Cargo Fee definition
Examples of Cargo Fee in a sentence
The Bulk Oil Cargo Fee Rate and Capital Asset/Loan Fee Rate and the calculation of volumes set forth in Section 3.2 of this Agreement, shall be determined, and from time to time amended, in accordance with the provisions of the Act.
For purposes of Section 3.1, the chargeable quantity of Bulk Oil Cargo in respect of which the Bulk Oil Cargo Fee is payable shall include both free water and water and sediment in suspension (S&W or BS&W).
The Bulk Oil Cargo Fee Rate and the calculation of volumes as set forth in Section 3.2 of this Agreement, shall be determined, and from time to time amended, in accordance with the provisions of the Act.
Oil Cargo Fee - Except as otherwise provided in Article V of this Agreement, Bulk Oil Cargo Fees shall be payable by Operator within ten (10) days following the end of the month in which such volumes are unloaded or (in the case of Bulk Oil Cargo intended for international destinations and destinations north of the 600N latitude) loaded at Operator's Member Oil Handling Facility.
The Bulk Oil Cargo Fee shall be calculated by obtaining the product of the number of Tonnes of Bulk Oil Cargo either unloaded or (in the case of Bulk Oil Cargo intended for international destinations and destinations north of the 600N latitude) loaded at Operator's Member Oil Handling Facilities and the Bulk Oil Cargo Fee Rate, plus all applicable Taxes payable in connection with the Bulk Oil Cargo Fee.
If FEC has not satisfied its obligation to pay an installment of the Domestic Cargo Fee when due to the County at the end of such eighteen (18) month deferral period, then FEC shall be in Default hereunder.
Operator and Alert acknowledge that where an oil handling facility has been designated for purposes of the Act, the Bulk Oil Cargo Fee shall be calculated in the manner set out in section 4.2 and shall be collected and remitted to Alert by the oil handling facility operator.
Within fourteen (14) Days of its receipt of such reports, the Port will produce an invoice for the amount of the Domestic Cargo Fee due for the movements covered by such report.
Commencing on January 1, 2020, and on each January 1 thereafter (each such date being referred to as an “Adjustment Date”), the Domestic Cargo Fee shall be adjusted yearly, and such adjusted Domestic Cargo Fee shall be the new Domestic Cargo Fee payable to the County for that year, and shall be payable monthly.
The Domestic Cargo Fee will increase to Four and 50/100 ($4.50) Dollars on January 1, 2015, which rate shall remain in effect through December 31, 2019.