FML Vehicle definition

FML Vehicle means a vehicle or plant, which is leased from the Contractor by the User Entities in terms of Full Maintenance Lease;
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Examples of FML Vehicle in a sentence

  • Transnet shall make payment of such Excess CPK as part of the payment of the Tax Invoice raised by the Service Provider for that FML Vehicle.

  • If Transnet requires a Vehicle for longer than 12 (twelve) consecutive months, Transnet shall conclude an Individual Contract with the Service Provider for the provision of a FML Vehicle, subject to the approval of the relevant Transnet Contract Manager.

  • Pending receipt of an e-Tag for a particular FML Vehicle, the Service Provider shall make payment of all e- tolls billed to it and shall invoice Transnet for such e-toll costs at cost without levying any margin thereon incurred in respect of that FML Vehicle from the time of delivery of the FML Vehicle on the Delivery Date until the date that Transnet notifies the Service Provider in writing that it has fitted an e-Tag to the FML Vehicle.