Common use of PRICE SUPPLEMENT RELATED TO AN HOURLY CAPACITY Clause in Contracts

PRICE SUPPLEMENT RELATED TO AN HOURLY CAPACITY. OVERRUN‌ Every day, for each Hourly Delivery Capacity specified in Appendix 2 to the Contract, the difference, if it is positive, between - The maximum value of the hourly average of the Hourly Quantity Delivered during four (4) consecutive hours on the relevant Day, and - The corresponding Hourly Delivery Capacity shall constitute an Hourly Capacity Overrun. For any Hourly Capacity Overrun less than or equal to ten per cent (10%) of the corresponding Hourly Capacity, no Price Supplement for Hourly Capacity Overrun shall be due by the Shipper. For any Hourly Capacity Overrun in excess of ten per cent (10%) and less than or equal to twenty per cent (20%) of the said Hourly Delivery Capacity, a Price Supplement linked to the Hourly Delivery Capacity Overrun shall be due by the Shipper, calculated as follows: Where: • CPDCHL is the Price Supplement for the relevant Hourly Capacity Overrun, • PUQCHL is the daily unit price for the relevant Hourly Delivery Capacity for the relevant Day, • DCH is the Hourly Capacity Overrun corresponding to the relevant Hourly Capacity, • CHL is the value of the relevant Hourly Delivery Capacity, For any Hourly Capacity Overrun in excess of twenty per cent (20%) of the said Hourly Delivery Capacity, a Price Supplement linked to the Hourly Delivery Capacity Overrun shall be due by the Shipper, calculated as follows: CPDCHL = PUQCHL x ( (0.10 x CHL) x 45 + (DCH – 0.20 x CHL) x 90) where CPDCHL, PUQCHL, DCH and CHL have the same definitions as above.