Eleventh Amendment to Pier T Tanker Terminal Agreement and Consent to Sublease
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AgencyCalifornia → Long Beach, Port of
Contacts2 people available
OfficeN/A
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The eleventh amendment to Pier T Tanker Terminal Agreement (Lease) between the Port of Long Beach (Port) and Carson Cogeneration LLC (Carson Cogeneration) extends the term of the Lease 20 years through May 31, 2043; adjusts the Guaranteed Annual Maximum Compensation at five-year intervals commencing June 1, 2023 and ending May 31, 2028 for the continued receipt, handling, unloading, transporting, and other disposition of crude oil, petroleum, and refined projects, for use of, operation, maintenance, repair, and renewal of the marine terminal improvements, all pipelines, underground… The Consent to Sublease among the Port, Carson Cogeneration, Tesoro Logistics Operations LLC (Tesoro) and Marathon Petroleum Corporation (Marathon), grants the Port’s and Marathon’s consent to Carson Cogeneration to enter into a sublease with Tesoro in connection with the operation of the Pier T Tanker Terminal.
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