Undertaking and Purpose. Subject to the terms and conditions hereinafter set forth, PIL, WHL, COSCO SHIPPING and CMA CGM undertake to operate shared service and to allow each other to charter Slots on their Vessels for the carriage of Containers of the volume and on the terms hereinafter described. Each Party undertakes to meet its commitment and pay any excess slot capacity to be chartered by it as hereunder described. VESSEL SHARING COOPERATION Initially, the Parties will operate a single shared service as follows:
Appears in 5 contracts
Samples: Slot Exchange Agreement, Slot Exchange Agreement, Slot Exchange Agreement
