Common use of HCV Clause in Contracts

HCV. (a) HCV for each Financial Year is calculated as follows:- HCV = OVC x the actual number of tonnes of Coal Shipped by the User TTCS pursuant to this Agreement in the relevant Financial Year. Where:- OVC is the aggregate of all Variable Operating Costs in respect of the Handling of all Coal through the Terminal for a Financial Year; and TTCS is the total number of tonnes of Coal Shipped through the Terminal during that 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, 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 (based on an assumption that the User will Ship its Annual Contract Tonnage in that Financial Year).

HCV. (a) HCV for each Financial Year is calculated as follows:- HCV = OVC x TTCS the actual number of tonnes of Coal Shipped by the User TTCS pursuant to this Agreement in the relevant Financial Year. 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; and TTCS is the total number of tonnes of Coal Shipped through the Terminal during that Financial YearYear 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, 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 (based on an assumption that in respect of the User will Ship its Annual Contract Tonnage in that Financial Year)relevant Terminal Component.

HCV. ‌ (a) HCV for each Financial Year is calculated as follows:- HCV = OVC x TTCS the actual number of tonnes of Coal Shipped by the User TTCS pursuant to this Agreement in the relevant Financial Year. 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; and TTCS is the total number of tonnes of Coal Shipped through the Terminal during that Financial YearYear 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, 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 (based on an assumption that in respect of the User will Ship its Annual Contract Tonnage in that Financial Year)relevant Terminal Component.

HCV. (a) HCV for each Financial Year is calculated as follows:- HCV = OVC x TTCS the actual number of tonnes of Coal Shipped by the User TTCS pursuant to this Agreement in the relevant Financial Year. Where:- OVC is the aggregate of all Variable Operating Costs in respect of the Handling of all Coal through the relevant Terminal ComponentTerminal for a Financial Year; and TTCS is the total number of tonnes of Coal Shipped through the Terminal during that 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, 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 (based on an assumption that in respect of the User will Ship its Annual Contract Tonnage in that Financial Year)relevant Terminal Component.

HCV. (a) HCV for each Financial Year is calculated as follows:- HCV =  OVC x TTCS the actual number of tonnes of Coal Shipped by the User TTCS pursuant to this Agreement in the relevant Financial Year. 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; and TTCS is the total number of tonnes of Coal Shipped through the relevant Terminal Component during that 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, 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 (based on an assumption that in respect of the User will Ship its Annual Contract Tonnage in that Financial Year)relevant Terminal Component.

HCV. ‌ (a) HCV for each Financial Year is calculated as follows:- HCV = OVC x TTCS the actual number of tonnes of Coal Shipped by the User TTCS pursuant to this Agreement in the relevant Financial Year. Where:- OVC is the aggregate of all Variable Operating Costs in respect of the Handling of all Coal through the relevant Terminal Component Terminal for a Financial Year; and TTCS is the total number of tonnes of Coal Shipped through the Terminal during that Financial YearYear 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, 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 (based on an assumption that in respect of the User will Ship its Annual Contract Tonnage in that Financial Year)relevant Terminal Component.