Transcargo - Logistics Experts

Terms and conditions valid for agreements on Storage and Warehousing at any of Transcargo ZFM's (TCZFM) Regional Distribution Centers (RDC) will be those established by Law 15921, its regulatory decrees, other national regulations applicable to this kind of agreement, and by those established in this text, unless both parties agreed to set up by writing and sign a particular agreement.

Purpose

TCZFM hereby agrees to receive merchandise from the Depositor in its warehouses, either at Zonamerica or Libertad Free Trade Zone RDC.

Term

Unless both parties explicity agree on a different term, this agreement shall be valid while the Depositor maintains merchandise at any of TCZFM RDC's. Nevertheless, TCZFM has the right to unilaterally recess this agreement, notifying the Depositor 10 days in advance to the latest date in which to retrieve the merchandise from the RDC.

During the term of this agreement, the Depositor commits not to contract storage and/or warehousing services with other Tenants at any free zone were TCZFM has its operations.

Price

The Depositor shall pay to TCZFM the agreed price as per quotation, according to the services to be rendered. It is established that the Depositor accepts the quotation solely by shipping merchandise to any of TCZFM RDC's.

The Depositor agrees to pay services rendered on a monthly basis, within 30 day from the date of invoice. Costs shall be calculated from the date the merchandise is received at any TCZFM's RDC until it is effectively withdrawn from it, per month or fraction.

Price of services to be rendered will be adjusted at the end of each year based proportionally to the average increase in the CPI of the United States of America and that of Uruguay. New prices will be effective since 1st of January of the following year.

TCZFM shall be able to modify the costs, whenever circumstances makes it necessary, notifying the Depositor in writing, before the new prices become effective.