Common use of Accounting segregation Clause in Contracts

Accounting segregation. 1. Each Party shall provide that the determination of whether fungible goods or materials are originating shall be made through physical segregation of each good or material, or through the use of any inventory management method, such as averaging, last-in, first- out or first-in, first out, recognised in the generally accepted accounting principles of the Party in which the production is performed, or otherwise accepted by the Party in which the production is performed.

Accounting segregation. 1. Each Party shall provide that the determination of whether fungible goods products or materials are originating products shall be made through ordinarily by physical segregation of each good product or material; or, or through the use in case of any difficulty, an inventory management method, such as averaging, last-in, first- out first-out, or first-in, first out, recognised in the generally accepted accounting principles GAAP of the Party in which the production is performed, or otherwise accepted by the Party in which the production is performed.