Common use of Values of tariff terms Clause in Contracts

Values of tariff terms. The TAMM and TQCMM values are defined by applying the following formula: 𝐼𝐶𝐻𝑇𝑟𝑒𝑣𝑇𝑆 𝑇𝐴𝑀𝑀 = 𝑇𝐴𝑀𝑀0 × (0.65 + 0.35 × 𝐼𝐶𝐻𝑇𝑟𝑒𝑣𝑇𝑆 ) 𝐼𝐶𝐻𝑇𝑟𝑒𝑣𝑇𝑆 𝑇𝑄𝐶𝑀𝑀 = 𝑇𝑄𝐶𝑀𝑀0 × (0.65 + 0.35 × 𝐼𝐶𝐻𝑇𝑟𝑒𝑣𝑇𝑆 ) In which: TAMM0 = Reference Small-Scale LNG Carrier Berthing Term for the period in question, as defined in the Special Terms and Conditions. TQCMM0 = Reference Small-Scale LNG Carrier Loaded Quantity Term for the period in question, as defined in the Special Terms and Conditions. ICHTrevTS = latest representative value of the Index of the ‘Revised Hourly Cost of Labour for All Employees, mechanical and electrical industries heading’ or equivalent value, known at the time of the annual revision of the price in question and published by INSEE [identifier INSEE 001565183] ICHTrevTS0 = value of ICHTrevTS in July 2021. The TAMM and TQCMM values are revised annually, when the first invoice of each Year is issued.