ASSURED REVENUE /BUSINESS Sample Clauses

ASSURED REVENUE /BUSINESS. In terms of the “Financial Bid” Submitted vide tender No ……………………..dated ,2019, M/s ‐‐‐‐‐‐‐‐‐
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ASSURED REVENUE /BUSINESS. In terms of the “Financial Bid” Submitted vide tender No TLV/CARGO-GSA/2019 dated 0xx Xxxxx,0000 M/s(GSA name& Address) agreed to remit to Air India sum of ILS (ILS ……………….. Million)Per Year & ILS ……………….. per month as Assured Revenue/Business on appointment as Cargo GSA for Air India at Israel with effect from ,2019. The Minimum Assured Revenue is based on the current schedule of operation from Tel Aviv to Delhi and the Aircraft Capacity/Cargo tonnage Operating of MGR The MGR (Minimum Guaranteed Revenue) assured by M/s(GSA ) needs to be calculated on monthly basis. In case the actual monthly remittances is less than the monthly MGR Commitment, a debit note for the shortfall /deficit amount would be issued by Air India. However, the total shortfall/deficit amount will be calculated on yearly basis. Shortfall /deficit amount can be made up in the following months and in case the MGR shortfall/deficit amount reaches the level of Bank Guarantee submitted for this purpose, the same can be invoked by AI in case the deficit amount is not settled by the GSA. The actual remittances & MGR would be reconciled on monthly basis and settled on yearly basis between actual remittances & MGR amount. Rate will have no bearing on the MGR quoted above and the MGR amount need to be paid by the GSA irrespective of the rate (Plus/Minus).
Sample 1
ASSURED REVENUE /BUSINESS. In terms of the “Financial Bid” Submitted vide tender No FRA/CARGO-GSA/II/2019 dated 6th March,2019 , M/s ----------------------(name of GSA along with address) agreed to remit to Air India sum of EURO-------Per Year as Assured Revenue/Business on appointment as Cargo GSA for Air India at Germany with effect from --. Further M/s ---------------------- also agree to remit to Air India EURO per month as the Minimum Assured Revenue with effect from (Date). The Minimum Assured Revenue is based on the current schedule of operation from Frankfurt ,Germany to Delhi and the Cargo tonnage and rate as per the RFP/Tonnage as given below: (Estimated Annual Available Cargo Capacity and current rate per Kg. in EURO) Sector Volume/Flight (Kgs.) Current Rate in EURO/Kg FRA-DEL 10000(Gross) Euro 0.80 FRA-BOM 10000(Gross) Euro 0.80 *Rate above is is all in rate for +1000 . All other charges including AWB fee, statistical charge and/or any other charges would be retained by AI: It may be noted that AI will only be able to offer space/load from point to point i.e FRA to India only on the sector AI operates directly. For the sector within India/beyond India/gateway point, it is subject to availability of space on prevailing rates from time to time . Further M/s also agree to remit to Air India EURO per month as the Minimum Assured Revenue with effect from ,2019.
Sample 1
ASSURED REVENUE /BUSINESS. In terms of the “Financial Bid” Submitted vide tender No HKG /CARGO-GSA/2018 dated 7th September,2018, M/s ----------------------(name of GSA along with address) agreed to remit to Air India sum of HKD-------Per Year as Assured Revenue/Business on appointment as Cargo GSA for Air India at Hong Kong with effect from ---------------. Further M/s ---------------------- also agree to remit to Air India HKD------------------ per month as the Minimum Assured Revenue with effect from ---------------(Date). The Minimum Assured Revenue is based on the current schedule of operation from Hong Kong, Hong Kong to Delhi/Mumbai & HKG to ICN/KIX and the Cargo tonnage and rate as per the RFP/Tonnage as given below: (Estimated Annual Available Cargo Capacity and current rate per Kg. in HKD) Sector Volume/Flight (Kgs.) Current Rate in HKD/Kg HKG-DEL/BOM 7500(Gross) 8 HKD/Kg HKG-ICN/KIX 7500(Gross) 3.50 HKD/Kg *Rate above is basic freight rate for + 1000 for HKG to India and +100 for ICN/KIX. All the surcharge & other charges including FSC, Security Surcharge, Terminal Charges and/or any other charges would be retained by AI Further M/s also agree to remit to Air India HKD per month as the Minimum Assured Revenue with effect from ,2018. The Minimum Assured Revenue is based on the current schedule of operations and the current Agreed Rate(Rate given by Air India to GSA) and Cargo Payload being offered by Air India from the territory of Hong Kong. Any variance/Change in the Cargo Payload or Schedule or in the rate would be calculated & corrected accordingly and the same would be advised by Air India in writing to M/.In case of capacity reduction or induction from the territory of appointment, the above amount would be proportionately calculated & Corrected. In case of new sector 3(three)months would be given for promotion and no penalty impose, however the assured business would be 60% of capacity as benchmark.
Sample 1
ASSURED REVENUE /BUSINESS. In terms of the “Financial Bid” Submitted vide tender No HKG /CARGO-GSA/II/2019 dated 5th March,2019 , M/s ----------------------(name of GSA along with address) agreed to remit to Air India sum of HKD-------Per Year as Assured Revenue/Business on appointment as Cargo GSA for Air India at Hong Kong with effect from -------------- -. Further M/s ---------------------- also agree to remit to Air India HKD per month as the Minimum Assured Revenue with effect from (Date). The Minimum Assured Revenue is based on the current schedule of operation from Hong Kong, Hong Kong to Delhi/Mumbai & HKG to ICN/KIX and the Cargo tonnage and rate as per the RFP/Tonnage as given below: (Estimated Annual Available Cargo Capacity and current rate per Kg. in HKD) Sector Volume/Flight (Kgs.) Current Rate in HKD/Kg HKG-DEL/BOM 7500(Gross) 8 HKD/Kg HKG-ICN/KIX 7500(Gross) 3.50 HKD/Kg *Rate above is basic freight rate for + 1000 for HKG to India and +100 for ICN/KIX. All the surcharge & other charges including FSC, Security Surcharge, Terminal Charges and/or any other charges would be retained by AI Further M/s also agree to remit to Air India HKD per month as the Minimum Assured Revenue with effect from ,2019.
Sample 1

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