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SSA Marine

amendment
maritime

Lease #MA-2020-0012 · Terminal 5

Term

2020-01-012040-12-31

Renewal: 1 x 10-year option

Space

Berth 3, SSA Marine Office

408,500 sqft · Terminal 5

Rent

$15.68M/year

$1.31M/month

Total Lease Obligation

Fixed Components

$0

/year

Variable Components

$148.73M

estimate /year

Total Monthly

$12.39M

/month

Total Annual

$148.73M

/year

Fixed 0%Variable 100%

Lease Clauses & Rent Calculation Engine

3 active clauses — click to see step-by-step calculations

Clause 1 of 3berthageADDITIONAL VARIABLE

Berthage Fee

Daily berthage fee based on gross tonnage of vessels

3.5

$/gross ton/day

Clause 2 of 3per unitADDITIONAL VARIABLE

Container Move Fee

Per-container-move fee with annual minimum volume guarantee

185

$/container move

Min Volume

50,000 moves/yr

Clause 3 of 3cpiMODIFIES BASE RENT

CPI Escalation

Annual CPI adjustment applied to base rates

Escalation

Annual, effective January 1, CPI-U Seattle-Tacoma-Bellevue

Volume Commitment Tracking

Year-to-date volume vs. annual minimum commitment

Volume Commitment Tracking

YTD through 3 months

SSA Marine

container moves

On Track
29%

YTD Actual

14,280

Annual Min

50,000

Projected Annual

57,120

Months Elapsed

3 / 12

Monthly Pace

Actual Avg4,760 / mo
Required Pace4,167 / mo
14% above required pace

Clause Comparison (Amendment Analysis)

Side-by-side comparison of current vs. proposed amendment terms

berthage

Berthage Fee

Current

$

Monthly Berthage Fee

$11.47M

Proposed Amendment

$

Monthly Berthage Fee

$11.47M

$11.47M$11.47M
$0 (0.0%)
per unit

Container Move Fee

Current

$

Monthly Container Fee

$891,700

Proposed Amendment

$

Monthly Container Fee

$891,700

$891,700$891,700
$0 (0.0%)

Special Provisions

Tenant responsible for terminal maintenance, crane operations, and environmental compliance. Shore power infrastructure shared.

Documents

Amendments & Audit Trail

3 amendments

Tenant Information

Contact

James Henderson

Email

jhenderson@ssamarine.com

Phone

(206) 654-3500

Compliance

compliant