Common use of Shrink Clause in Contracts

Shrink. What Shrink is applied to Your Accounting Stock? (a) GrainCorp will Shrink Your Accounting Stock at the following rates: (i) 0.7% by weight from each load of wheat, durum, noodle and soft wheats, oats, all other cereals (excepting rice), sorghum, barley and canola Received at a GrainCorp Storage; (ii) 0.2% by weight from each load of wheat, durum, noodle and soft wheats, oats, all other cereals (excepting rice), sorghum, barley and canola Received at a Port Terminal; (iii) 1% by weight from each load of legumes, pulses, maize, sunflowers and oilseeds other than canola delivered to a country storage or a port terminal (iv) An additional 1% Shrink will be deducted from all Tonnage of legumes and pulses in GrainCorp Storages at the commencement of the Next Season and at that date for each subsequent season until Outload; and (v) Other Grain not listed above shall be Shrunk at an agreed rate or handled on an ’all in all out’ basis in GrainCorp’s discretion. (b) You acknowledge and agree: (i) The Shrink deduction applies to Transfers from Grower Warehousing Services and road and rail Receival from any Non‐GrainCorp Storages, excluding ‘site to site’ Transfers or where throughput Services are provided, which are provided on an ‘all in, all out’ basis; (ii) Accounting Stock which has been transferred to You from another Customer (Buyer to Buyer Transfer) is excluded as Shrink will have already been applied to that Stored Grain; (iii) The application of Shrink at Port Terminals will be determined in accordance with any applicable Bulk Wheat and Non‐Wheat Port Terminal Services Agreement between You and GrainCorp; (iv) Where Shrink is deducted under clause 7(a), Title in the residue (being a volume of Grain representing the amount deducted) will Transfer to GrainCorp and any proceeds from the sale of Shrink residue, dust and/or damaged Grain will be to the account of GrainCorp and will not be considered for Outload on Your behalf. For the purposes of clarity, the residue does not Transfer to Co‐ Owners; and (v) The deductions set out in clause 7(b)(i) will be applied such that the quantity of Grain available to the Customer on Outload or Transfer as recorded in GrainTransact/CropConnect which will be the Shrunk quantity. The Shrunk quantity is Your Interest.

Shrink. What Shrink is applied to Your Accounting Stock? (a) GrainCorp will Shrink Your Accounting Stock at the following rates: (i) 0.7% by weight from each load of wheat, durum, noodle and soft wheats, oats, all other cereals (excepting rice), sorghum, barley and canola Received at a GrainCorp StorageStorage (including any grower deliveries under the NGR to a Port Terminal); (ii) 0.2% by weight from each load of wheat, durum, noodle and soft wheats, oats, all other cereals (excepting rice), sorghum, barley and canola Received at a Port TerminalTerminal under an approved Movement Request; (iii) 1% by weight from each load of legumes, pulses, maize, sunflowers and oilseeds other than canola delivered to a country storage or a port terminalPort Terminal; (iv) An additional 1% Shrink will be deducted from all Tonnage of legumes and pulses in GrainCorp Storages at the commencement of the Next Season and at that date for each subsequent season until Outload; and (v) Other Grain not listed above shall be Shrunk at an agreed rate or handled on an ’all in all out’ basis in GrainCorp’s discretion. (b) You acknowledge and agree: (i) The Shrink deduction applies to Transfers from Grower Warehousing Services and road and rail Receival from any Non‐GrainCorp Non-GrainCorp Storages, excluding ‘site to site’ Transfers or where throughput Services are provided, which are provided on an ‘all in, all out’ basis; (ii) Accounting Stock which has been transferred to You from another Customer (Buyer to Buyer Transfer) is excluded as Shrink will have already been applied to that Stored Grain; (iii) The application of Shrink at Port Terminals will be determined in accordance with any applicable Bulk Wheat and Non‐Wheat Non-Wheat Port Terminal Services Agreement between You and GrainCorp; (iv) Where Shrink is deducted under clause 7(a), Title in the residue (being a volume of Grain representing the amount deducted) will Transfer to GrainCorp and any proceeds from the sale of Shrink residue, dust and/or damaged Grain will be to the account of GrainCorp and will not be considered for Outload on Your behalf. For the purposes of clarity, the residue does not Transfer to Co‐ Co- Owners; and (v) The deductions set out in clause 7(b)(i) will be applied such that the quantity of Grain available to the Customer on Outload or Transfer as recorded in GrainTransact/CropConnect which will be the Shrunk quantity. The Shrunk quantity is Your Interest.