BIMCO’s general purpose voyage charter party, codenamed “GENCON,” is synonymous with BIMCO contracts. Since it was first developed in 1922, it has been considered BIMCO’s flagship contract, and it is world-wide the most widely used voyage charter party in the dry bulk sector. BIMCO owns the copyright for the GENCON voyage standard charter party.
(a) Demurrage shall be payable by the Charterers at the rate stated in Box 19* and despatch shall be payable by the Owners at half the demurrage rate on all laytime saved.
(b) Except as provided otherwise, demurrage shall accrue continuously and without interruption save where, and then only to the extent that, time is actually lost to the Charterers by the Vessel not being available to perform the service immediately required unless caused by the act or omission of the Charterers or their servants, agents or subcontractors.
(c) Demurrage shall fall due day by day and shall be payable upon receipt of the Owners’ invoice.
*Box 19 provides: "19. Demurrage (state rate and whether per day or pro rata) (Cl. 13(a))"