Documentation Required to be Submitted by the Contractor Sample Clauses

Documentation Required to be Submitted by the Contractor. (a) The Contractor shall keep the accounts, operating records, reports, and statements relating to the Petroleum Operations: (i) in accordance with the terms of the Agreement and this Accounting 'Procedure; and (ii) in such form as may be agreed from time to time between the Parties which shall identify the categories of costs, expenses, expenditures and credits classified in Sections 2 and 3 of this Annex. (b) Pursuant to (a) above, the Contractor shall make quarterly Statements relating to the Petroleum Operations including: (i) Production Statement (see Section 5 of this Annex). (ii) Value of Production and Pricing Statement (see Section 6 of this Annex). (iii) Statement of Expenditures and Receipts (see Section 7 of this Annex) (iv) Cost Recovery Statement (see Section 8 of this Annex) (v) End-of-Year Statement (see Section 9 of this Annex). (vi) Budget Statement (see Section 10 of this Annex).
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Documentation Required to be Submitted by the Contractor. (a) Within thirty (30) days of the Effective Date, the Contractor shall submit to and discuss with the Minister and TPDC a proposed outline of charts of accounts, operating records and reports, which outline shall reflect each of the categories and sub-categories of costs and expenditures specified in Sections 2 and 3 below and shall be in accordance with generally accepted and recognised accounting systems and consistent with normal practice for joint venture operations of the international petroleum industry. Within ninety (90) days of receiving the above submission the Minister in consultation with TPDC shall either indicate approval of the proposal or request revisions to the proposal. Within one hundred and eighty (180) days after the Effective Date of the Agreement, the Contractor and the Minister in consultation with TPDC shall agree on the outline of charts of accounts, operating records and reports which shall describe the basis of the accounting system and procedures to be developed and used under the Agreement. Following such agreement the Contractor shall expeditiously prepare and provide the Minister and TPDC with formal copies of the comprehensive charts of accounts related to the accounting, recording and reporting functions, and allow the Minister and TPDC to examine the manuals and to review procedures which are, and shall be, observed under the Agreement. (b) Notwithstanding the generality of the foregoing, the Contractor shall make regular Statements to the Minister and TPDC relating to the Petroleum Operations. These Statements are: (i) Production Statement (see Section 5 of this Annex). (ii) Value of Production, Pricing and Royalty payable Statement (see Section 6 of this Annex). (iii) Statement of Expenditures and Receipts (see Section 7 of this Annex). (iv) Cost Recovery Statement (see section 8 of this Annex). (v) End-of-Year-Statement (see Section 9 of this Annex). (vi) Budget Statement (see Section 10 of this Annex). (c) All reports and Statements shall be prepared in accordance with the Agreement, the laws of Tanzania and, where there are no relevant provisions in either of these, in accordance with the normal practice of the international petroleum industry.
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Documentation Required to be Submitted by the Contractor. (a) The Contractor shall keep the accounts, operating records, reports, and statements relating to the Petroleum Operations:
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Related to Documentation Required to be Submitted by the Contractor

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