Common use of Fungible Goods and Materials Clause in Contracts

Fungible Goods and Materials. 1. Each Party shall provide that the person claiming preferential tariff treatment for a good may claim that a fungible good or material is originating based on either the physical segregation of each fungible good or material, or through the use of any inventory management method, such as averaging, last-in, first-out, or first-in, first-out, recognized 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.

Fungible Goods and Materials. 1. Each Party shall provide that to the person claiming requesting preferential tariff treatment for a good may claim request that a fungible good or material is based, fungible goods originating based on in either the a physical segregation of each fungible good or material, material or through the use of any method of fungible inventory management method, such as averaging, last-in, first-out, or first-in, first-outaverage method that comes first sale method first come first sale, recognized in the Generally Accepted Accounting Principles generally accepted accounting principles of the Party party which is performed in which the production is performed or otherwise accepted by the Party in which the production is performed.