Port Concession definition

Port Concession means the authorization granted in favor of VAM, by the Tax Administration Service (Servicio de Administración Tributaria) of Mexico, on September 27, 2007, for VAM to provide handling, storage and custody services of foreign trade goods, for a 20-year period renewable for an additional 20-year period as set forth in the Port Concession.
Sample 1Sample 2Sample 3
Port Concession means the governmental concession granted to us to build and operate a terminal facility in Coveñas to load crude oil for exportation and which expires in 2036.
Sample 1
Port Concession has the meaning given to it in clause 18.4.2 of Schedule 7;
Sample 1

Examples of Port Concession in a sentence

  • SIGNIFICANT ACCOUNTING POLICIES (continued) 3.6 Intangibles (continued) a) Port Concession Rights (continued) The Group recognises an intangible asset arising from a service concession arrangement when it has a right to charge for use of the concession infrastructure.

  • However, the Port concession period can be extended automatically for three years provided that (i) Creuers has complied with all the obligations set forth in the Port Concession; and (ii) Creuers remains rendering port services on tourist cruises until the expiry of the extended term.

  • Port Concession entails the retention of the ownership of infrastructure and contracting out the management and operations of the terminals /facilities to private operators for a specified period of time ranging between 25 and 30 years.

  • These items are required by, and are calculated in accordance with, the relevant components of the PMA59 and the Port Concession Deed (PCD),60 respectively, and are deemed to be prudent and efficient under clause 4.5 of the Pricing Order.

  • In the works of Bousquet & Fayard (2015), Port Concession is when government grants private operator the right to fund, build, operate, own, upgrade, improve and maintain public infrastructure for a specified period of time while charging users for services rendered.

  • Handling of the vessels, cargo, passenger and other related work within Port Concession area and provisions of all port services shall be subject to the provisions of the Rules and Regulations referred above.

  • Consequently, the belief that such reform(s) will also have positive impacts on the overall competitiveness of the economies of the countries has equally encouraged countries to be involved in the Port Concession initiative (Estache, Gonzalex, & Trujillo, 2016).

  • Contribution by the Port Manager under the Port Concession Deed and Port Operations Service Deed.

  • Effects of Port Concession on Labour Force of Nigerian Ports Authority.

  • First, CALICA agreed to pay the allegedly outstanding concession fees that had triggered the SCT’s 2013 proceeding to revoke the CALICA Port Concession, and the SCT agreed to discontinue that proceeding.193 CALICA also undertook to continue paying concession fees in accordance with INDAABIN’s calculations and agreed not to challenge fees based on these calculations.194 92.


More Definitions of Port Concession

Port Concession means the port concession agreement relating to the Project to be entered into between Lessee and Agencia Nacional de Infraestructura of Colombia; SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****).
Sample 1

Related to Port Concession

  • Concession means the granting of a license or right to act for or on behalf of the Board, or to provide a service requiring the approval or endorsement of the Board, and which may or may not involve a payment or exchange, or provision of services by or to the Board, provided that the term concession shall not include vending machines.

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • Concession Fee for a particular month shall mean the higher of the following:

  • Petroleum Industry Standards means the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question.

  • Electricity Supply Code means the Electricity Supply Code specified under section 50;

  • Concessions means assent to repayment of a debt on terms more favorable to an individual than the terms of the contract between the individual and a creditor.

  • Economy Transportation means the lowest published available transportation rate for a ticket on a Common Carrier matching the original class of transportation that You purchased for Your Trip.

  • Goods and Services or "goods or services" means any work, labor, commodities, equipment, materials, or supplies of any tangible or intangible nature, except real property or any interest therein, provided or performed through a contract awarded by a purchasing agent, including goods and property subject to N.J.S.A. 12A:2-101 et seq.

  • Agricultural producer means a person that engages or wishes to engage or intends to engage in the business of producing and marketing agricultural produce in this state.

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Goods and Services Tax (GST) shall mean any tax payable on the supply of goods, services or other things in accordance with the provisions of GST Law.

  • agricultural produce means any produce, whether of the soil or otherwise of stock-farming or of fisheries;

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Agricultural production means the commercial production of food or fiber.

  • Mining Act means the Mining Xxx 0000;

  • Electricity Laws means the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued there under and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electric generating companies and Utilities in India, the rules, regulations and amendments issued by CERC/ MERC from time to time.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Petroleum product means crude oil, petroleum, refined petroleum products, byproducts and intermediate feed stocks, and other energy-related commodities, including, without limitation, blend components commonly used in the petroleum industry to improve characteristics of, or meet governmental or customer specifications for, petroleum or refined petroleum products.

  • agricultural products means an animal or plant or a product, including any food or drink that is wholly or partly derived from an animal or plant, and includes all after acquired Agricultural Products of the Producer, or any proceeds therefore.

  • Agricultural lands means land currently used for the purpose of producing an agricultural commodity for commercial purposes, land left fallow under a crop rotational program, or land enrolled in an agricultural subsidy or set-aside program.

  • Petroleum and Natural Gas Rights means the Vendor’s entire interest in those Petroleum Substances underlying the Lands in the respective formations to the extent that the same are described in Schedule “A” and are granted by the Leases, subject to the Permitted Encumbrances, and includes the interest and right of the Vendor in any lands or leases with which those Petroleum Substances have been pooled or unitized;

  • Agricultural product means the products listed in Annex I to the Treaty, except fishery and aquaculture products listed in Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013;

  • Licensing means any grant of rights to distribute the qualified motion picture, in whole or in part.

  • Transport Gas means the gas purchased by a Customer from a supplier other than KUB that Customer has arranged to have Delivered to KUB for delivery to the Customer by KUB.

  • mineral lease means the mineral lease referred to in clause 8(1)(a) hereof and includes any renewal thereof;

  • Agricultural burning means open outdoor fires used in agricultural operations in the growing of crops or raising of fowl or animals, or open outdoor fires used in forest management, range improvement, or the improvement of land for wildlife and game habitat, or disease or pest prevention.