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 [.