Common Contracts
1 similar Letter of Agreement contracts
Letter of AgreementLetter of Agreement • December 3rd, 2021
This Letter of Agreement is by and between Kitsap Transit, a Public Transportation Benefit Area providing a variety of public transportation services, the Port of Anacortes, the Port of Bellingham, the Port of Skagit, Foil Ferry, LLC, Washington Maritime Blue, DNV Energy Insights USA, Inc. (“DNV”), and Tacoma Power (collectively, the “Joint Innovation Project Team”, “JIP” or “Parties”). The JIP Team members have been cooperatively pursuing the development and, ultimately, the demonstration and deployment of a high-speed, high-efficiency hydrofoil passenger ferry that uses advanced, lightweight construction and foil technology. Ultimately, the collective efforts of the JIP Team will advance the fast foil ferry concept through the design process, followed by subsequent build and deployment, to achieve several key benefits including: 1) development of a nationally significant, replicable business model for the safe, cost-effective, and reliable deployment of fast ferry passenger services;
