Common use of Space Allocation Clause in Contracts

Space Allocation. (a) Slot and deadweight allocation on each southbound and northbound sailing shall be shared between the Parties in proportion to the aggregate agreed capacity that each Party provides within each cycle of thirteen consecutive sailings. The foregoing principle may be waived by the Parties agreeing to do so in writing. (b) One cycle will be defined as 13 consecutive weekly sailings and the slots provided within any given cycle will determine a Party’s slot entitlement within that cycle, unless otherwise specifically agreed. (c) The average weight per slot will be assessed at: - 12 tons per TEU Southbound (from Europe via USEC to FPI/ANZ) - 14 tons per TEU Northbound (from ANZ via USEC to Europe) The Parties will agree the slot capacity of each vessel upon the basis of the above average deadweight per TEU. (d) Any Party may agree to sell any portion of its allocation to another Party at a pre-agreed slot rate. Any sale of slots to a non-Party is not permitted without the written consent of the other Party. Notwithstanding the preceding sentence, any Party may make space available to any affiliated or wholly owned subsidiaries and shall not require the consent of the other Party to do so. (e) In the event that the deadweight capacity of a ship is reduced as a result of draft limitations at ports or canals as well as temporary reductions in draft caused by unforeseen events, then the allocation of deadweight to each 3rd Revised Page No. 6 Party loading on that voyage leg shall be reduced proportionately to the overall reduction in deadweight. Any change in allocation made pursuant this Article 5.3(e) will be effected at a port, or phased over a range of ports, as agreed by the Parties. (f) Reefer plugs on each sailing shall be allocated among the Parties in accordance with the principle set forth in Article 5.3(a). A reefer plug premium will be established for excess reefer plug usage used on the other Party’s vessels. For avoidance of doubt the Vessel Providing Party will not pay the other Party a reefer premium for excess plugs utilized on its own vessels.

Space Allocation. (a) Slot and deadweight allocation on each southbound and northbound sailing shall be shared between the Parties in proportion to the aggregate agreed capacity that each Party provides within each cycle of seven or thirteen consecutive sailings, as the case may be. The foregoing principle may be waived by the Parties agreeing to do so in writing. (b) One cycle will be defined as 7 consecutive fortnightly sailings in slack season and as 13 consecutive weekly sailings in peak season and the slots provided within any given cycle will determine a Party’s slot entitlement within that cycle, unless otherwise specifically agreed. (c) The average weight per slot will be assessed at: - 12 tons per TEU Southbound (from Europe via USEC to FPI/ANZ) - 14 tons per TEU Northbound (from ANZ via USEC to Europe) The Parties will agree the slot capacity of each vessel upon the basis of the above average deadweight per TEU. (d) Any Party may agree to sell any portion of its allocation to another Party at a pre-agreed slot rate. Any sale of slots to a non-Party is not permitted without the written consent of the other Party. Notwithstanding the preceding sentence, any Party may make space available to any affiliated or wholly owned subsidiaries and shall not require the consent of the other Party to do so. (e) In the event that the deadweight capacity of a ship is reduced as a result of draft limitations at ports or canals as well as temporary reductions in draft caused by unforeseen events, then the allocation of deadweight to each CMA CGM/ /MARFRET Vessel Sharing Agreement for PAD Service FMC Agreement No.011931-009 010 (6th 7th Edition) 3rd Revised Page No. 6 Party loading on that voyage leg shall be reduced proportionately to the overall reduction in deadweight. Any change in allocation made pursuant this Article 5.3(e) will be effected at a port, or phased over a range of ports, as agreed by the Parties. (f) Reefer plugs on each sailing shall be allocated among the Parties in accordance with the principle set forth in Article 5.3(a). A reefer plug premium will be established for excess reefer plug usage used on the other Party’s vessels. For avoidance of doubt the Vessel Providing Party will not pay the other Party a reefer premium for excess plugs utilized on its own vessels.

Space Allocation. (a) Slot and deadweight allocation on each southbound and northbound sailing shall be shared between the Parties in proportion to the aggregate agreed capacity that each Party provides within each cycle of thirteen seven consecutive sailings. The foregoing principle may be waived by the Parties agreeing to do so in writing. (b) One cycle will be defined as 13 7 consecutive weekly fortnightly sailings and the slots provided within any given cycle will determine a Party’s slot entitlement within that cycle, unless otherwise specifically agreed. (c) The average weight per slot will be assessed at: - 12 tons per TEU Southbound (from Europe via USEC to FPI/ANZ) - 14 tons per TEU Northbound (from ANZ via USEC to Europe) The Parties will agree the slot capacity of each vessel upon the basis of the above average deadweight per TEU. (d) Any Party may agree to sell any portion of its allocation to another Party at a pre-agreed slot rate. Any sale of slots to a non-Party is not permitted without the written consent of the other Party. Notwithstanding the preceding sentence, any Party may make space available to any affiliated or wholly owned subsidiaries and shall not require the consent of the other Party to do so. (e) In the event that the deadweight capacity of a ship is reduced as a result of draft limitations at ports or canals as well as temporary reductions in draft caused by unforeseen events, then the allocation of deadweight to each 3rd Revised Page No. 6 Party loading on that voyage leg shall be reduced proportionately to the overall reduction in deadweight. Any change in allocation made pursuant this Article 5.3(e) will be effected at a port, or phased over a range of ports, as agreed by the Parties. (f) Reefer plugs on each sailing shall be allocated among the Parties in accordance with the principle set forth in Article 5.3(a). A reefer plug premium will be established for excess reefer plug usage used on the other Party’s vessels. For avoidance of doubt the Vessel Providing Party will not pay the other Party a reefer premium for excess plugs utilized on its own vessels.

Space Allocation. (a) Slot and deadweight allocation on each southbound and northbound sailing shall be shared between the Parties in proportion to the aggregate agreed capacity that each Party provides within each cycle of seven thirteen consecutive sailings. The foregoing principle may be waived by the Parties agreeing to do so in writing. (b) One cycle will be defined as 7 13 consecutive weekly fortnightly sailings and the slots provided within any given cycle will determine a Party’s slot entitlement within that cycle, unless otherwise specifically agreed. (c) The average weight per slot will be assessed at: - 12 tons per TEU Southbound (from Europe via USEC to FPI/ANZ) - 15 14 tons per TEU Northbound (from ANZ via USEC to Europe) The Parties will agree the slot capacity of each vessel upon the basis of the above average deadweight per TEU. (d) Any Party may agree to sell any portion of its allocation to another Party at a pre-agreed slot rate. Any sale of slots to a non-Party is not permitted without the written consent of the other Party. Notwithstanding the preceding sentence, any Party may make space available to any affiliated or wholly owned subsidiaries and shall not require the consent of the other Party to do so. (e) In the event that the deadweight capacity of a ship is reduced as a result of draft limitations at ports or canals as well as temporary reductions in draft caused by unforeseen events, then the allocation of deadweight to each 3rd Revised Page No. 6 Party loading on that voyage leg shall be reduced proportionately to the overall reduction in deadweight. Any change in allocation made pursuant this Article 5.3(e) will be effected at a port, or phased over a range of ports, as agreed by the Parties. (f) Reefer plugs on each sailing shall be allocated among the Parties in accordance with the principle set forth in Article 5.3(a). A reefer plug premium will be established for excess reefer plug usage used on the other Party’s vessels. For avoidance of doubt the Vessel Providing Party will not pay the other Party a reefer premium for excess plugs utilized on its own vessels.

Space Allocation. (a) Slot and deadweight allocation on each southbound and northbound sailing shall be shared between the Parties in proportion to the aggregate agreed capacity that each Party provides within each cycle of thirteen sixseven consecutive sailings. The foregoing principle may be waived by the Parties agreeing to do so in writing. (b) One cycle will be defined as 13 67 consecutive weekly fortnightly sailings and the slots provided within any given cycle will determine a Party’s slot entitlement within that cycle, unless otherwise specifically agreed. (c) The average weight per slot will be assessed at: - 12 tons per TEU Southbound (from Europe via USEC to FPISFPI/ANZ) - 14 15 tons per TEU Northbound (from ANZ via USEC to Europe) The Parties will agree the slot capacity of each vessel upon the basis of the above average deadweight per TEU. (d) Any Party may agree to sell any portion of its allocation to another Party at a pre-agreed slot rate. Any sale of slots to a non-Party is not permitted without the written consent of the other PartyPartyies. Notwithstanding the preceding sentence, any Party may make space available to any affiliated or wholly owned subsidiaries and shall not require the consent of the other Party Partyies to do so. (e) In the event that the deadweight capacity of a ship is reduced as a result of draft limitations at ports or canals as well as temporary reductions in draft caused by unforeseen events, then the allocation of deadweight to each 3rd 2nd3rd Revised Page No. 6 Party loading on that voyage leg shall be reduced proportionately to the overall reduction in deadweight. Any change in allocation made pursuant this Article 5.3(e) will be effected at a port, or phased over a range of ports, as agreed by the Parties. (f) Reefer plugs on each sailing shall be allocated among the Parties in accordance with the principle set forth in Article 5.3(a). A reefer plug premium will be established for excess reefer plug usage used on the other Party’s vessels. For avoidance of doubt the Vessel Providing Party will not pay the other Party a reefer premium for excess plugs utilized on its own vessels.