HCF Clause Samples
HCF. (a) HCF for each Financial Year is calculated as follows:- HCF = [OFC + DC + MC] x Where:- OFC is the aggregate of all Fixed Operating Costs for the Financial Year; DC is other expenditure (not being Capital Expenditure) incurred by the Operator for the operation and maintenance of the Terminal (including any Operator's margin) for that Financial Year and reimbursable by DBCT Management pursuant to the Operation & Maintenance Contract; MC is the minor Capital Expenditure for the Terminal (not included in DC) in the relevant Financial Year, to a maximum of $3 million; ACT is the higher of the User's Annual Contract Tonnage or the tonnage of Coal actually Shipped by it in the relevant Financial Year; and TACT is the total of the annual contract tonnages (or if an Access Holder's actual tonnage Shipped is greater than its annual contract tonnage, the actual tonnage Shipped) of all Access Holders for each relevant Financial Year. For clarification, tonnages referred to in this clause include Reference Tonnages and Non-Reference Tonnages.
(b) As soon as practicable after each 31 May, having consulted with the Operator, DBCT Management must advise the User in writing of the estimated HCF payable by the User during the forthcoming Financial Year.
HCF.
(a) HCF for each Financial Year is calculated as follows:- HCF = [OFC + DC + MC] x Where:- OFC is the aggregate of all Fixed Operating Costs for the Financial Year in respect of the relevant Terminal Component; DC is other expenditure (not being Capital Expenditure) incurred by the Operator for the operation and maintenance of the relevant Terminal ComponentTerminal (including any Operator's margin) for that Financial Year and reimbursable by DBCT Management pursuant to the Operation & Maintenance Contract; MC is the minor Capital Expenditure for the relevant Terminal ComponentTerminal (not included in DC) in the relevant Financial Year, to a maximum of $3 million; ACT is the higher of the User's Annual Contract Tonnage or the tonnage of Coal actually Shipped by it in the relevant Financial Year; and TACT is the total of the annual contract tonnages (or if an Access Holder's actual tonnage Shipped is greater than its annual contract tonnage, the actual tonnage Shipped) of all Access Holders for each relevant Financial Year relevant Terminal Component. For clarification, tonnages referred to in this clause include Reference Tonnages and Non-Reference Tonnages.
(b) As soon as practicable after each 31 May, having consulted with the Operator, DBCT Management must advise the User in writing of the estimated HCF payable by the User during the forthcoming Financial Year in respect of the relevant Terminal Component.
HCF. (a) HCF for each Financial Year in respect of the Terminal Component is calculated as follows: 𝐻𝐶𝐹 = [𝑂𝐹𝐶 + 𝐷𝐶 + 𝑀𝐶]𝑥 Where: 𝑇𝐴𝐶𝑇 OFC is the aggregate of all Fixed Operating Costs for the Financial Year in respect of the relevant Terminal Component; DC is other expenditure (not being Capital Expenditure) incurred by the Operator for the operation and maintenance of the relevant Terminal Component (including any Operator's margin) for that Financial Year and reimbursable by DBIM pursuant to the Operation & Maintenance Contract; MC is the minor Capital Expenditure for the relevant Terminal Component (not included in DC) in the relevant Financial Year, to a maximum of $3 million; ACT is the User's Annual Contract Tonnage in respect of the relevant Terminal Component; and TACT is the total of the annual contract tonnages (or if an Access Holder's actual tonnage Shipped is greater than its annual contract tonnage, the actual tonnage Shipped) of all Access Holders for each relevant Financial Year in respect of the relevant Terminal Component.
(b) As soon as practicable after each 31 May, having consulted with the Operator, DBIM must advise the User in writing of the estimated HCF payable by the User during the forthcoming Financial Year in respect of the relevant Terminal Component.