Common use of Inspection of metering equipment Clause in Contracts

Inspection of metering equipment. a) The checks/inspection of metering equipment and confirmation of metering equipment accuracy must comply with power-metering regulations and be performed by competent or authorized organization(s). Inspection(s) should be done before the first-time operation of metering equipment. All metering equipment must be sealed, leaded and locked after being inspected, and the Purchaser shall reserve the right to witness this process. b) All the power plant’s metering equipment must be inspected on a yearly basis in accordance with power-metering regulations, and the inspection cost shall be paid by the Seller. If required, a party may propose to inspect the accuracy of any metering equipment, and the inspection cost shall be borne by the proposing party. The inspection results must be notified o the other party upon request. If the metering equipment shows errors, which are greater than the acceptable level as prescribed in metering regulations, the Seller shall be responsible for calibrating or replacing and returning the Purchaser the relevant paid amount plus the interest rate of relevant paid amount (based on the prescribed basic interest rate) and inspection expense(s). Each party shall be notified in advance and reserve the right to appoint person(s) to participate in sealing-off, checking, inspecting and leading/sealing the power meter. If one party finds that the power meter is broken or not working, such party must promptly notify the other party for subsequent checks and repairs by the one who owns the equipment.