ECOLOGICAL CONTROL. In performing work hereunder, THE ASSOCIATE should comply with the provisions of the National Code for Renewable Natural Resources and Environmental Protection and other legal provisions on this matter. THE ASSOCIATE undertakes to carry out a permanent prevention plan to guarantee conservation and restoration of natural resources within the zones where it carries out Exploration, development and transport hereunder. THE ASSOCIATE should make these plans and programs known to the communities and to national and regional entities involved in this matter. Likewise, specific contingency plans should be established to deal with emergencies and take pertinent remedial action. To this end, THE ASSOCIATE should coordinate plans and action with the authorized entities. THE ASSOCIATE must prepare the respective Budgets and programs as set out in the pertinent clauses of this contract. All costs incurred shall be assumed by THE ASSOCIATE in the Exploration Period and in sole risk operations during the Exploitation Period. During the Exploitation Period these costs will be charged to the Joint Account and shared by both Parties. ROSABLANCA ASSOCIATION CONTRACT - with Gas Incentives Page 36. -------------------------------------------------------------------------------- CLAUSE 31 - TAXES, LEVIES AND OTHERS Taxes and levies related to Hydrocarbon production, caused after the Joint Account has been set up but before the Parties receive their production share, shall be charged to the Joint Account. Each Party shall be exclusively liable for its own taxes on income, capital and similar. 32.1 When THE ASSOCIATE is Operator, it should consult ECOPETROL before appointing the Manager for Operator. 32.2 According to the terms hereof, and subject to norms to be established, Operator shall be free to appoint the personnel needed for operations hereunder, and may fix salary, duties, categories and conditions thereof. Operator shall be diligent in training Colombian personnel needed to replace the foreign personnel that it considers necessary for operations hereunder. In any case, Operator shall comply with legal provisions on the proportion of local and foreign personnel.
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ECOLOGICAL CONTROL. In performing work hereunderTHE ASSOCIATE, THE ASSOCIATE should in developing all activities under this contract, shall comply with the all provisions of the National Code for of Renewable Natural Resources and Environmental Protection of the Environment and other legal provisions dispositions on this mattersubject. To this end, THE ASSOCIATE undertakes to carry out shall implement a permanent prevention preventive plan to guarantee conservation assure the preservation and restoration of the natural resources within the zones where it carries out Explorationareas in which the exploration, development exploitation and transport hereundertransportation work is realized as provided for in this contract. Said plans and schedules must be divulged by THE ASSOCIATE should make these plans and programs known to the communities and to national and regional communities and entities involved in this matter. Likewise, specific contingency plans should must be established developed to deal with respond to emergencies and take pertinent to implement remedial action. To this end, THE ASSOCIATE should coordinate plans and action with the authorized entitiesactions. THE ASSOCIATE must prepare shall coordinate said plans and actions with the respective Budgets appropriate entities. Schedules and programs as set out budget pertaining to said plans shall be prepared by the Associate in the accordance with pertinent clauses of this contract. All costs incurred thus generated shall be assumed by THE ASSOCIATE in during the Period of Exploration Period and in sole risk operations by Both Parties, chargeable to the Joint Account, during the Exploitation Periodperiod. During CLAUSE 31743 TAXES, CHARGES AND OTHERS Any taxes and charges accrued after the Exploitation Period these costs will be charged to establishment of the Joint Account and shared by both Parties. ROSABLANCA ASSOCIATION CONTRACT - with Gas Incentives Page 36. -------------------------------------------------------------------------------- CLAUSE 31 - TAXES, LEVIES AND OTHERS Taxes and levies related to Hydrocarbon production, caused after the Joint Account has been set up but before the Parties receive their production share, related to Oil exploitation, shall be charged to the Joint Account. Each Party Revenue, capital gains and related taxes shall be exclusively liable for its own taxes on income, capital and similarpayable by each Party as applicable to each one.
32.1 When THE ASSOCIATE is shall designate the Operator, it should consult ECOPETROL before appointing the 's Manager for Operatorafter consultation with ECOPETROL.
32.2 According Pursuant to the terms hereof, of this contract and subject to the norms to be establishedestablished thereof, the Operator shall be free to appoint have autonomy in appointing the personnel needed required for the operations hereunderthereunder, and may fix salaryshall be able to determine their remuneration, duties, categories rank, number and conditions thereofconditions. The Operator shall be diligent in training adequately and diligently train said Colombian personnel needed as may be required to replace foreign personnel, as Operator deems necessary to perform the foreign personnel that it considers necessary for operations hereunder. In any caseNevertheless, the Operator shall comply with legal provisions on all regulations of law governing the proportion of local national and foreign personnelemployees and laborers.
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ECOLOGICAL CONTROL. In performing work hereunder, THE ASSOCIATE should comply with the provisions of the National Code for Renewable Natural Resources and Environmental Protection and other legal provisions on this matter. THE ASSOCIATE undertakes to carry out a permanent prevention plan to guarantee conservation and restoration of natural resources within the zones where it carries out Exploration, development and transport hereunder. THE ASSOCIATE should make these plans and programs known to the communities and to national and regional entities involved in this matter. Likewise, specific contingency plans should be established to deal with emergencies and take pertinent remedial action. To this end, THE ASSOCIATE should coordinate plans and action with the authorized entities. THE ASSOCIATE must prepare the respective Budgets and programs as set out in the pertinent clauses of this contract. All costs incurred shall be assumed by THE ASSOCIATE in the Exploration Period and in sole risk operations during the Exploitation Period. During the Exploitation Period these costs will be charged to the Joint Account and shared by both Parties. ROSABLANCA ASSOCIATION CONTRACT - with Gas Incentives Page 36. -------------------------------------------------------------------------------- CLAUSE 31 - TAXES, LEVIES AND OTHERS Taxes Xxxxx and levies related to Hydrocarbon production, caused after the Joint Account has been set up but before the Parties receive their production share, shall be charged to the Joint Account. Each Party shall be exclusively liable for its own taxes on income, capital and similar.
32.1 When THE ASSOCIATE is Operator, it should consult ECOPETROL before appointing the Manager for Operator.
32.2 According to the terms hereof, and subject to norms to be established, Operator shall be free to appoint the personnel needed for operations hereunder, and may fix salary, duties, categories and conditions thereof. Operator shall be diligent in training Colombian personnel needed to replace the foreign personnel that it considers necessary for operations hereunder. In any case, Operator shall comply with legal provisions on the proportion of local and foreign personnel.
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ECOLOGICAL CONTROL. In performing work hereunder, THE ASSOCIATE should comply with the provisions of the National Code for Renewable Natural Resources and Environmental Protection and other legal provisions on this matter. THE ASSOCIATE undertakes to carry out a permanent prevention plan to guarantee conservation and restoration of natural resources within the zones where it carries out Exploration, development and transport hereunder. THE ASSOCIATE should make these plans and programs known to the communities and to national and regional entities involved in this matter. Likewise, specific contingency plans should be established to deal with emergencies and take pertinent remedial action. To this end, THE ASSOCIATE should coordinate plans and action with the authorized entities. THE ASSOCIATE must prepare the respective Budgets and programs as set out in the pertinent clauses of this contract. All costs incurred shall be assumed by THE ASSOCIATE in the Exploration Period and in sole risk operations during the Exploitation Period. During the Exploitation Period these costs will be charged to the Joint Account and shared by both Parties. ROSABLANCA ASSOCIATION CONTRACT - with Gas Incentives Page 36. -------------------------------------------------------------------------------- CLAUSE 31 - TAXES, LEVIES AND OTHERS Taxes and levies related to Hydrocarbon production, caused after the Joint Account has been set up but before the Parties receive their production share, shall be charged to the Joint Account. Each Party shall be exclusively liable for its own ow taxes on income, capital and similar.
32.1 When THE ASSOCIATE is Operator, it should consult ECOPETROL before appointing the Manager for Operator.
32.2 According to the terms hereof, and subject to norms to be established, Operator shall be free to appoint the personnel needed for operations hereunder, and may fix salary, duties, categories and conditions thereof. Operator shall be diligent in training Colombian personnel needed to replace the foreign personnel that it considers necessary for operations hereunder. In any case, Operator shall comply with legal provisions on the proportion of local and foreign personnel.
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