Common use of HCV Clause in Contracts

HCV. (a) HCV for each Financial Year in respect of the Terminal Component is calculated as follows: = Where: OVC is the aggregate of all Variable Operating Costs in respect of the Handling of all Coal through the relevant Terminal Component for a Financial Year; ATTS is the actual number of tonnes of Coal Shipped by the User pursuant to this Agreement in the relevant Financial Year in respect of the relevant Terminal Component; and TTCS is the total number of tonnes of Coal Shipped through the relevant Terminal Component during that Financial Year. (b) As soon as practicable after each 31 May, and having consulted with the Operator, DBCT Management must advise the User in writing of the estimated HCV payable by the User during the forthcoming Financial Year in respect of the relevant Terminal Component.

HCV. (a) HCV for each Financial Year in respect of the Terminal Component is calculated as follows: 𝑂𝑉𝐶 𝐻𝐶𝑉 = Where: 𝑇𝑇𝐶𝑆 𝑥 𝐴𝑇𝑇𝑆 OVC is the aggregate of all Variable Operating Costs in respect of the Handling of all Coal through the relevant Terminal Component for a Financial Year; ATTS is the actual number of tonnes of Coal Shipped by the User pursuant to this Agreement in the relevant Financial Year in respect of the relevant Terminal Component; and TTCS is the total number of tonnes of Coal Shipped through the relevant Terminal Component during that Financial Year. (b) As soon as practicable after each 31 May, and having consulted with the Operator, DBCT Management DBIM must advise the User in writing of the estimated HCV payable by the User during the forthcoming Financial Year in respect of the relevant Terminal Component.

HCV. (a) HCV for each Financial Year in respect of the Terminal Component is calculated as follows: = Where: OVC is the aggregate of all Variable Operating Costs in respect of the Handling of all Coal through the relevant Terminal Component for a Financial Year; ATTS is the actual number of tonnes of Coal Shipped by the User pursuant to this Agreement in the relevant Financial Year in respect of the relevant Terminal Component; and TTCS is the total number of tonnes of Coal Shipped through the relevant Terminal Component during that Financial Year. (b) As soon as practicable after each 31 May, and having consulted with the Operator, DBCT Management DBIM must advise the User in writing of the estimated HCV payable by the User during the forthcoming Financial Year in respect of the relevant Terminal Component.