TEU Rate definition

TEU Rate means the rate that the terminal operator shall charge the carrier for each TEU (loaded or unloaded) transferred either to or from vessels calling the Port, in lieu of the Dockage and Wharfage rates otherwise applicable in the tariff (Port of Miami-Dade Tariff. TEU rate expressly does not apply to shifted or re-stowed containers (meaning containers temporarily removed from vessel solely to access
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TEU Rate means the rate that the terminal operator shall charge the carrier for each TEU (loaded or unloaded) transferred either to or from vessels calling the Port, in lieu of the Dockage and Wharfage rates otherwise applicable in the tariff (Port of Miami-Dade Tariff. TEU rate expressly does not apply to shifted or re-stowed containers (meaning containers temporarily removed from vessel solely to access other containers and then stowed back on the vessel). For clarification purposes, a forty (40) foot container discharged from a vessel to the terminal area and then discharged off the Port via truck,
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Examples of TEU Rate in a sentence

  • Trans-shipped TEUs will count towards TEU throughput calculations, but only if future rates for Trans-shipped TEUs are equal to or greater than the then-applicable Tier I TEU Rate.

  • Seaboard cargo on a non-Seaboard vessel as part of a VSA shall count towards Actual TEU Throughput totals, but any non-Seaboard cargoes on a non-Seaboard vessel, which is part of a Seaboard VSA, although counting towards the Actual TEU Throughput, shall be assessed at the higher of the then-applicable Seaboard Tier I TEU Rate or the average of the highest Base or Tier I TEU Rates of the other cargo terminal operators at the Port.

  • First Incremental Premises TEU Charges” shall mean those amounts of monetary compensation, in addition to and not as a substitute for the Fourth Amendment MAG, which Tenant shall pay to City on each and every Premises TEU in the applicable First Incremental Premises TEU Rate Range which exceed the Fourth Amendment MAG Premises TEU Thresholds, as set forth on the Fourth Amendment Compensation Schedule attached hereto as Exhibit "P”.

  • However, notwithstanding the manner of calculation of TEU throughput, Seaboard will be responsible for paying to the Port the equivalent full TEU Rate for all TEUs falling under Tier I in Exhibit “A”.