Common use of Overview of Agreement Authority Clause in Contracts

Overview of Agreement Authority. 5.1 The parties, or any of them, are authorized, but not required, to meet, exchange and discuss and reach consensus or agreement upon uniform or differential transportation rates, charges, classifications, rules, service items including arranging or not arranging inland transport, freight compensation, credit and per diem terms and conditions, rates and terms of service contracts, practices and any other term or condition relating without limitation to any aspect of ocean transportation or common carrier in the Trade, whether or not such rates, charges, classifications, etc. are required to be included in a or a contract. Matters subject to this authority include, but are not limited to, port-to-port rates, overland rates, volume rates, port area rates, through rates, interior point intermodal rates and minilandbridge rates for service in the Trade. The parties are not authorized to publish a Pacific Islands Discussion Agreement FMC Agreement No. 000-000000-000 Original Page No. 3 common tariff. The parties shall have no obligation to adhere, other than voluntarily, to any consensus or agreement reached under the authority of this Article 5.1. If any party shall decide not to adhere to any such consensus or agreement, it shall endeavor to promptly notify each other party of such decision.