Common use of Long Term Storage Clause in Contracts

Long Term Storage. a) Long term storage is limited to 24 consecutive months pursuant to ordinance no. 871: 14.09.110 Idle Vessel Removal. No vessel will be allowed to remain in the Wrangell Marine Service Center for longer than 24 consecutive months and such vessel is thereafter subject to impoundment and sale per sections 14.13.005-.060. b) Long term storage rate DOUBLES after 12 consecutive months.

Appears in 2 contracts

Sources: Facility Use Agreement, Facility Use Agreement