Common use of Terminal Infrastructure Charge (TIC Clause in Contracts

Terminal Infrastructure Charge (TIC. (a) Where no Review Event occurs after 1 July in a Financial Year, the Terminal Infrastructure Charge (TIC) for that Financial Year, being a charge per tonne of Annual Contract Tonnage, will be calculated as follows:- where:- (b) Where a Review Event occurs after 1 July in a Financial Year, the Terminal Infrastructure Charge per tonne of Annual Contract Tonnage to apply for each period "i" in that Financial Year (TICi) shall be calculated as follows:- RCi where:- RCi is the relevant portion of the Revenue Cap to apply for period "i" in the Financial Year; and ARTi is the relevant portion of the Aggregate Reference Tonnage applying to the relevant period "i" in the Financial Year.

Terminal Infrastructure Charge (TIC. (a) Where no Review Event occurs after 1 July in a Financial Year, the Terminal Infrastructure Charge (TIC) for that Financial Year, being a charge per tonne of Annual Contract Tonnage, will be calculated as follows:- where:- (b) Where a Review Event occurs after 1 July in a Financial Year, the Terminal Infrastructure Charge per tonne of Annual Contract Tonnage to apply for each period "“i" ” in that Financial Year (TICi) shall be calculated as follows:- TICi = where:- RCi where:- ARTi RCi is the relevant portion of the Revenue Cap to apply for period "“i" ” in the Financial Year; and ARTi is the relevant portion of the Aggregate Reference Tonnage applying to the relevant period "“i" ” in the Financial Year.