Minimum Guaranteed Throughput (MGT) definition
Minimum Guaranteed Throughput (MGT) means minimum number or Loaded TEUs for which the Operator is supposed to pay the Annual Variable Revenue at the quoted rate per TEU in accordance with Article 16; Deleted;
Minimum Guaranteed Throughput (MGT) shall have the meaning ascribed to it in Article 8.16
Examples of Minimum Guaranteed Throughput (MGT) in a sentence
Any decrease / increase in the actual volume of business (measured in terms of TEU) as compared to the Minimum Guaranteed Throughput (MGT) for a quarter shall be adjusted in the subsequent quarter of that respective financial year.