IMPORTS AND EXPORTS. Contractor and Operator and respective Sub-Contractors engaged in Petroleum Operations shall be permitted to import, on behalf and for the benefit of ROC, machinery, equipment, vehicles, materials, supplies, consumables and movable property to be used solely for the purpose of carrying out Petroleum Operations and supporting activities. Such imports shall be subject to customs duties and levies and exemptions as provided under the Law. In case Contractor pays such customs duties and/or levies in accordance with the Law, these customs duties and levies shall be considered as Petroleum Costs.
Appears in 4 contracts
Samples: Development and Production Contract, Development and Production Contract, Development and Production Contract
