Common use of Storage and Handling Charges Clause in Contracts

Storage and Handling Charges. 15.1.1. Subject to the provisions of this Agreement, the Concessionaire upon achieving COD for the Project and Completion Certificate having been issued, and in consideration of the Concessionaire performing and discharging its obligations in accordance with the terms, conditions and covenants set forth in this Agreement, Authority shall pay to the Concessionaire the Storage and Handling Charges as per provisions of this Agreement from the COD to the Terminal Date or till Termination Date, whichever is earlier. 15.1.2. In the event, COD is earlier than the SCOD, the Authority may, at its sole discretion, start utilizing the Silo Complex against payment of the Storage and Handling Charges. 15.1.3. The Storage and Handling Charge payable by the Authority to the Concessionaire shall have the following components to be calculated as per Schedule I : a) Fixed Storage Charge; b) Variable Charge; c) Handling Charges; and d) Service Tax, as applicable under service tax rules and provided the Concessionaire is having a valid service tax registration. 15.1.4. The payment towards the Fixed Storage Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Fixed Storage Charges shall be payable on the Capacity of the Silo Complex, irrespective of the actual usage of the Silo Complex by the Authority but subject to the Availability of the facility. The Fixed Storage Charge, in Rupees per ton per year, to be quoted by the successful bidder will not be indexed till COD and will be applicable for the first financial year of operation (Base unit rate of Fixed Storage Charge). The applicable Fixed Storage Charge for the subsequent Accounting Year shall be determined by decreasing the Base unit rate of Fixed Storage Charge for the immediately preceding Accounting Year by 2% (two per cent) thereof. For the avoidance of doubt, the Fixed Storage Charge for the second and third Accounting Year shall be a sum equal to 98% (ninety eight per cent) and 96.04% (ninety six point zero four per cent) respectively of the amount quoted by the successful bidder. The payment towards Storage Charges shall be made on a monthly basis.

Storage and Handling Charges. 15.1.1. Subject to the provisions of this Agreement, the Concessionaire upon achieving COD for the Project and Completion Certificate having been issued, and in consideration of the Concessionaire performing and discharging its obligations in accordance with the terms, conditions and covenants set forth in this Agreement, Authority shall pay to the Concessionaire the Storage and Handling Charges as per provisions of this Agreement from the COD to the Terminal Date or till Termination Date, whichever is earlier. 15.1.2. In the event, COD is earlier than the SCOD, the Authority may, at its sole discretion, start utilizing the Silo Complex against payment of the Storage and Handling Charges. 15.1.3. The Storage and Handling Charge payable by the Authority to the Concessionaire shall have the following components to be calculated as per Schedule I : a) Fixed Storage Charge; b) Variable Charge; c) Handling Charges; and d) Goods and Service Tax, as applicable under service tax rules GST Law and provided the Concessionaire is having a valid service tax GST registration. 15.1.4. The payment towards the Fixed Storage Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Fixed Storage Charges shall be payable on the Capacity of the Silo Complex, irrespective of the actual usage of the Silo Complex by the Authority but subject to the Availability of the facility. The Fixed Storage Charge, in Rupees per ton per year, to be quoted by the successful bidder will not be indexed till COD and will be applicable for the first financial year of operation (Base unit rate of Fixed Storage Charge). The applicable Fixed Storage Charge for the subsequent Accounting Year shall be determined by decreasing the Base unit rate of Fixed Storage Charge for the immediately preceding Accounting Year by 2% (two per cent) thereof. For the avoidance of doubt, the Fixed Storage Charge for the second and third Accounting Year shall be a sum equal to 98% (ninety eight per cent) and 96.04% (ninety six point zero four per cent) respectively of the amount quoted by the successful bidder. The payment towards Storage Charges shall be made on a monthly basis. 15.1.5. The Variable Charge for storage of Foodgarins shall be Rs. 0.616 (Rupees zero point six one six) per xxxxxxx per month for Foodgrains actually stored in the Storage Facility for any month or part thereof in the Accounting Year in which COD occurs. It is clarified that the variable charge of Rs. 0.616 per xxxxxxx per month will not be changed/indexed till COD. The payment towards the Variable Charges to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Variable Charge for the first financial year of Operation Period shall be as mentioned in Schedule I and which shall be then the base for calculating the Variable Charge in the subsequent year. The total payment towards Variable Charge in a period shall be based on the actual quantity of Food Grain stored in the Silo Complex for any month or part thereof. The payment towards Variable Charges shall be made on a monthly basis. Quantity of food grains in the month is to be determined by computing the daily average of actual quantity stored in Silo Complex over the month 15.1.6. The payment towards the Handling Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Handling Charges shall be provided for unloading, debagging, drying, cleaning, bagging and loading of Food Grains, and such other services as may be mutually agreed between the Parties, in accordance with the provisions of this Agreement. The payment towards Handling Charges shall be made on a monthly basis. 15.1.7. In the event of Actual Availability is above the level of Normative Availability, as stipulated in Schedule–F, the same shall be considered as excess and the Concessionaire shall be eligible to receive Incentives from the Authority as stipulated in Schedule J. The excess shall be measured as Actual Availability less Normative Availability, where the Actual Availability shall be calculated as per methodology prescribed in Clause 11.9.

Storage and Handling Charges. 15.1.1. Storage and Handling Charges Subject to the provisions of this Agreement, the Concessionaire upon achieving COD for the Project and Completion Certificate having been issued, and in consideration of the Concessionaire performing and discharging its obligations in accordance with the terms, conditions and covenants set forth in this Agreement, the Authority shall pay to the Concessionaire the Storage and Handling Charges as per provisions of this Agreement from the COD to the Terminal Date or till Termination Date, whichever is earlier. 15.1.2. In the event, COD is achieved earlier than the SCODScheduled Completion Date, the Authority may, at its sole discretion, start utilizing the Silo Complex Storage Facility against payment of the Storage and Handling Charges. 15.1.3. The Storage and Handling Charge payable by the Authority to the Concessionaire shall have the following components to be calculated as per Schedule I : a) Fixed Storage Charge; b) ; Variable Charge; c) ; Bag Handling Charges; and d) and Service Tax, as applicable under service tax rules and provided the Concessionaire is having a valid service tax registration. 15.1.4. The monthly Fixed Storage Charge for the Accounting Year in which COD occurs shall be the product of Rs. 66.04 (Rupees Sixty Six and Four paise) and the Normative Availability for and in respect of the Normative Availability of Storage Capacity for the relevant month. It is clarified that the Fixed Storage Charge of Rs. 66.04 per MT per month will not be changed/indexed till COD. By way of illustration, it is clarified that if COD occurs in Accounting Year 2018-19, the Fixed Storage Charge of Rs. 66.04 would be payable for Accounting Year 2018-19. However, for second Accounting year from COD (FY 2019-20), the total variation in the price index shall be taken into account from the base index year (2012-13) for which the base Fixed Storage Charge are Rs. 57.50 per MT per month duly factoring the annual escalation over the years as per the Price Index. For the subsequent years, the Fixed Storage Charge shall be revised annually in accordance with the provision of this Article 25. The above benefit or indexation during the period of construction will be available for only a maximum of One and Half years (540 days) from the Appointed date and rates arrived at for the scheduled COD will be frozen till the actual COD and for subsequent years only annual revision will be admissible from the rate which was frozen on the scheduled COD. For the avoidance of doubt, the Parties agree that the Fixed Storage Charge for a part of any month shall be determined on a proportionate basis. By way of illustration, the Parties agree that if the Normative Availability is 9,800 MT, the Fixed Storage Charge shall be the product of Rs. 66.04 and 9,800 i.e. (Rs. 6,47,145 (Rupees Six lakh Forty Seven thousand and One hundred Forty Five only). The Variable Charge for storage of Food Grains shall be Rs. 0.57 (Fifty seven paise) per xxxxxxx per month [i.e. Rs 5.7 per MT per month] for Food Grains actually stored in the Storage Facility for any month or part thereof in the Accounting Year in which COD occurs. In case of rice storage, following additional charges shall be payable by the Authority to the Concessionaire An initial chilling charge of Rs. 43 (Rupees Forty three) per ton, for each rice Silo bin, whether fully or partly occupied, when rice is received at the Project Facility Maintenance chilling charge of Rs. 38 (Rupees Thirty eight) per ton per year, for each rice Silo bin whether fully or partly occupied, for any month or part thereof in the Accounting Year The payment towards the Fixed Storage Bag Handling Charge to be made to the Concessionaire by the Authority shall be calculated is as per Schedule I. The Fixed Storage Charges shall be payable on the Capacity of the Silo Complex, irrespective of the actual usage of the Silo Complex by the Authority but subject to the Availability of the facility. The Fixed Storage Charge, in Rupees per ton per year, to be quoted by the successful bidder will not be indexed till COD and will be applicable for the first financial year of operation (Base unit rate of Fixed Storage Charge). The applicable Fixed Storage Charge for the subsequent Accounting Year shall be determined by decreasing the Base unit rate of Fixed Storage Charge for the immediately preceding Accounting Year by 2% (two per cent) thereof. For the avoidance of doubt, the Fixed Storage Charge for the second and third Accounting Year shall be a sum equal to 98% (ninety eight per cent) and 96.04% (ninety six point zero four per cent) respectively of the amount quoted by the successful bidder. The payment towards Storage Charges shall be made on a monthly basis.follows:

Storage and Handling Charges. 15.1.1. Subject to the provisions of this Agreement, the Concessionaire upon achieving COD for the Project and Completion Certificate having been issued, and in consideration of the Concessionaire performing and discharging its obligations in accordance with the terms, conditions and covenants set forth in this Agreement, Authority shall pay to the Concessionaire the Storage and Handling Charges as per provisions of this Agreement from the COD to the Terminal Date or till Termination Date, whichever is earlier. 15.1.2. In the event, COD is earlier than the SCOD, the Authority may, at its sole discretion, start utilizing the Silo Complex against payment of the Storage and Handling Charges. 15.1.3. The Storage and Handling Charge payable by the Authority to the Concessionaire shall have the following components to be calculated as per Schedule I : a) Fixed Storage Charge; b) Variable Charge; c) Handling Charges; and d) Goods and Service Tax, as applicable under service tax rules GST Law and provided the Concessionaire is having a valid service tax GST registration. 15.1.4. The payment towards the Fixed Storage Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Fixed Storage Charges shall be payable on the Capacity of the Silo Complex, irrespective of the actual usage of the Silo Complex by the Authority but subject to the Availability of the facility. The Fixed Storage Charge, in Rupees per ton per year, to be quoted by the successful bidder will not be indexed till COD and will be applicable for the first financial year of operation (Base unit rate of Fixed Storage Charge). The applicable Fixed Storage Charge for the subsequent Accounting Year shall be determined by decreasing the Base unit rate of Fixed Storage Charge for the immediately preceding Accounting Year by 2% (two per cent) thereof. For the avoidance of doubt, the Fixed Storage Charge for the second and third Accounting Year shall be a sum equal to 98% (ninety eight per cent) and 96.04% (ninety six point zero four per cent) respectively of the amount quoted by the successful bidder. The payment towards Storage Charges shall be made on a monthly basis. 15.1.5. The Variable Charge for storage of Foodgarins shall be Rs. 0.57 (Rupees zero point five seven) per xxxxxxx per month for Foodgrains actually stored in the Storage Facility for any month or part therof in the Accounting Year in which COD occurs. It is clarified that the variable charge of Rs. 0.57 per xxxxxxx per month will not be changed/indexed till COD. The payment towards the Variable Charges to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Variable Charge for the first financial year of Operation Period shall be as mentioned in Schedule I and which shall be then the base for calculating the Variable Charge in the subsequent year. The total payment towards Variable Charge in a period shall be based on the actual quantity of Food Grain stored in the Silo Complex for any month or part thereof. The payment towards Variable Charges shall be made on a monthly basis. Quantity of food grains in the month is to be determined by computing the daily average of actual quantity stored in Silo Complex over the month 15.1.6. The payment towards the Handling Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Handling Charges shall be provided for unloading, debagging, drying, cleaning, bagging and loading of Food Grains, and such other services as may be mutually agreed between the Parties, in accordance with the provisions of this Agreement. The payment towards Handling Charges shall be made on a monthly basis. 15.1.7. In the event of Actual Availability is above the level of Normative Availability, as stipulated in Schedule–F, the same shall be considered as excess and the Concessionaire shall be eligible to receive Incentives from the Authority as stipulated in Schedule J. The excess shall be measured as Actual Availability less Normative Availability, where the Actual Availability shall be calculated as per methodology prescribed in Clause 11.9.

Storage and Handling Charges. 15.1.1. Storage and Handling charges Subject to the provisions of this Agreement, the Concessionaire upon achieving COD for the Project and Completion Certificate having been issued, and in consideration of the Concessionaire performing and discharging its obligations in accordance with the terms, conditions and covenants set forth in this Agreement, Authority shall pay to the Concessionaire the Storage and Handling Charges as per provisions of this Agreement from the COD to the Terminal Date or till Termination Date, whichever is earlier. 15.1.2. In the event, COD is earlier than the SCOD, the Authority may, at its sole discretion, start utilizing the Silo Complex against payment of the Storage and Handling Charges. 15.1.3. The Storage and Handling Charge payable by the Authority to the Concessionaire shall have the following components to be calculated as per Schedule I : a) : Fixed Storage Charge; b) ; Variable Charge; c) ; Handling Charges; and d) and Goods and Service Tax, as applicable under service tax rules GST Law and provided the Concessionaire is having a valid service tax GST registration. 15.1.4. The payment towards the Fixed Storage Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Fixed Storage Charges shall be payable on the Capacity of the Silo Complex, irrespective of the actual usage of the Silo Complex by the Authority but subject to the Availability of the facility. The Fixed Storage Charge, in Rupees per ton per year, to be quoted by the successful bidder will not be indexed till COD and will be applicable for the first financial year of operation (Base unit rate of Fixed Storage Charge). The applicable Fixed Storage Charge for the subsequent Accounting Year shall be determined by decreasing the Base unit rate of Fixed Storage Charge for the immediately preceding Accounting Year by 2% (two per cent) thereof. For the avoidance of doubt, the Fixed Storage Charge for the second and third Accounting Year shall be a sum equal to 98% (ninety eight per cent) and 96.04% (ninety six point zero four per cent) respectively of the amount quoted by the successful bidder. The payment towards Storage Charges shall be made on a monthly basis. The Variable Charge for storage of Foodgarins shall be Rs. 0.616 (Rupees zero point six one six) per xxxxxxx per month for Foodgrains actually stored in the Storage Facility for any month or part thereof in the Accounting Year in which COD occurs. It is clarified that the variable charge of Rs. 0.616 per xxxxxxx per month will not be changed/indexed till COD. The payment towards the Variable Charges to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Variable Charge for the first financial year of Operation Period shall be as mentioned in Schedule I and which shall be then the base for calculating the Variable Charge in the subsequent year. The total payment towards Variable Charge in a period shall be based on the actual quantity of Food Grain stored in the Silo Complex for any month or part thereof. The payment towards Variable Charges shall be made on a monthly basis. Quantity of food grains in the month is to be determined by computing the daily average of actual quantity stored in Silo Complex over the month The payment towards the Handling Charge to be made to the Concessionaire by the Authority shall be calculated as per Schedule I. The Handling Charges shall be provided for unloading, debagging, drying, cleaning, bagging and loading of Food Grains, and such other services as may be mutually agreed between the Parties, in accordance with the provisions of this Agreement. The payment towards Handling Charges shall be made on a monthly basis.