420. Loading of goods, laytime and demurrage under fob contract.

Where a buyer in an fob contract has chartered a vessel under a voyage charterparty1 for the carriage of the goods he has bought, 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 loading of the goods at the port of shipment takes longer than the number of lay days available to the buyer under his charterparty, the buyer may find that he is liable under his charterparty for payment of an agreed