Document kDD8QqVky9mB5g6rw9aeE8Npb

PPG INDUSTRIES. INC. / ONE GATEWAY CENTER / PITTSBURGH. PENNSYLVAN1I1AA 15222 File: 7U0 Mr. Robert Schlff Traffic Manager The Pantasote Co. 26 Jefferson St. Passaic, New Jersey 07055 March 1, 1971 Dear Mr. Schiffr Under the provisions- of our current single-unit tank car lease with you dated February 15, 1967 , please consider thin letter a notice of our intention to terminate said lease effective -'.ar.il } 1971* In lieu of this cancelled lease, attached is a revised lease nitreement which complies with our new policy covering the leasing of rail cars. A letter outlining our new leasing policy is also enclosed. Our new lease agreement differs from the one now in effect between our companies- in that a charge of $lCFper car per day has been established for detention of cars beyond the average lease period. T*>* date a car is placed or constructively placed on. your siding will bn considered a day enroutev The day you notify the railroad the car is empty and ready to pull will be considered a day detained by you. 'iemi-annually, on June 30 and December 31 the number of days you detained car*? under this lease will be- added- and., the sum divided by the total cam leased to arrive at the average detention time per shipment. Charges wi '1 be assessed only if the average time you detain leased cars exceeds t-h<> lease jjcriod. Prompt completion and mailing of our Return Hill Log Instructions on each shipment will assure issuance of proper detention M.v- credit to your account. Please execute the attached lease in duplicate and return one copy for our files. Very truly yours, CAA :amw Enel.*3 UCCLEW0737