Synopsis: The Agreement authorizes the Parties to charter and exchange space on one another's vessels and to rationalize, coordinate and cooperate with respect to the Parties' transportation services and operations.
Most Recent Filing | Date Filed | Effective Date | Synopsis |
---|---|---|---|
012439-007
012439-007-MC |
7/28/2023 | 7/28/2023 | The Amendment revises the parties to the agreement to reflect Yang Ming Joint Service Agreement, FMC Agreement No. 201392 in place of the Yang Ming entities. |
012439-006
012439-006-MC |
6/24/2020 | 6/24/2020 | The amendment revises the Agreement to reflect HMM’s name change from Hyundai Merchant Marine Co., Ltd. to HMM Company Limited. |
012439-005
012439-005-MC |
3/19/2020 | 5/3/2020 | The Amendment revises certain provisions in Appendix B of the Agreement relating to the Contingency Fund to allow the Parties increased flexibility with respect to the manner in which they each satisfy their Contingency Contribution requirements. In addition, the definition of Contingency Contribution has been revised to reflect each Party’s current Contingency Contribution obligations. |
012439-004
012439-004-MC |
11/21/2019 | 1/5/2020 | The Amendment adds Hyundai Merchant Marine Co., Ltd. as a party to the Agreement, makes conforming changes to other provisions of the Agreement, and extends the term of the Agreement through April 1, 2030. It also adds Yang Ming (Singapore) Pte. Ltd. as a party (acting together with Yang Ming Marine Transport Corp. and Yang Ming (UK) Ltd. as one party under the Agreement). |
012439-003
012439-003-MC |
7/18/2018 | 9/1/2018 | The Amendment authorizes the Parties to increase the total amount contributed by each party to the contingency fund established under the Agreement in light of the recent transition from five Parties to three. The Amendment also deletes provisions that are no longer necessary as a result of completion of the transition of membership from the three Japanese lines to Ocean Network Express Pte. Ltd. |
012439-002
012439-002-MC |
12/14/2017 | 1/28/2018 | The Amendment revises the Agreement to provide for the transition that will occur following the acquisition of the assets of the container liner operations of Kawasaki Kisen Kaisha, Ltd.; Mitsui O.S.K. Lines, Ltd.; and Nippon Yusen Kaisha by a new company known as Ocean Network Express Pte. Ltd. effective April 1, 2018. Ocean Network Express Pte. Ltd. is added as a party effective on the date of the transition referenced above. In addition, the Amendment adds Yang Ming (UK) Ltd. as a party (operating as a single party with Yang Ming Marine Transport Corp.) and adds Guatemala and India to the geographic scope of the Agreement. |
012439-001
012439-001-MC |
8/7/2017 | 9/21/2017 | The amendment authorizes the Parties to the Agreement to form, contribute funds to, develop rules for, and administer a contingency fund designed to protect against the effects of one of the parties experiencing financial distress or an insolvency event. |
012439
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11/4/2016 | 12/19/2016 | The Agreement authorizes the Parties to charter and exchange space on one another's vessels and to rationalize, coordinate and cooperate with respect to the Parties' transportation services and operations. |