Common use of Volume Forecast Clause in Contracts

Volume Forecast. 4.1 In respect of the first year, the annual volume indication of the number of TEU which the User anticipates will be handled at the Container Terminal is attached in Section 5 ("Volume Forecast"). 4.2 In respect of each subsequent year, the User shall provide the Terminal Operator with a revised Volume Forecast at least two (2) months prior to the start of the year. 4.3 If following the provision of a Volume Forecast the User becomes aware that there is a risk that it will be inaccurate, the User will, as soon as practicable, provide the Terminal Operator with a revised Volume Forecast. 4.4 The User confirms that each Volume Forecast will comprise the User's best prediction of its service requirements. The Parties agree that the Volume Forecast and any revision to the Volume Forecast provided by the User under this Clause in no way constitute a volume guarantee.