For the purposes of this article, the following words and phrases shall have the following meanings:
(1)BASE CARGO VOLUME. The greater of the following:
a. One hundred five percent of the cargo volume of a port facility user in the 12-month period immediately preceding the application.
b. Ten TEUs for cargo measured by TEU, 75 net tons for cargo measured by net ton, or 400 VEUs for cargo measured by VEU.
(2)CARGO VOLUME. The total amount of noncontainerized general cargo or containers, measured in TEUs, in net tons, in kilograms, or in VEUs transported by way of a waterborne ship, air cargo aircraft, or railroad through a port facility; provided that such cargo shall be owned by the port facility user at the time the port facility is used.
(3)COMMISSION. The Renewal of Alabama Commissio
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For the purposes of this article, the following words and phrases shall have the following meanings:
(1) BASE CARGO VOLUME. The greater of the following:
a. One hundred five percent of the cargo volume of a port facility user in the 12-month period immediately preceding the application.
b. Ten TEUs for cargo measured by TEU, 75 net tons for cargo measured by net ton, or 400 VEUs for cargo measured by VEU.
(2) CARGO VOLUME. The total amount of noncontainerized general cargo or containers, measured in TEUs, in net tons, in kilograms, or in VEUs transported by way of a waterborne ship, air cargo aircraft, or railroad through a port facility; provided that such cargo shall be owned by the port facility user at the time the port facility is used.
(3) COMMISSION. The Renewal of Alabama Commission created by Section 40-18-402.
(4) COMPANY. Anyone or anything which has the powers to conduct the activities required to claim the port credit.
(5) INLAND PORTS. Physical sites located away from traditional land, air, and coastal borders with the vision to facilitate and process international and domestic trade through strategic investment in multi-modal transportation assets and by promoting value-added services as goods move through the supply chain.
(6) PORT FACILITY. Any type of deep draft ship terminal facility located within this state’s ports of entry, including publicly owned inland ports, through which cargo is transported by way of a waterborne ship, air cargo aircraft, or railroad, to or from destinations inside or outside this state and which handles cargo owned by third parties in addition to cargo owned by the port facility’s owner.
(7) PORT CREDIT. The credit provided for in Section 40-18-403.
(8) PORT FACILITY USER. A company engaged in manufacturing, warehousing, or distribution which uses a port facility.
(9) TEU. A “20-foot equivalent unit” volumetric measure based on the size of a container 20 feet long by eight feet wide by eight feet, six inches high.
(10) VEHICLE. Any motorized vehicle as defined in Section 32-1-1.1.
(11) VEU. A “Vehicle Equivalent Unit” volumetric measure of one cubic meter.