Common use of INSPECTION OF STOCK AND RECORDS Clause in Contracts

INSPECTION OF STOCK AND RECORDS. (a) For the purposes of this lease, an authorised person may, at reasonable times — (i) enter the production unit or part thereof; (ii) enter premises occupied by the Lessee where there is stored, or where the authorised person has reasonable cause to believe is stored, a petroleum commodity in respect of which royalty is or has been or, in his opinion, is likely to be payable under this lease; (iii) enter premises occupied by the Lessee where there are, or where he has reasonable cause to believe are kept, records relating to the recovery, processing, storage or sale or other disposal of a petroleum commodity which has been recovered under the Xxxxxx Island Lease; (iv) inspect or take stock of a petroleum commodity; (v) inspect the active operation of the production unit; (vi) inspect the records relating to the drilling, extraction, processing, storage or sale or other disposal of a petroleum commodity recovered from the production unit; (vii) inspect the records relating to any other petroleum commodity which may have passed through the production unit; and (viii) where he has reasonable cause to believe that a person in the production unit or on those premises has information relevant to the authorised person’s inspection, require the person to furnish to the authorised person his name and position and to answer questions put to him relating to that information. (b) An authorised person may make and retain copies of, or extracts from, the records inspected by him under this subclause 2(9). (c) The occupier or person in charge of a production unit or part of a production unit, or of premises referred to in subparagraphs (a)(ii) or (iii) of this subclause 2(9) shall provide an authorised person with all reasonable assistance for the effective exercise of the authorised person’s powers under this subclause, other than transport to and from the production unit. (d) The provisions of paragraphs (g) and (gb) of clause 21 of the Xxxxxx Island Lease shall not apply to any dispute arising out of the exercise of any discretion, whether express or implied, conferred upon the State or the Minister pursuant to this subclause 2(9), but this paragraph shall not limit the other rights and remedies of the parties.

INSPECTION OF STOCK AND RECORDS. (a) For the purposes of this lease, an authorised person may, at reasonable times — (i) enter the production unit or part thereof; (ii) enter premises occupied by the Lessee where there is stored, or where the authorised person has reasonable cause to believe is stored, a petroleum commodity in respect of which royalty is or has been or, in his opinion, is likely to be payable under this lease; (iii) enter premises occupied by the Lessee where there are, or where he has reasonable cause to believe are kept, records relating to the recovery, processing, storage or sale or other disposal of a petroleum commodity which has been recovered under the Xxxxxx Island Lease; (iv) inspect or take stock of a petroleum commodity; (v) inspect the active operation of the production unit; (vi) inspect the records relating to the drilling, extraction, processing, storage or sale or other disposal of a petroleum commodity recovered from the production unit;; page 26 Compare 03 Jan 2003 [01-a0-05] / 21 Dec 2007 [01-b0-02] (vii) inspect the records relating to any other petroleum commodity which may have passed through the production unit; and (viii) where he has reasonable cause to believe that a person in the production unit or on those premises has information relevant to the authorised person’s inspection, require the person to furnish to the authorised person his name and position and to answer questions put to him relating to that information. (b) An authorised person may make and retain copies of, or extracts from, the records inspected by him under this subclause 2(9). (c) The occupier or person in charge of a production unit or part of a production unit, or of premises referred to in subparagraphs (a)(ii) or (iii) of this subclause 2(9) shall provide an authorised person with all reasonable assistance for the effective exercise of the authorised person’s powers under this subclause, other than transport to and from the production unit. (d) The provisions of paragraphs (g) and (gb) of clause 21 of the Xxxxxx Island Lease shall not apply to any dispute arising out of the exercise of any discretion, whether express or implied, conferred upon the State or the Minister pursuant to this subclause 2(9), but this paragraph shall not limit the other rights and remedies of the parties.