — When Freight is to be paid in cash on right and true
delivery of the cargo, without reference to the custom of the port, net
cash free from discount is meant.
James Morton, President.
Thos. King, Secretary.
Greenock, 25th February, 1876.

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