Common use of Terminals Clause in Contracts

Terminals. Gateway terminals are those terminals in ports that generally serve local and hinterland traffic. Hub terminals are those terminals that generally serve transshipment traffic. (a) The Parties are authorized to discuss and agree upon the gateway and hub terminals to be called by the Mainline Network and Shuttle Network vessels operated hereunder and to agree on the volume of cargo to be transhipped by each of them at non-U.S. hub terminals. Gateway and hub terminals shall be selected on the basis of such objective operational capabilities and performance criteria as the Parties may agree from time to time, and such selection will also take into account any financial interest of a Party in a terminal. (b) Gateway and hub terminals shall be reviewed no less frequently than once per year or with such other frequency as the Parties may agree in writing, using the same criteria used for selection of the terminal. Gateway and hub terminals may be added and/or replaced upon agreement of the Parties. (c) The Parties are authorized to discuss and agree on the criteria under which a terminal in a gateway port acquired by a Party after the effective date of this Agreement may be designated as a gateway terminal, and the division of cargo volume between such newly acquired terminal and any existing gateway terminals at that port. The Parties are authorized to agree that after the effective date of this Agreement, terminals at certain ports shall not become or be added as a gateway terminal.

Appears in 3 contracts

Sources: Cooperative Working Agreement, Cooperative Working Agreement, Cooperative Working Agreement