(1) The sender may, at any time, terminate the contract of carriage by notice.
(2) If the sender terminates the contract, then the carrier may claim either
1. the agreed freight, any demurrage, as well as any expenditures the sender is entitled to have refunded, less any savings occasioned by the termination of the contract or any moneys which the termination of the contract has enabled the sender to earn and which the sender has in fact earned, or which the sender, acting in bad faith, has failed to earn, or
2. one third of the agreed freight (Fautfracht).
If the termination is based on reasons within the sphere of risks to be borne by the carrier, no claim to Fautfracht based on sentence 1, number 2, will arise; neither will a claim based on sentence 1 number 1 arise in such a case insofar as the carriage is of no interest to the sender.
(3) If goods already had been loaded prior to the termination, the carrier may take measures at the sender's expense in accordance with section 419 (3) sentences 2 to 4 or may require the sender to unload the goods without delay. The carrier must tolerate the unloading of the goods only insofar as it can be done without prejudice to the carrier’s business and without causing damage to the senders or consignees of other consignments. If the termination is based on reasons falling within the sphere of risks to be borne by the carrier, then the carrier will be obliged, contrary to the sentences 1 and 2, to unload the goods already loaded without delay and at the carrier’s own expense.