Notice to the Trade

Addendum 1, Clause 6 be of the NAEGA 2 Model Contract (revised March 30, 2018) is the subject of a new NAEGA Notice to Trade. The notice provides guidance on how to calculate the waiting time at the second berth if the first seller has loaded part of their cargo at the first berth. The notice clarifies that that the correct interpretation of "remaining contracts" in Addendum 1, Clause 6B, should be interpreted to read as "remaining tonnage."  The Notice is available to the public and can be found here.