Inventory Accounting. The costs of non-capital items purchased for inventory will be recoverable at such time the items have landed in Indonesia.
Inventory Accounting. Any costs of articles bought for inventory will be recoverable as from the Calendar Year in which such materials and equipment have been used in the Petroleum Operations in the Contract Area.
Inventory Accounting. The Parties agree to follow Owner’s inventory accounting policies on a per Dome basis with respect to FOB deliveries of Biomass terminaled hereunder to any customers of Customer, which may vary by Dome and shall be FIFO unless Customer is notified otherwise.
Inventory Accounting. All costs of articles bought for inventory will be recoverable from the Calendar Year in which the materials and equipment were used in Petroleum Operations in the Contract Area. ARTICLE3 OTHER CLASSIFICATION OF COSTS AND EXPENDITURES (Accounting methods to estimate Income Tax liability) During any Calendar Year in which Oil Operations occur, the Costs of Oil Operations will include the following:
Inventory Accounting. The costs of non-capital items purchased for -------------------- inventory will be recoverable in the year the items have been landed in the Republic of Equatorial Guinea. The CONTRACTOR shall present two types of inventories, one for non-capital assets or articles and another for capital assets or articles.
Inventory Accounting. The Company shall, and shall cause each of its Subsidiaries to, account for their inventory on the basis of the "LIFO" method of accounting; provided, that they may change to the "FIFO" method of -------- inventory accounting, if such method is then permitted by GAAP and if the provisions of paragraph 6A are amended in such manner as the Majority Holders shall consider necessary in the reasonable judgment to maintain the same standards of creditworthiness.
Inventory Accounting. Inventory levels shall be based on normal good oilfield practice. The value of inventory items used outside the contract area or sold, the cost of which has been recovered as an operating cost, shall be treated as miscellaneous receipts in accordance with subsection 8 of this Section. The costs of items purchased for inventory shall be recoverable as operating costs at such time as the items are landed in Area A.
Inventory Accounting. The costs of inventory may be charges as Operating Costs or part of Capital Costs when used. Unused inventory items may be charges as Operating Costs in the time of abolishment or at the end of CONTRACT. CONTRACT AREA: CITARUM
Inventory Accounting. The Company shall, and shall cause each of its Subsidiaries to, account for substantially all of their inventory on the basis of the mark to market method.
Inventory Accounting. A physical inventory of all Product received by -------------------- Exel and periodic cycle counting shall be conducted by Exel as provided for by the Applicable Procedures and at the termination of this Agreement. Exel will take physical inventories or cycle counts beyond those provided for therein as requested by Customer at Customer's expense. Customer's duly authorized representatives shall have the right to be present at any physical inventory and shall have the right to visit, observe and inspect the Facility, the Product and upon reasonable notice to inspect inventory records at any time during Exel's normal business hours.
