Common use of Language and Units of Account Clause in Contracts

Language and Units of Account. (a) The International System of Units (metric units) and barrels shall be employed for measurements and quantities under this Contract. (b) The Accounting Records, and all reports to the Ministry, will be in one of the official languages of Timor-Leste. These records and reports may be in English, if an official translation in one of the official languages of Timor-Leste is provided. (c) The Accounting Records, and all reports to the Ministry, will be in United States Dollars. Costs and revenues in another currency will be translated at the exchange rate set on the day the cost is incurred, or the revenue realised, at a time and by a financial institution designated by the Contractor and approved by the Ministry. (d) Exchange gains or losses charged to the Accounting Records shall be in accordance with Clause 2.8 (b). Clause 2 – Classification and Allocation

Language and Units of Account. (a) The International System of Units (metric units) and barrels shall be employed for measurements and quantities under this Contract. (b) The Accounting Records, and all reports to the Ministry, will be in one of the official languages of Timor-Leste. These records and reports may be in English, if an official translation in one of the official languages of Timor-Leste is provided. (c) The Accounting Records, and all reports to the Ministry, will be in United States Dollars. Costs and revenues in another currency will be translated at the exchange rate set on the day the cost is incurred, or the revenue realised, at a time and by a financial institution designated by the Contractor and approved by the Ministry. (d) Exchange gains or losses will be credited or charged to the Accounting Records shall be in accordance with Clause 2.8 (b). Clause 2 – Classification and AllocationRecords.

Language and Units of Account. (a) The International System of Units (metric units) and barrels shall be employed for measurements and quantities under this ContractAgreement. (b) The Accounting Records, and all reports to the Ministry, will be in one of the official languages of Timor-Leste. These records and reports may be in English, if an official translation in one of the official languages of Timor-Leste is provided. (c) The Accounting Records, and all reports to the Ministry, will be in United States Dollars. Costs and revenues in another currency will be translated at the exchange rate set on the day the cost is incurred, or the revenue realised, at a time and by a financial institution designated by the Contractor and approved by the Ministry. (d) Exchange gains or losses will be credited or charged to the Accounting Records shall be in accordance with Clause 2.8 (b). Clause 2 – Classification and AllocationRecords.

Language and Units of Account. (a) The International System of Units (metric units) and barrels shall be employed for measurements and quantities under this Contract. (b) The Accounting Records, and all reports to the MinistryANPM, will shall be in one of the official languages of Timor-Leste. These records and reports may be in English, if an official a certified translation in one of the official languages of Timor-Leste is also provided. (c) The Accounting Records, and all reports to the MinistryANPM, will shall be in United States Dollars. Costs and revenues in another currency will shall be translated converted at the exchange rate set on the day Day the cost is incurred, or the revenue realised, at a time and by a financial institution designated by the Contractor and approved by the MinistryANPM. (d) Exchange gains or losses charged to the Accounting Records shall be in accordance with Clause 2.8 (b)2.8(b) below. Clause 2 – Classification and Allocation

Language and Units of Account. (a) The International System of Units (metric units) and barrels shall be employed for measurements and quantities under this Contract. (b) The Accounting Records, and all reports to the MinistryANPM, will shall be in one of the official languages of Timor-Leste. These records and reports may be in English, if an official a certified translation in one of the official languages of Timor-Leste is also provided. (c) The Accounting Records, and all reports to the MinistryANPM, will shall be in United States Dollars. Costs and revenues in another currency will shall be translated converted at the exchange rate set on the day Day the cost is incurred, or the revenue realised, at a time and by a financial institution designated by the Contractor and approved by the MinistryANPM. (d) Exchange gains or losses charged to the Accounting Records shall be in accordance with Clause 2.8 (b). Clause 2 – Classification and Allocation2.8(b) below.

Language and Units of Account. (a) The International System of Units (metric units) and barrels shall be employed for measurements and quantities under this ContractAgreement. (b) The Accounting Records, and all reports to the MinistryANP, will be in one of the official languages of Timor-Leste. These records and reports may be in English, if an official translation in one of the official languages of Timor-Leste is provided. (c) The Accounting Records, and all reports to the MinistryANP, will be in United States Dollars. Costs and revenues in another currency will be translated at the exchange rate set on the day the cost is incurred, or the revenue realised, at a time and by a financial institution designated by the Contractor and approved by the MinistryANP. (d) Exchange gains or losses will be credited or charged to the Accounting Records shall be in accordance with Clause 2.8 (b). Clause 2 – Classification and AllocationRecords.