Examples of VTS in a sentence
Corporation will organize supply & installation of VMUs by VMU supplier against cost and maintenance of VTS through a service provider at the cost of Transporter and the same will be recovered through the transportation bills of the transporters.
In the event, a VTS device is lost, destroyed, stolen or damaged beyond repair by the transporter and or their tank lorry crew, the cost of VTS device fee @ 25% of monthly service charges multiplied by the outstanding period (months) of the contract, shall be recovered from the transporter.
The transporter shall bear the risk of accidental loss, theft, damage of any kind to the VTS device and to this extent, transporter may take necessary insurance for the same.
The VTS device to be installed on tank lorry, shall remain the property of the VTS service provider.
In case VTS device in good and working condition is returned by the transporter to the VTS service provider, no termination fee shall be recovered from the transporter.