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Amended Maritime Agreements Filed

Wednesday, July 02, 2014
Sandler, Travis & Rosenberg Trade Report

The Federal Maritime Commission has issued notice that the following amended agreements have been filed. Interested parties may submit comments by July 14.

Norasia Group/HLAG Space Charter and Sailing Agreement (Companhia Libra de Navegacao (Libra), Compania Sud Americana de Vapores S.A., Compania Libra de Navegacion Uruguay S.A., Hapag-Lloyd AG, and Norasia Container Lines Limited) – The amendment adds Norasia as a party to the agreement, changes references to CSAV to refer to Norasia, and adds language relating to the transfer of the agreement to Norasia in connection with a corporate transaction between CSAV and Hapag Lloyd. The amendment also changes the name of the agreement and restates the agreement.

Med-Gulf Space Charter Agreement (Hapag-Lloyd AG, Compania Sud Americana de Vapores S.A., and Norasia Lines Limited) – The amendment adds Norasia as a party to the agreement, changes references to CSAV to refer to Norasia, and adds language relating to the transfer of the agreement to Norasia in connection with a corporate transaction between CSAV and Hapag Lloyd. The amendment also restates the agreement.

Crowley/Seaboard Space Charter and Sailing Agreement (Crowley Latin America Services LLC and Seaboard Marine Ltd.) – The amendment would add authority for the parties to compensate one another for differences in vessel operating costs and update and clarify restrictions related to this authority.

Eastern Car Liner Ltd./Rickmers-Linie GmbH & Cie. KG Space Charter Agreement (Eastern Car Liner Ltd. and Rickmers-Linie GmbH & Cie. KG) – The amendment expands the geographic scope of the agreement to cover all U.S. inbound and outbound trades.

Norasia/Hapag Lloyd Mexico Space Charter Agreement (Compania Sud Americana de Vapores S.A., Hapag Lloyd A.G., and Norasia Container Lines Limited) – The amendment adds Norasia as a party to the agreement, changes references to CSAV to refer to Norasia, and adds language relating to the transfer of the agreement to Norasia in connection with a corporate transaction between CSAV and Hapag Lloyd. The amendment also changes the name of the agreement and restates the agreement.

HLAG/Norasia Trans-Atlantic Space Charter Agreement (Hapag-Lloyd AG, Compania Sud Americana de Vapores S.A., and Norasia Container Lines Limited) – The amendment adds Norasia as a party to the agreement, changes references to CSAV to refer to Norasia, and adds language relating to the transfer of the agreement to Norasia in connection with a corporate transaction between CSAV and Hapag Lloyd. The amendment also changes the name of the

Marine Terminal Lease and Operating Agreement Between Broward County and King Ocean Services Limited (Cayman Islands) Incorporated (Broward County and King Ocean Services Limited (Cayman Islands) Incorporated) – The amendment increases the number of acres being leased, the rent, and the annual minimum guarantee payments.

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