Wharfage Agreement Meaning

The direct agreement between the parties to a concession or BOT agreement (government or port authority and assignment group [SPV] or terminal manager) and lenders (usually banks or a banking consortium) with the rights and obligations of lenders to the government or port authority with respect to facilitating the financing of a port project. The lender`s direct agreement is used in the event of a proposed termination of the concession agreement to encourage lenders to make the debt available to the VPS or the operator in accordance with the financing documents. These rights and obligations generally include the transfer rights relating to the concession and the lease, priority rights for the repayment of the debt and entry rights in the event of termination following an infringement by the SPV or the operator. Good international practices A term used in contracts, that is, the exercise of this degree of competence, prudence and prudence which, in order to meet internationally recognized performance standards, would reasonably be practised by an experienced person with all applicable qualifications that would be exercised of the same nature or other types of similar activities in identical or similar circumstances. “Wharfage.” Merriam-Webster.com Dictionary, Merriam-Webster, www.merriam-webster.com/dictionary/wharfage. Access 20 Dec 2020. The delivery period used in the contracts, i.e. the procedure for making property and access to an exclusive, unloaded, peaceful and free concession area available, and access to the existing operational port infrastructure, as well as all rights, titles (without charges and security) and interest in all personal assets and facilities by the government or port authority on the date of delivery of the terminal. The merchants of Truro used it in the past for the place of the lading and unloading of their ships, as did the merchants from Exeter to Topsham; and it`s all the more likely that, as above, the pier of these landing sites still belongs to the Company of Then, there was a strong demand for “wharfing”, and the hackman calculated half a dollar for me to take a quarter of a kilometer.

These examples are automatically selected from different sources of online messages to reflect the current use of the word “wharfage.” The opinions expressed in the examples do not reflect the views of Merriam-Webster or its publishers. Send us comments. The agreement ensures that New Millennium has the right to export its products at competitive and established long-term shipyard rates via the Seven Islands SIPA wharf. First of all, that all the protesters of the kingdoms and counts will come to our kingdom of England and wherever in our reign with their marches, whatever our defence and protection will prevail without paying for docks, bypasses or pannage. Britannica French: Wharfage for Arabic Speakers A caling tax is a fee traditionally levied by marine agencies in the United States to cover fees collected by port and/or port authorities. Wharf tax: A fee that is charged by a wharf or dock owner for handling or departing cargo. “When a Kaiinger receives a sum of money for the wharf, the doorman and suffering, he is required to deliver the goods safely on board the determined vessel, in accordance with the custom of commerce, and is also liable for the losses or damages that may be suffered by his negligence.” Container Pool An agreement between the parties that allows the use and supply of containers efficiently; a joint supply of containers to the shipper`s joint supply of containers, as required.