Common use of Currency and Place of Payment Clause in Contracts

Currency and Place of Payment. 19.1 Bills rendered under this Agreement shall be rendered in the currency of the billing Party, or the currency in which the cost was incurred provided that such currency is a currency of the Terminal Party or as specified in the Supply Contract. Bills shall be payable in the currency in which the xxxx is rendered or as designated by the Management Committee to the designated office or account of the payee.

Currency and Place of Payment. 19.1 16.1 Bills rendered under this Agreement shall be rendered in the currency of the country of the billing Party, or the currency in which the cost was incurred provided that such currency is a currency of the a Terminal Party or as specified in the Supply Contract. Bills shall be payable in US currency (US$) regardless of the currency in which the xxxx is rendered or at an exchange rate as designated determined by the F & C Subcommittee. The Management Committee may vary these procedures at its discretion. Bills shall be payable to the designated office or account of the payeebilling Party.