Fungible Materials and Goods Sample Clauses

Fungible Materials and Goods. 1. For the purposes of determining whether a material or good is an originating material or good, any fungible material or good shall be distinguished by:
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Fungible Materials and Goods. For the purpose of determining whether a good is an originating good, if:
Fungible Materials and Goods. For purposes of determining whether a good is originating where in its production originating and non- originating fungible materials are used and they physically mixed or combined, the origin of the materials may be determined by: The physical separation of each of the materials, or The use of a method for managing stocks recognized in the Generally Accepted Accounting Principles of the Party in which the production is performed When originating and non-originating fungible goods are physically mixed or combined and, prior to their exportation do not undergo any production process or any other operation in the territory of the Party in which they were physically mixed or combined, other than the unloading, reloading or any other necessary operation to keep the goods in good condition or to transport them to the territory of other Party, the origin of the goods may be determined by: The physical separation of each of the materials, or The use of a method for managing stocks recognized in the Generally Accepted Accounting Principles of the Party in which such production is performed. Once one of the methods of inventory control has been selected, it must be used during the fiscal year of the Party in which the production is performed.

Related to Fungible Materials and Goods

  • Quality of Materials and Workmanship The Contractor shall ensure that the Construction, Materials and workmanship are in accordance with the requirements specified in this Agreement, Specifications and Standards and Good Industry Practice.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • SHOP DRAWINGS, PRODUCT DATA AND SAMPLES 4.12.1 Shop Drawings are drawings, diagrams, schedules and other, data specially prepared for the Work by the Contractor or any Subcontractor, manufacturer, supplier or distributor to illustrate some portion of the Work.

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