VOCC definition
Examples of VOCC in a sentence
In the event the other Parties have failed to exercise their first right of refusal to charter those slots according to procedures mutually agreed by the Parties, then those unused slots within a Party’s entitlement may be sold or sub-chartered on an ad hoc basis (which shall mean not more than one voyage at any one time) to any third party vessel-operating common carrier (VOCC), meaning an ocean common carrier subject to the Shipping Act.
The slot sale to any third party VOCC on a more permanent basis shall require the unanimous written consent of the other Parties, not to be THE Alliance Agreement FMC Agreement No. 012439 Substitute Original Page No. 7 unreasonably withheld or unduly delayed.
When equipment is provided to shippers and/or consignees by Vessel Operating Common Carriers (VOCCs) the VOCC, either directly or via the carrier, provisions and charges will be for the account of the cargo.
Except to the extent that the Parties agree otherwise in writing, a Party sub-chartering space to a third party VOCC shall remain responsible for all obligations and liabilities arising under the Agreement (and/or under any agreement among the Parties made pursuant to this Agreement) in respect of the slots sub-chartered by that Party.
The slot sale to any third party VOCC on a more permanent basis shall require the unanimous written consent of the other Parties having a BSA on the concerned service, not to be unreasonably withheld or unduly delayed.
The slot sale to any third party VOCC on a more permanent basis shall require the unanimous written consent of the other Parties, not to be THE Alliance Agreement FMC Agreement No. Substitute Original Page No. 7 unreasonably withheld or unduly delayed.
The rights and obligations of each Line hereunder shall not be assignable except to subsidiaries, parent companies or fellow subsidiaries that are VOCCs, or to another VOCC with the prior unanimous agreement of the other Lines.
When equipment is provided to shippers and/or consignees by Vessel Operating Common Carriers (VOCCs) the VOCC, either directly or via the carrier, provisions as published by the VOCC in its FMC tariff will be for the account of the cargo.
In the event the Master NVOCC does not submit cargo declaration data for co-loaded cargo directly to the U.S. Customs Service, but NVOCCs with which it co-loads transmit cargo declaration data for their cargoes directly to the U.S. Customs Service, it shall be the obligation of the Master NVOCC to provide the VOCC with the information described in paragraph A with respect to all co-loaded cargo tendered to the VOCC by the Master NVOCC.
When equipment is provided to Shippers and/or Consignees by an ocean carrier (VOCC), the VOCC’s, either directly or via the Carrier, provisions and charges will be for the account of the cargo.