Vessels Provision Sample Clauses

Vessels Provision. The Service shall initially deploy eight (8) vessels, of which CMA CGM will provide seven (7) vessels and MARFRET will provide one (1) vessel. At the start of the agreement all vessels shall have a declared capacity of 5,363 TEU at 11t gwt in Soutbound and 5,384 TEU 13t gwt in Northbound, and with minimum effective capacity of 1300 reefer plugs. The Parties are authorized to discuss and agree on financial and operational responsibility for the omission of ports and other measures taken to correct scheduling problems, as well as cancelled voyages, shut- out containers, and vessel dry-docking and repairs. Each Party shall operate its own vessels deployed in the Service, and shall pay for the fixed and variable costs associated therewith, including, but not limited to, daily running costs, charter hire, bunkers, port charges, dry docking, repairs and insurance. Each Party shall pay the handling costs related to its own cargo and containers carried on the Service in accordance with the terms that the Parties may discuss and agree from time to time in the vessel sharing agreement.
Sample 1Sample 2Sample 3
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Vessels Provision. The Service shall initially deploy three (3) vessels, of which CMA CGM will provide two (2) vessels and Maersk A/S will provide one (1) vessel. At the start of the agreement all vessels shall have a declared capacity of 1,200 TEU at 14t gwt, and with minimum effective capacity of 300 reefer plugs. The Parties are authorized to discuss and agree on financial and operational responsibility for the omission of ports and other measures taken to correct scheduling problems, as well as cancelled voyages, shut- out containers, and vessel dry-docking and repairs. Each Party shall operate its own vessels deployed in the Service, and shall pay for the fixed and variable costs associated therewith, including, but not limited to, daily running costs, charter hire, bunkers, port charges, dry docking, repairs and insurance. Each Party shall pay the handling costs related to its own cargo and containers carried on the Service in accordance with the terms that the Parties may discuss and agree from time to time in the vessel sharing agreement.
Sample 1
Vessels Provision. The Parties shall deploy six (6) Vessels, as more fully detailed in Schedule 3.
Sample 1

Related to Vessels Provision

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  • Governing Provisions This Agreement is made under and subject to the provisions of the Plan, and all of the provisions of the Plan are also provisions of this Agreement. If there is a difference or conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan will govern. By signing this Agreement, the Grantee confirms that he or she has received a copy of the Plan.

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