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Contract price revision.
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17.—(1) A term in a contract to the effect that the prices laid down in the contract may be revised shall be void unless the contract provides for the possibility of upward or downward revision and satisfies the conditions of subsection (2).
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(2) The conditions mentioned in subsection (1) are:
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(a) that the manner in which the price revision, if made, will be calculated, is described precisely in the term, and
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(b) that the circumstances in which the price may be revised shall be described in the term and shall be such as to provide that price revisions may be made only to allow for variations in—
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(i) transport costs, including the cost of fuel,
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(ii) dues, taxes or fees chargeable for services such as landing taxes or embarkation or disembarkation fees at ports and airports, or
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(iii) the exchange rates which apply to the particular package.
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(3) Notwithstanding any terms of the contract no price increase may be made later than a date specified in the contract which shall not be less than twenty days before the specified departure date.
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