Slot Cost definition

Slot Cost means the amount calculated in accordance with Schedule 3; TEU means twenty-foot equivalent unit; Vessel means a vessel operated in the Service in accordance with the terms of this Agreement; and
View Source

Examples of Slot Cost in a sentence

  • The price of bunkers used for the Slot Cost calculation per cycle shall be the average of all the published ▇▇▇▇▇’▇ Bunkerwire marine fuel 0.5% (index MFHKD00) which will be monitored every Tuesday in this port for the preceding cycle.

  • A detailed Slot Cost calculation is attached in Schedule 6 of the VSA.

  • The Parties agree on a Slot Cost in accordance with this paragraph 9 to be used for the settlement of the unanimously agreed slot contribution imbalance (Structural Settlement) and for the settlement of space or weight in excess of a Slot User’s Slot Allocation (Excess Settlement), as well as for compensation for port omissions and phasing-in delays.

  • Slot Cost Parameters include the Daily Vessel Time Charter Hire (T/C), the Port Cost, the Fuel Consumption and the Fuel Price, subject to adjustment as per this paragraph.

  • The price payable by MSK in consideration of such structural slot purchase shall be applied to Slot Cost described in paragraph 9 under Schedule 3.

  • The Parties agree on a Slot Cost in accordance with this paragraph to be used for the settlement of the unanimously agreed slot contribution imbalance (Structural Settlement) and for the settlement of space or weight in excess of a Slot User’s Slot Allocation (Excess Settlement), as well as for compensation for port omissions and phasing-in delays.

  • Slot Cost Parameters include the Daily Vessel Time Charter Hire (T/C), the Port Cost, the Fuel Consumption and the Fuel Price, subject to adjustment as per this paragraph 9.