Where a seller in a cif contract has chartered a vessel under a voyage charterparty1 for the carriage of the goods sold, he may be responsible towards the party from whom he has chartered the vessel to ensure that the vessel loads and discharges the goods within a certain number of days, commonly known as 'lay days'2. If discharge of the goods at the port of destination takes longer than the number of lay days available to the seller under his charterparty, the seller may find that he is liable under his charterparty for payment of an agreed sum, commonly
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