Port Concession definition

Port Concession means the authorization granted in favor of VAM, by the Tax Administration Service (Servicio de Administración Tributaria) of Mexico, on September 27, 2007, for VAM to provide handling, storage and custody services of foreign trade goods, for a 20-year period renewable for an additional 20-year period as set forth in the Port Concession.
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Port Concession has the meaning given to it in clause 18.4.2 of Schedule 7;
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Port Concession means the governmental concession granted to us to build and operate a terminal facility in Coveñas to load crude oil for exportation and which expires in 2036.
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Examples of Port Concession in a sentence

  • Investor for breach by Government under Section 26.1(c), Government shall compensate the Investor for the Fair Market Value of the loss of benefit of the Concession Agreement and any Port Concession Agreements and the use of the Concession Area and the concession area under any Port Concession Agreements, including the non-moveable assets therein, as part of any award of damages pursuant to Sections 28 and 29.

  • The Port Concession transfers most of this cargo to the concessionaire, but the granting Authority will receive a fee of approximately twenty million dollars per year, for a little more than thirty years.

  • The obligations of Investor under this Agreement are subject to the Parties entering into a Port Concession Agreement.


More Definitions of Port Concession

Port Concession means the port concession agreement relating to the Project to be entered into between Lessee and Agencia Nacional de Infraestructura of Colombia; SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH FIVE ASTERISKS (*****).
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Related to Port Concession

  • Concession means the granting of a license or right to act for or on behalf of the Board, or to provide a service requiring the approval or endorsement of the Board, and which may or may not involve a payment or exchange, or provision of services by or to the Board, provided that the term concession shall not include vending machines.

  • transport contract means a contract of carriage for reward or free of charge between a railway undertaking or a ticket vendor and the passenger for the provision of one or more transport services;

  • Concession Fee for a particular month shall mean the higher of the following:

  • Petroleum Industry Standards means the Definitions for Oil and Gas Reserves promulgated by the Society of Petroleum Engineers (or any generally recognized successor) as in effect at the time in question.

  • Electricity Supply Code means the Electricity Supply Code specified under section 50;