Cargo throughput definition
Examples of Cargo throughput in a sentence
However, if during the 2nd year of the O&M contract, actual Riverine Cargo throughput handled at the Terminal was less than the corresponding Minimum Guaranteed Cargo (MGC) slab as specified in Article 8.6.6., Operator shall pay the Authority a Royalty commensurate to the difference between Minimum Guaranteed Cargo and actual Riverine Cargo throughput handled at the Terminal during the 2nd year of the O&M contract.
Source: Journal of Commerce I N IN TERNATIONA L S H IPPIN G P A G E 5 Cargo throughput at the country’s twin-seaports witnessed a seven per cent decline in the first quarter of this year as compared to the same period last year.
For instance, the MGC slab for the 2nd year of the O&M contract is 0.09 MMTPA and if actual Riverine Cargo throughput handled during the 2nd year was 0.12 MMTPA, then Operator would not be liable to pay any royalty on Riverine Cargo handled at the Terminal to the Authority during the 2nd year of the operating period.
The COMPANY undertakes to provide the CLIENT with: Cargo throughput and forwarding at the Terminal , rail tank cars forwarding services on the territory of Latvia, in accordance with the Agreement and Addendums to it in relation to the whole range of oil Cargoes (as this term is defined in the APPENDIX № 1 «General Conditions» to the AGREEMENT) agreed by the PARTIES.
The COMPANY undertakes to provide the CLIENT with: Cargo throughput and forwarding at the Terminal including rail tank cars forwarding services and transportation on the territory of Latvia, in accordance with the Agreement and Addendums to it in relation to the whole range of oil Cargoes (as this term is defined in Cargo’s Nomenclature.) agreed by the PARTIES.
For instance, the MGC slab for the 2nd year of the O&M contract is 0.21 MMTPA and if actual Riverine Cargo throughput handled during the 2nd year was 0.25 MMTPA, then Operator would not be liable to pay any royalty on Riverine Cargo handled at the Terminal to the Authority during the 2nd year of the operating period.