Dockage Fee definition
Examples of Dockage Fee in a sentence
In the event that the Port substantially revises the way that it charges passenger vessels and cruise ships under its terminal tariffs, “Port Directed Cruise Fee Revenue” shall then mean that portion of Tenant’s Gross Revenues attributable to such other items that are substantially intended to replace the Dockage Fee and/or Passenger Fee.
For purposes of Tenant’s Gross Revenues from the Bundled Port Fees set forth in Item 4005 (or any amendment or replacement thereof), the Dockage Fee and Passenger Fee component shall be as itemized and set forth in the final calculation of the Bundled Port Fee prepared for, and documenting the composition of, the most recent update of the Bundled Port Fee in the terminal tariff.
Owner shall also pay to the Marina a security deposit in the amount of one month’s Dockage Fee to be held by the Marina as security for the performance by Owner of the terms hereof (the “Security Deposit”).
The Marina will not prorate the last month’s Dockage Fee upon departure.
If no Dockage Fee is listed, the Dockage Fee shall be set by the Marina, using the Marina’s prevailing fee structure on the date of execution.
The Marina shall prorate the first month’s Dockage Fee upon execution of this agreement.
The Dockage Fee shall be delinquent if not paid by the 20th day of each month.
The Marina reserves the right to adjust the Dockage Fee each year, effective January 1, without notice.
In addition to the Dockage Fee, Owner will pay a monthly charge for the Vessel’s electric power consumption, if any (the “Electrical Fee”), as invoiced by the Marina.
Further, by executing this Agreement, Owner hereby authorizes the Marina to charge the Dockage Fee, the Electrical Fee, a 4% credit-card convenience fee, and any applicable late fees to the credit card listed in this Agreement if payment is not otherwise made to the Marina by the 20th day of each month.