Common use of Calculation of Market Price Clause in Contracts

Calculation of Market Price. 10.1.1 The unit selling price of Crude Oil under this Contract shall be the FOB Market Price at the Delivery Point, expressed in Dollars per Barrel and calculated in accordance with this Article 10. 1. A Market Price shall be established for each type of Crude Oil or Crude Oil blend.

Appears in 4 contracts

Samples: Production Sharing Contract, Production Sharing Contract, Production Sharing Contract

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Calculation of Market Price. 10.1.1 The unit selling price per unit of Crude Oil under this Contract shall will be the FOB Market Price at the Delivery Point, expressed in Dollars per Barrel and calculated in accordance with this Article 10. 1. A Market Price shall be established for each type of Crude Oil or Crude Oil blend.

Appears in 1 contract

Samples: Production Sharing Contract

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