MCP Agreement definition
Examples of MCP Agreement in a sentence
An MCP Agreement (“Agreement”) will be established between UP and the Customer (bi-party agreement), or between UP, the Shipper, and one or more Intermediary Customers (tri-party or multi-party agreement).
The MCP Agreement does not guarantee Customer or any Shipper the availability of track capacity, terminal capacity, locomotives, train crews or railroad equipment, including rail cars, chassis or containers.
Neither Customer nor Shipper shall be entitled to specific performance by UP or injunctive relief against UP for failure to perform the terms of the MCP Agreement.
The choice of methods will be determined for each separate MCP Agreement and will be documented in the Term Sheet.
Commitment Term: The term of an MCP Agreement, generally one year.
The MCP Agreement is documented by this MCP Master Agreement and an MCP Agreement Term Sheet.
In the event of a cargo loss, damage or shortage claim, ▇▇▇▇▇▇▇ agrees to notify Broker immediately by phone and to subsequently submit to Broker a written claim, fully supported by all relevant documentation, including but not limited to the signed delivery receipt, listing the nature and cause of the claim for cargo damage within twenty (20) days following the date of delivery.
For new deals, four weeks after publication, Base Load Volume will be recalculated in accordance with terms of the MCP Agreement Term Sheet.
As actual volumes vary throughout the year, Base Load Volume will be recalculated in accordance with terms of the MCP Agreement Term Sheet.
Each MCP Agreement is defined and documented by this MCP Master Agreement (“Master Agreement”), a Shipper MCP Agreement Term Sheet (“Term Sheet”), and an MCP Price Document which may also serve as the term sheet for bi-party agreements.