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.
Sample 1Sample 2Sample 3
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 (*****).
Sample 1
Port Concession has the meaning given to it in clause 18.4.2 of Schedule 7;
Sample 1

Examples of Port Concession in a sentence

  • SIGNIFICANT ACCOUNTING POLICIES (continued) 3.6 Intangibles (continued) a) Port Concession Rights (continued) The Group recognises an intangible asset arising from a service concession arrangement when it has a right to charge for use of the concession infrastructure.

  • However, the Port concession period can be extended automatically for three years provided that (i) Creuers has complied with all the obligations set forth in the Port Concession; and (ii) Creuers remains rendering port services on tourist cruises until the expiry of the extended term.

  • The BOT Agreement is attached to the Bodrum Port Concession Agreement and Bodrum Liman is entitled to use the Bodrum Cruise Port under these agreements for an extended period of 49 years starting from 31 December 2019.

  • This agreement was executed on July 17, 2015, through Port Concession Agreement No. 001 of 2015, between the National Infrastructure Agency and Sociedad Portuaria El Cayao S.A. E.S.P. This agreement will not be automatically extended.

  • Bodrum Liman also executed an extension on prior Concession Agreement with the General Directorate of National Property on 15 November 2018 ("Bodrum Port Concession Agreement").

  • For this purpose, a Port Concession agreement was entered into with the National Infrastructure Agency (ANI, for its Spanish abbreviation), which grants the entity the right to build, operate and maintain a port terminal.

  • Handling of the vessels, cargo, passenger and other related work within Port Concession area and provisions of all port services shall be subject to the provisions of the Rules and Regulations referred above.

  • First, CALICA agreed to pay the allegedly outstanding concession fees that had triggered the SCT’s 2013 proceeding to revoke the CALICA Port Concession, and the SCT agreed to discontinue that proceeding.193 CALICA also undertook to continue paying concession fees in accordance with INDAABIN’s calculations and agreed not to challenge fees based on these calculations.194 92.

  • Port Concession entails the retention of the ownership of infrastructure and contracting out the management and operations of the terminals /facilities to private operators for a specified period of time ranging between 25 and 30 years.

  • Instead, Mexico alleges that the CALICA Port Concession does not entitle CALICA to charge port fees (tarifas de puerto), that there is no evidence that CALICA paid those fees, and that “no national court has [.


More Definitions of Port Concession

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.
Sample 1

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 will not include vending machines.

  • 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;

  • licence area means the area constituted by the blocks that are the subject of a licence;

  • Concessions means assent to repayment of a debt on terms more favorable to an individual than the terms of the contract between the individual and a creditor.

  • Economy Transportation means the lowest published available transportation rate for a ticket on a Common Carrier matching the original class of transportation that You purchased for Your Trip.

  • Goods and Services or "goods or services" means any work, labor, commodities, equipment, materials, or supplies of any tangible or intangible nature, except real property or any interest therein, provided or performed through a contract awarded by a purchasing agent, including goods and property subject to N.J.S.A. 12A:2-101 et seq.

  • Agricultural producer means a person that engages or wishes to engage or intends to engage in the business of producing and marketing agricultural produce in this state.

  • Concession Area means particulars of the area as more particularly described in Form A of West Bengal Minor Minerals (Auction) Rules, 2016.

  • Goods and Services Tax or “GST” means the goods and services tax chargeable under the Goods and Services Tax Act (Cap. 117A);

  • Commercial area means an area in which at least 75% of the property is devoted

  • agricultural produce means any produce of the soil, of stock farming or of fisheries;

  • Petroleum Products means gasolines and petroleum oil distillates or blend stocks as further described in Item 10.

  • Agricultural production means the commercial production of food or fiber.

  • Mining Act means the Mining Xxx 0000;

  • Electricity Laws means the Electricity Act, 2003 and the relevant rules, notifications, and amendments issued there under and all other Laws in effect from time to time and applicable to the development, financing, construction, ownership, operation or maintenance or regulation of electric generating companies and Utilities in India, the rules, regulations and amendments issued by CERC/ MERC from time to time.

  • Petroleum Operations means, as the context may require, Exploration Operations, Development Operations or Production Operations or any combination of two or more of such operations, including construction, operation and maintenance of all necessary facilities, plugging and abandonment of Xxxxx, safety, environmental protection, transportation, storage, sale or disposition of Petroleum to the Delivery Point, Site Restoration and any or all other incidental operations or activities as may be necessary.

  • Petroleum product means gasoline, gasoline−alcohol fuel blends, kerosene, fuel oil, burner oil, diesel fuel oil or used motor oil.

  • agricultural products means the products listed in Annex I to the Treaty, with the exception of fishery products, as well as cotton;

  • Mining Xxx 0000 means (unless the context otherwise requires) the Mining Xxx 0000 and the amendments thereto and the regulations made thereunder as in force on 31st December, 1981;

  • Traffic lane or "lane" means that portion of a roadway designed or designated to accommodate the

  • Agricultural lands means land currently used for the purpose of producing an agricultural commodity for commercial purposes, land left fallow under a crop rotational program, or land enrolled in an agricultural subsidy or set-aside program.

  • Petroleum and Natural Gas Rights means the entire interest of the Vendor as specified in Schedule "A" in and to the Lands and, insofar as they pertain to the Lands, the Leases.

  • Agricultural product means the products listed in Annex I to the Treaty, except fishery and aquaculture products listed in Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013;

  • Licensing means any grant of rights to distribute the qualified motion picture, in whole or in part.