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KembaraXtra – Travel Terms: agency agreement
A contract between a travel agent and a principal setting out terms for doing business. The IATA Passenger Sales Agency Agreement operates globally (with exceptions and variants, including US and conference-area resolution structures). The entry recounts that after lengthy negotiations the Global Consultative Committee proposed a less one-sided contract, but in June 2002 airlines blocked unanimous approval at the IATA Passenger Agency Conference in Miami, leading to a suspension and calls for government review of IATA antitrust immunity and for alternatives to IATA accreditation and BSP systems; the entry notes that at the time of writing nothing had come of these actions.
A contract between a travel agent and a principal setting out terms for doing business. The IATA Passenger Sales Agency Agreement operates globally (with exceptions and variants, including US and conference-area resolution structures). The entry recounts that after lengthy negotiations the Global Consultative Committee proposed a less one-sided contract, but in June 2002 airlines blocked unanimous approval at the IATA Passenger Agency Conference in Miami, leading to a suspension and calls for government review of IATA antitrust immunity and for alternatives to IATA accreditation and BSP systems; the entry notes that at the time of writing nothing had come of these actions.
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