ࡱ> _a^y 'bjbj .8{{Xd"d"////////8 0,60/LR0R1h1h1h12:6.7|GLILILILILILIL$fNQ*mL/72277mL//h1h14L<<<7/h1/h1GL<7GL<<?@ Ih1wd96I3LL0LIBQ:BQIIBQ/I877<77777mLmL<777L7777BQ777777777d" .: Acquiring allocated Capacity The Port Operator may agree with one or more Customers to acquire allocated Capacity from those Customers provided that: the procedure set out in clauses [ REF _Ref358976612 \r \h  \* MERGEFORMAT (b)] to [ REF _Ref359927150 \r \h (i)] (inclusive) is complied with; the Port Operator reasonably considers that the decision to acquire the allocated Capacity: is for the purpose of conducting preventative maintenance, alterations or capital works at the Port Terminal Facility, which will effect shipping operations at the relevant Port; or be for the purpose of materially reducing forecast congestion at a Port Terminal Facility at a future date; or is based on the operation of a Port Terminal Facility being significantly impacted due to one or more of the following operational factors or supply chain disruptions: the disruption of rail services to a Port Terminal Facility; the closure of a Port Terminal Facility due to mechanical breakdown; a closure of a Port Terminal Facility due to a direction from a Port Authority; or a Port Blockage, and the decision to acquire allocated Capacity would not be inconsistent with clause 6 (Non-discriminatory access) and clause 10.8 (No Hindering) of the Undertaking. If the Port Operator wishes to acquire allocated Capacity in accordance with clause [ REF _Ref358983076 \r \h  \* MERGEFORMAT (a)], and subject to clause [ REF _Ref358983185 \r \h  \* MERGEFORMAT (c)], the Port Operator must notify the ԭ in writing and provide a confidential written proposal to acquire allocated Capacity to each Customer with Capacity in the relevant Shipping Slot, which must set out: total amount of allocated Capacity that the Port Operator seeks to acquire in the relevant Shipping Window (Aggregate Target Capacity); the amount of allocated Capacity proposed to be acquired from the Customer (Target Capacity) in the relevant Shipping Window, which will be based on the allocated Capacity held by the Customer prorated by the ratio the Aggregate Target Capacity bears to the total allocated Capacity in the relevant Shipping Window; the reason(s) for proposing to acquire the allocated Capacity from Customers; and the total consideration that the Port Operator would pay the Customer if it were to accept the proposal to acquire all the Target Capacity based on each Customer receiving the same price per tonne; and the average Auction Premium for the auction or auctions in which the Customer acquired the Target Capacity (which would be refunded from the relevant Auction Premium Pool), (the Allocated Capacity Proposal). An Allocated Capacity Proposal will not be provided to any Customer that has already provided a Vessel Nomination in relation to the Capacity that is proposed to be acquired by the Port Operator or has indicated that it is not interested in an Allocated Capacity Proposal. Following receipt of an Allocated Capacity Proposal, a Customer will have the greater of 1 business day and the closing date specified in the Allocated Capacity Proposal in which to notify the Port Operator whether it: will not participate in any Capacity acquisition proposed; or is making an offer, open for 1 business day from the closing date specified in the Allocated Capacity Proposal, in the form contained in the Allocated Capacity Proposal specifying the amount of Capacity (not being greater than the Target Capacity) that the Customer is willing to sell back to the Port Operator (the Customers offer) and indicating whether the Customer wishes to provide the Port Operator an option to acquire more than the Target Capacity and the amount of that Capacity (Option Capacity). The Port Operator must either accept all Customers offers during the period in clause [ REF _Ref359343669 \w \h 1.1(d)(ii)] or none. If the Port Operator accepts all offers and if the Aggregate Target Capacity has not been met, the Port Operator may accept any Option Capacity offers, spread pro-rateably amongst the Customers' offering Option Capacity; In the event the Port Operator does not accept any of the Customer offers submitted under clause [ REF _Ref359344483 \r \h  \* MERGEFORMAT (d)], the Port Operator may provide a revised Allocated Capacity Proposal which sets out: the revised total amount of allocated Capacity that the Port Operator seeks to acquire in the relevant Shipping Window (Revised Aggregate Target Capacity), which may be the same as the initial Aggregate Target Capacity; a revised amount of allocated Capacity that the Port Operator seeks to acquire from the Customer in the relevant Shipping Window (Revised Target Capacity), which will be based on the allocated Capacity held by the Customer prorated by the ratio the Revised Aggregate Target Capacity bears to the total allocated Capacity in the relevant Shipping Window; or a revised total consideration that the Port Operator would pay the Customer if it accepted the offer for the Revised Target Capacity based on each Customer receiving the same price per tonne; and the average Auction Premium for the auction or auctions in which the Customer acquired the Target Capacity (which would be refunded from the relevant Auction Premium Pool), (a Revised Allocated Capacity Proposal). The Port Operator may vary the amount of the price it elects to offer to Customers under clause [ REF _Ref359339647 \w \h 1.1(f)(iii)] providing it would not be inconsistent with clause 6 (Non-discriminatory access) and clause 10.8 (No Hindering) of the Undertaking. Following receipt of a Revised Allocated Capacity Proposal, a Customer will have the greater of 1 business day and the closing date specified in the Revised Allocated Capacity Proposal in which to notify the Port Operator as required under clause  REF _Ref359344483 \w \h 1.1(d). This process may continue until the Port Operator either accepts the Customer offers in accordance with clause  REF _Ref359344617 \w \h 1.1(e) or declines to make any further revisions to the Revised Allocated Capacity Proposals under clause  REF _Ref359344651 \w \h 1.1(f). If the Port Operator acquires allocated Capacity from a Customer in accordance with this clause [ REF _Ref359340032 \r \h 1.1], a Customer will not be liable for Lost Capacity. The Port Operator may, but is not obliged, to agree with a Customer to move any Capacity parcel less than [20,000 tonnes] that is uncommercial following acquisition of allocated Capacity to another shipping window or Port provided that it would not have the effect of any Customer incurring materially greater demurrage at the relevant Port than would have been the case if that Capacity had not been moved. The Port Operator will not acquire allocated Capacity from a Customer if that Capacity would be considered Lost Capacity under these rules. Following the completion of the acquisition process as set out in this clause [ REF _Ref359340032 \r \h 1.1] , within 5 business days from the time the Port Operator either accepts the Customer offers in accordance with clause [ REF _Ref359344617 \w \h 1.1(e)] or declines to make any further revisions to the Allocated Capacity Proposals under clause  REF _Ref359344651 \w \h 1.1(f), the Port Operator will provide a notice to the ԭ, which will set out the results of the Allocated Capacity Proposals and Revised Allocated Proposals (if any) provided to Customers. Port Blockage means the situation where a Port Terminal Facility is unable to either receive additional Grain and/or load Grain onto a Nominated Vessel due to a delay in the loading of the previous Vessel, caused by circumstances such as the previous Vessel(s) failing regulatory survey, regulatory impediments to exports, the grain to be loaded fails or likely to fail AQIS requirements or a disruption in the upcountry supply chain.      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