Second Container Royalty Sample Clauses
The Second Container Royalty clause establishes the terms under which royalties are paid for the use or handling of a second container in a shipping or logistics arrangement. Typically, this clause specifies the amount, timing, and conditions for royalty payments when a second container is utilized, such as when additional cargo requires extra space beyond the first container. By clearly outlining these payment obligations, the clause helps prevent disputes over additional costs and ensures both parties understand their financial responsibilities when more than one container is involved.
Second Container Royalty. The Second Container Royalty (effective in 1971) in the amount of $1.00 per weight ton of containerized cargo not stuffed or stripped by ▇▇▇-represented labor (with lesser amounts for containerized cargo carried on vessels that are not full container vessels as determined in the ▇▇▇▇▇ Award, which is attached to this Master Contract as Appendix E) shall continue to be paid during the term of this Master Contract to MILA to be used exclusively for the purpose of funding the managed healthcare program administered by MILA in accordance with the provisions of Article XII of this