Examples of Wet Lease in a sentence
The Wet Lease Agreement will resolve a long-standing uncertainty concerning the application of the wet lease provisions of the ATA, and as such contribute to the well-functioning of the transatlantic aviation relationship.
The Agreement with Respect to Time Limitations on Arrangements for the Provision of Aircraft with Crew between the United States of America, the European Union, Iceland, and the Kingdom of Norway (“the Wet Lease Agreement”) has been negotiated by the Commission, as authorised by the Council on 21 December 2016.
It is clarified that submission of the aforesaid Performance Guarantee by the successful Bidder(s) shall be a precondition for signing of the Wet Lease Agreement.
The successful Bidder(s) shall not be entitled to seek any deviation, modification or amendment in the terms of the Wet Lease Agreement.
The terms of a Wet Lease agreement are important since they may obscure the true relationship between, and the obligations of, the parties to the agreement.