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TABLE 9

Port of Oakland

Major Marine Terminal Agreements - 1992

 

Lssee,Assignee Term Year
or Terminal Operator Minimum Current Maximum in years Expires
American President Lines (Berths 60 and 61) $2,305,530(1) $4,138,152(2)

$2,305,530(3)

25 2001
American President Lines (Berths 62 and 63) 2,051,940(4) 3,884,562(2) 2,372,781(4) 30 2001
American President Lines Office

378,440(1)

378,440(1)

378,440(3)

25 2001
International Transportarion Service(operated under name of TransBay Container Terminal)

2,535,175(5)

2,938,941

None 5 1997
Maersk line

4,290,333(6)

6,138,581(2)

None 10 1997
Marine Terminals Corp. (Ninth Avenue) 500,000 500,000 None 3 1994
Marine Terminals Corp. (Seventh Street Marine Container Terminal)

6,204,000(7)

6,343,146 None 2 1994
Matson Navigation Company

1,847,496

1,847,496 1,847,496 40 2008
Mitsui O.S.K.lines,Ltd 2,424,532(8)(9) 3,482,796(8)(9)

None

4 1994
Neptune Orient Lines,Ltd., and Nippon Yusen kaisha(10)

7,014,708

7,128,999

None 15 2007
Pasha Properties,Inc. -0-(10) -0-(10) None 2.5 1994
Sea Land Service,Inc.

6,338,083

6,732,876(2) None 20 2000
Stevedoring Service of America(Howard Terminal)

4,772,400(11)

6,626,262 None 5 1997

 

(1) American President Lines assumed U.S. Lines agreement in August 1987.

(2) Includes revenue from secondary sources other than lease or preferential assignment.

(3) Maximum guaranteed by preferential assignment or lease: does not include revenue from secondary sources.

(4) Approximate range of payments by preferential assignment to 2001; does not include revenue from secondary sources.

(5) New agreement effective September 1, 1992; minimum increased to $3,020.183.

(6) New agreement increased preferentially assigned area portion to $2,339,625 effective January 1, 1992.

(7) New agreement effective January 1, 1992.

(8) New agreement increased preferentially assigned area portion to $2,252,902 effective July 1, 1992.

(9) This agreement will be replaced by the Berth 30 agreement. Amounts received pursuant to the Berth 30 agreement will be Special Facilities Revenues and generally will not be subject to the pledge of Pledged Revenues. See "SECURITY AND SOURCES OF PAYMENT FOR THE BONDS - Special Obligations" herein.

(10) New agreement includes minimum revenue of $1,431,621 during term. Agreement suspended February 1, 1990, pending earthquake damage rehabilitation. Rental cost due U.S. Army abated 95% during earthquake rehabilitation.

(11) New agreement effective July 7, 1992.

 

Source: Port of Oakland

 

 

 

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