Tuesday 2 December 08 - 21:25
 

Finance Contract Concessions

Back to basics

Introducing a larger measure of common sense into container terminal concessioning should be a priority, according to Mike Mundy

Since the early days of concessions offered for container terminals things have changed significantly. New parameters continue to be established in terms of the requirements of concessions as part of the bidding process and the conditions under which concessions operate. In any examination of the concession process and terms of concession agreements it is perhaps most important to highlight what has not changed and consequently what should be changed. Table 1 provides a hit-list in this respect based on known complaints made by bidders in the past and from the first-hand experience of the author.

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