Space Charter Sample Clauses

Space Charter. (a) The Parties are authorized to charter space on their respective vessels to each other for the carriage of cargo and equipment in the Trade on such terms as the Parties may from time to time agree. (b) To the extent a Party may from time to time have requirements for chartered space in the Trade, it shall first seek to charter such space from the other Party. (c) Compensation for any space chartered pursuant to this Agreement shall be upon such terms and at such hire as the Parties may from time to time agree. Billing and payment terms and conditions shall also be as agreed by the Parties from time to time, with the intention that accounts be settled on a voyage-by-voyage basis. (d) Space chartered hereunder may not be sub-chartered to another carrier unless and to the extent agreed to by both Parties (it being acknowledged that MACS has an existing approved slot charter agreement with CMA-CGM that is independent of, and outside the scope of, this Agreement). (e) Each Party shall be responsible for any costs incurred in connection with fines or taxes assessed on any of their cargo that is carried pursuant to this Agreement or in respect of the vessel/s operated by each of them (save to the extent that the other Party has otherwise agreed in writing to be liable for any such costs).
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Space Charter. (a) Maersk shall provide and guarantee to MSC, and MSC shall purchase from Maersk, space on a used/unused basis for the movement of 1,121 TEUs or 15,694 mtons (whichever is used first) on Maersk’s sailings in the trade during weeks 25, 27, 28, 30, 32, 34, 35, 37, 39, 41, 42, 44, 46, 48, 49, and 51 of 2020 and weeks 2, 4, 5, 7, 9, 11,12, 14, 16, 18, 19, 21 and 23 of 2021. The indicated weeks are an estimate based on the current deployment plan and can be changed following the relevant deployment changes. The foregoing allocation shall include 137 reefer plugs. Maersk shall provide and guarantee to MSC the availability of the aforementioned slots and reefer plugs. The Parties are authorized to discuss and agree on the terms and conditions applicable to the sale and purchase of space, including the amount of slot charter hire. Additional slots may be chartered to MSC on an ad hoc basis, subject to space availability. (b) If MSC fails to use its slot allocation in full, Maersk shall be entitled to use such slots and/or reefer plugs free of charge (and without prejudice to MSC’s payment obligations in respect of the allocation of such slots and/or reefer plugs), provided always that such slots and/or reefer plugs are available for use by MSC at each subsequent port of call. Slots and/or reefer plugs shall be deemed to be unused by MSC if MSC has not tendered cargo for such slots and/or reefer plugs to Maersk’s agent before the deadline agreed by the Parties or, where no deadline is agreed, the relevant agent’s general practice and operational procedures. Cargo may be accepted for shipment after this deadline at the sole discretion of Maersk or its agent.
Sample 1

Related to Space Charter

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