Overweight. Two (2) overweight violations equal one (1) minor violation. MAJOR VIOLATION DEFINITION
Overweight. ↔ In line with our expectation, the supplemental agreement for the water industry restructuring and consolidation of Selangor, Kuala Lumpur and Putrajaya was finally signed last Friday, 10 July 2015. This marked the conclusion of the Selangor State Government negotiations with Federal Government. This news certainly reinforces our OVERWEIGHT stance on the Water sector. We advocate investors to accumulate Puncak for the special dividend payment of RM1.00/fd shares. As we update our earnings forecasts, roll over our valuation benchmark to FY16 and imputing higher discount to SOP, PUNCAK’s TP is revised to RM3.29 from RM3.99 previously. It is however, still an OUTPERFORM call with potential upside of 18%. As for SPLASH, we expect negotiation between SSG and GAMUDA and Sweet Water Alliance on the valuation issues to resume after SSG completed the PUNCAK’s SPA. Furthermore, we expect the story of NRW reduction program or pipe replacement to emerge soon. As we expect the government to gradually spend on pipes replacement rather than immediately spend aggressively, this should benefit water pipe makers over the medium-longer term. Supplemental agreement finally signed. According to media statement issued by the office of Selangor Chief Minister, the Supplemental Agreement for restructuring and consolidation of Selangor, Kuala Lumpur and Putrajaya water services industry was signed at the Deputy Prime Minister’s office last Friday, 10 July 2015. The signing of the Supplemental Agreement to the Master Agreement dated 12 September 2014 follows the conclusion of the Selangor State Government (SSG) negotiations with the Federal Government (FG). The Supplemental Agreement extends the period for completing the Master Agreement by 60 days commencing from the date of the Supplemental Agreement. The dispute over the ownership of the Sungai Semenyih and Bukit Nanas Water Treatment Plants will now be addressed separately between the Federal and State Government. More importantly, the extension of the completion date of the Master Agreement will facilitate the completion of the SPA signed between Air Selangor and PUNCAK for the purchase the latter’s 70%-owned SYABAS and PNSB. Puncak likely to give an extension to SSG to complete the SPA. We understand the deadline that Xxxxxx gave to SSG after the 6th extension to complete the SPA is today. Nonetheless, with the signing of supplemental agreement, we believe PUNCAK will extend further the deadline until SSG complete the SPA wi...
Overweight. Any piece that falls within any of these categories will incur one charge – the highest of Irregular, Over- Length, Oversize or Overweight. Irregular An “Irregular” Extra Care charge may apply to any articles that, due to their nature (e.g., shape, packaging, contents), are deemed by Canpar Express, in its sole discretion, to be unsuitable for our sorting facilities (e.g. liquids, wooden or metal crates and non-conveyable items). This includes any package, article, pail or container not fully encased in an appropriate shipping container or any package or article that requires repackaging due to inappropriate or insufficient original packaging.
Overweight. An “Overweight” Extra Care charge may apply to a single piece that meets the Overweight criteria. (Please refer to “Ancillary & Miscellaneous Rates” section for “Overweight” criteria.)
Overweight. CARRIER will be responsible for the risks and costs of fines for overweight and oversize trailers when the trailers are preloaded, sealed or the load is containerized, or when the trailer or lading is otherwise outside of the CONTRACTOR’S control, except when the violation results from the acts or omissions of CONTRACTOR.
