Minimum Quantity Commitment definition
Minimum Quantity Commitment means an annual quantity of containers Customer has agreed to be billed for during the Term.
Minimum Quantity Commitment has the meaning set forth in Section 6.3.
Examples of Minimum Quantity Commitment in a sentence
Term 7 of the NSA provides for liquidated damages (also called short-shipment penalties) that will apply if the Shipper fails to tender the Minimum Quantity Commitment specified in the NSA prior to its expiration.
Services are subject to a Minimum Quantity Commitment (hereinafter, “MQC”) specified in the applicable Order Form(s).
Services are subject to a Minimum Quantity Commitment (“MQC”) specified in the applicable Order Form(s).
Expiration Date: Customer (Shipper) : (name and full style address) Liquidated Damages(Shipper →Carrier) Minimum Quantity Commitment (MQC) PartⅠ Rates and Charges : As specified in the Tariff (Annex ) Cargo: (Annex ) Part Π as amended and attached form an integral part of this Agreement.