How is Actual Transportation Charges defined in a legal contract?
- Actual Transportation Charges means the total amount of transportation costs incurred by a committed shipping entity for the goods it transports over a system within a specific contract year, not counting Seen in 9 SEC filings.
- Actual Transportation Charges means the total of the transportation costs that a committed shipper incurs for the goods it transports over a system within a specific contract year, not counting any costs that the committed shipper incurs related to transportation costs, including, but not limited to, holdover fees, pump-over fees, interest charges, penalties, and other similar charges, and any transportation costs that a committed shipper incurs for the shipment of incremental barrels that the committed shipper pays for using a credit from its annual deficiency payment account as per the terms of its Transport System Agreement (TSA). Seen in 7 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of actual transportation charges' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Actual Transportation Charges means the total transportation costs borne by a shipping entity within a contract year, excluding secondary charges and unrelated costs.
Relevant Contract Types
Relevant Circumstances
- Cross-Border Transportation Agreements
- Long-Term Shipping Protocols
- Large-Scale Commodity Transport
- Complex Logistic Solutions
- Multimodal Transportation
Relevant Sectors
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Actual Transportation Charges means the total transportation costs borne by a shipping entity within a contract year, excluding secondary charges and unrelated costs.
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