20. Demurrage at loading and/or discharge ports is to be paid at the rate of [blank] per day or pro rata for part of a day and shall be paid by Charterers in respect of loading port(s) and by Charterers/Receivers* [the word "Receivers" was struck through] in respect of discharge ports. Despatch money to be paid by Owners at half the demurrage rate of all working laytime saved at loading and/or discharging ports.

A bill of lading was issued for the cargo which incorporated all the “terms, conditions, liberties and exceptions” of the voyage charter. Arab Bank (“Financiers”) financed the cargo and Yousef Freiha (“Receivers”) were the receivers who took delivery of the cargo in Lebanon.