Common use of Vessel Schedules Clause in Contracts

Vessel Schedules. Each Party providing space hereunder shall keep the other Party advised of its vessel scheduling, and shall provide not less than thirty (30) days advance written notice of any permanent change in port calls, port rotation, or other changes in its service(s). If a Party structurally modifies its service and the other Party is of the opinion that such modification is or may be detrimental to its use of the space chartered, the Parties shall discuss the modification and changes (if any) to this Agreement. If the Parties do not reach an agreement, then the Slot receiving Party may terminate the Agreement upon 30 days written notice. For purposes of this subsection "detrimental" shall mean loss of port call that is significant to the Slot receiving Party, or a material impact to the service quality caused by the structural change in the rotation including change in transit time. Both Parties may without amendment to this Agreement by mutual agreement make changes due to the modification of the services.

Appears in 5 contracts

Samples: Exchange Agreement, Exchange Agreement, Exchange Agreement

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