Time Volume Agreement Draft  
       
 

TIME VOLUME AGREEMENT ( TVA) NO.: __ __ __ __ __ __

This Time Volume Agreement (TVA) is offered by [ NVOCC’s name ] (hereinafter “Carrier”) and is entered into by: _________________________________, (hereinafter "Enrollee").


1. Duration:
                                                          Effective from : ______________, 201_
                                                      Effective through : ______________, 201_


2. Minimum Volume : ____________________
 

3.Commodities: ___________________________________________________
 

4.Ocean Freight rates :______________________________________________
 

5. Origin :
 

6. Destinations :
 

7. Rates apply on containerizable cargo loaded by Carrier into standard containers. Rates are subject to all rules and surcharges applicable at the time of shipment at the loading port, except as otherwise provided in this TVA.
 

8. Enrollee agrees to tender the minimum volume set forth in item (2) of this TVA.
 

9. If the Enrollee fails to tender the minimum volume commitment specified in this TVA during the time period set forth herein, then Enrollee shall pay the difference between the TVA minimum and the actual quantity shipped at the TVA rate (if two or more rates are provided, the lowest rate shall apply) or shipments shall be re-rated at the tariff rate in effect at time of shipment, whichever produces the lowest total charge. The total amount due hereunder shall be paid directly to the Carrier within twenty one (21) days from date of expiry of this TVA.
 

10. Beyond its obligations as a common Carrier, the Carrier makes no commitment to any defined service level, such as assured space, transit time, port rotation or similar service feature.
 

11. In the event of Force Majeure circumstances by the underling Carrier, including work stoppages, strikes, accidents, Acts of God, governmental restraints, war or hostilities, or other similar conditions, the parties shall be excused from their obligations under this TVA to the extent to and for the duration of the disability, and the TVA obligations shall be adjusted accordingly, viz: the minimum quantity commitment specified in item 2 of this agreement shall be reduced proportionally by the amount of the cargo booked but not carried on the service of the Carrier.
 

12. The shipment records which will be maintained to support the rate are the enrolment form and the bill of lading.


13. Shipments shall be counted toward only one (1) TVA.


14. Enrollee accepting this offering will be assigned an enrolment number which shall be represented on each bill of lading under this time volume rate offer. shipments that do not bear the TVA number on the bill of lading shall not be used to satisfy any requirements of this offering.


15. The name of the Enrollee must appear in full style on the bill of lading as either the shipper or consignee or both (and not only as the notify party) in order for the cargo presented by the bill of lading to be credited under this offering.


16. All shipments made under this TVA are subject to all terms and conditions of Carrier's bill of lading.


17. The Time Volume Agreement (TVA) is governed by [ Carrier’s name ]’s tariff on file with the Federal Maritime Commission or future replacement tariff(s).

In witness whereof, the parties have executed this agreement through their responsible representatives duly authorized as of the dates hereinafter written.

  
       
  For: [ Carrier’s name ] For: [Shipper or consignee legal name]  
  By: By:  
  Title: Title:  
  Address: Address:  
            
 

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