Dockage Fee

Dominion Terminal Associates

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DOCKAGE FEE TERMS

SHIPS:

	Effective April 1, 2008 vessel dockage fees will be increased to $0.45 per GRT for the first 24 hours. For time exceeding 24 hours, the charge will be at the same rate, but prorated for each hour or part thereof (i.e. $0.01875 per GRT per hour or part of an hour).
	Agents for ships shall deposit with DTA a check, drawn on a U.S. bank, in the amount of the 24 hour fee ($0.45 per GRT) prior to commencement of loading or discharge. In its sole discretion, DTA may accept a written guarantee of payment from the agent.
	All other provisions for ships currently in effect remain in effect.

BARGE:

Effective April 1, 2008 barge dockage fees will be increased to $0.225 per GRT for the first 12 hours and $0.01875 per GRT per hour or part of an hour.

GRT: The current edition of Lloyd’s Register of Shipping, Certificate of Registry, or Certificate of Documentation will be used to establish GRT.

TIME: Time commences when the vessel is made fast to the pier and ceases when the vessel has vacated the berth. Once loading or discharge is completed, the vessel shall vacate the pier (except in cases when deep draft vessels are waiting for sufficient tide height), unless other arrangements have been made with DTA. Time for dockage fees shall run, except:

	When DTA requests the vessel to come to the pier early for DTA’s convenience, then time commences upon start of the loading operations.
	When DTA interrupts loading or discharge (not due to delays or slowness caused by the vessel) in order to load another vessel, the time of interruption shall be excluded.
	If, for DTA’s convenience, DTA partially loads a vessel and suspends loading waiting for the arrival of additional coals needed, such time of suspension shall be excluded. This provision shall not require DTA to commence loading of vessels prior to the availability of all needed coals; or
	If the time of loading or discharging from a vessel has been extended due to breakdowns in DTA’s equipment or other delays caused by DTA, such time shall be excluded.

DEPOSIT: Agents for ships shall deposit with DTA a check, drawn on a U.S. bank, in the amount of the 24-hour fee ($0.35 per GRT) prior to commencement of loading or discharging. In its sole discretion, DTA may accept a written guarantee of payment from the agent.

BILLING & PAYMENT: DTA must receive payment in U.S. funds, either by check or by wire transfer, within 30 days of invoice date. If there is disagreement as to the correctness of the billing, the undisputed portion shall be paid on a timely basis, and DTA shall be notified of the disputed amount and reasons therefore. Past due payments will accrue interest at the rate of 1 ½% per month. If payment is more than 30 days past due, DTA shall have the right to deny any vessel access to its pier.

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