This article will discuss how the Gafta extension of the delivery/shipment clause works. We will also examine whether the discount applies to the whole shipment or only to a portion loaded outside the original delivery period. Extension of delivery period clauses are contained in the most commonly used Gafta proforma. These are contracts 48, 49, 64, and 100. In this article, I use Gafta 48 for illustration. General rules for extending the delivery period under…
