Article

US container terminal leasing and pricing

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Income from leasing container terminals and terminal facilities over the last 15 years has risen from miniscule levels to a point where it now represents a majority of the total income at some us ports [l]. This paper reviews the methods used to lease container terminals and terminal facilities, examines the leasing methodologies and pricing approaches used by us public port authorities, and discusses the economic effects that each of these might have on a port [2]. Terminal leasing developed primarily as a means for ports to establish long-term with water carriers. Recently the ports have favoured long-term lease relationships because of the capital-intensive nature of containerization and the need for a secure base upon which to issue bonds to finance new facilities. To encourage carriers to commit themselves for the long term, ports developed a pricing structure that gave financial incentives to the water carrier as well as financial benefits to the port. Each port or carrier defines its competition differently; each lease reflects such differences. Therefore, the subject of terminal leasing virtually defies the use of generalities. Each port appears to approach the subject of leasing in its own manner, negotiating terms and conditions that fit its own unique requirement. There is no average or typical lease. Semantics are confusing too, many ports refer to the lease document as a lease, whereas others refer to it as a preferential assignment, even though the documents in question are identical in their essential provisions. One reason that some ports use the term preferential assignment instead of lease is ta avoid creating a leasehold interest that would be subject to property taxes in some- jurisdictions.

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Ketersediaan

Informasi Detail

Judul Seri

Maritime Policy & Management: The flagship journal of international shipping and port research

No. Panggil

ATC LO DOW u

Penerbit

United States of America : Taylor and Francis., 1984

Deskripsi Fisik

13 p.

Bahasa

English

ISBN/ISSN

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Klasifikasi

LO

Tipe Isi

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Tipe Media

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Tipe Pembawa

online resource

Edisi

VOL. 11, NO. 4, 277-288

Subjek

Pricing
Maritime Policy & Management
US container terminal
US container
terminal leasing

Info Detail Spesifik

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Pernyataan Tanggungjawab

Thomas J. Dowd

Versi lain/terkait

Lampiran Berkas

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