Feedstock Price. The price per Pound of Feedstock delivered by Vitol to BKRF at the Feedstock Delivery Point under this Agreement (the “Feedstock Price”) shall be equal to the sum of (without duplication) (a) the applicable Feedstock Contract Price, plus (b) all actual out-of-pocket and allocated storage, transportation, and other logistics costs incurred by Vitol or its Affiliates to deliver such Feedstock to the Project, if any, plus (c) a $*** per Pound handling and administrative fee (the “Feedstock Administrative Fee”). Vitol may allocate internal storage, transportation, and other logistics costs to transactions under this Agreement provided such costs are allocated in good faith and in the same manner as they are allocated to Vitol’s other transactions.
Feedstock Price. The price per therm of Feedstock shall be calculated pursuant to the formula set forth in Exhibit B attached hereto and incorporated herein by this reference (the "Feedstock Pricing Formula"); PROVIDED, THAT: (i) on each anniversary of the Closing Date and at any time that, pursuant to the formula on Exhibit B, the average crude index factor for the previous two months minus $12.12 is greater than $5/bbl or less than $5/bbl, the parties shall review and revise the Feedstock Pricing Formula as may be mutually agreed, and (ii) the Feedstock Pricing Formula shall be amended to include any increase in compliance costs or expenses incurred by the Refinery as a result of new legal or regulatory requirements imposed on, or affecting, the production, transport, delivery or sale of the Feedstock, or the source material(s) thereof. Upon request, BHP Refining shall provide documentation to support the price per therm calculations used for invoicing.
