Common use of Pricing Principles Clause in Contracts

Pricing Principles. 3.1 Subject to the trading principles set out in Article 2.1 hereof, under the prevailing local market conditions (including considerations such as volume of sales, length of contracts, package of services, overall customer relationship and other market factors), the products and services under Article 1 shall be based on arm’s length negotiation and on normal commercial terms or on terms no less favourable than those available from any independent third party to the Company. Where such basic pricing principles are not applicable, the following general principles and precedence shall apply: (i) State-prescribed price; or (ii) Where there is no state-prescribed price, market prices (including local, national or international market price); or (iii) When neither (i) nor (ii) is applicable, the cost to CNOOC Engineering for providing the relevant products and services plus a margin of not more than 10%, before any applicable taxes.

Pricing Principles. 3.1 Subject to the trading principles set out in Article 2.1 hereof, under the prevailing local market conditions (including considerations such as volume of sales, length of contracts, package of services, overall customer relationship and other market factors), the products and services under Article 1 shall be based on arm’s 's length negotiation and on normal commercial terms or on terms no less favourable than those available from to any independent third party to the Companyparty. Where such basic pricing principles are not applicable, the following general principles and precedence shall apply:apply:(pound)(0) (i) State-prescribed State -prescribed price; or or (ii) Where there is no state-prescribed price, market prices (including local, national or international market price); or or (iii) When neither (i) nor (ii) is applicable, the cost to CNOOC Engineering OOECL for providing the relevant products and services plus a margin of not more than 10%, before any applicable taxes.

Pricing Principles. 3.1 Subject to the trading principles set out in Article 2.1 hereof, under the prevailing local market conditions (including considerations such as volume of sales, length of contracts, package of services, overall customer relationship and other market factors), the products and services under Article 1 shall be based on arm’s length negotiation and on normal commercial terms or on terms no less favourable than those available from any independent third party to the Company. Where such basic pricing principles are not applicable, the following general principles and precedence shall apply:： (i) State-prescribed price; or (ii) Where there is no state-prescribed price, market prices (including local, national or international market price); or (iii) When neither (i) nor (ii) is applicable, the cost to CNOOC Engineering BlueChemical for providing the relevant products and services plus a margin of not more than 10%, before any applicable taxes.

Pricing Principles. 3.1 Subject to the trading principles set out in Article 2.1 hereof, under the prevailing local market conditions (including considerations such as volume of sales, length of contracts, package of services, overall customer relationship and other market factors), the products and services under Article 1 shall be based on arm’s 's length negotiation and on normal commercial terms or on terms no less favourable than those available from to any independent third party to the Companyparty. Where such basic pricing principles are not applicable, the following general principles and precedence shall apply:apply(pound)(0) (i) State-prescribed State -prescribed price; or or (ii) Where there is no state-prescribed price, market prices (including local, national or international market price); or or (iii) When neither (i) nor (ii) is applicable, the cost to CNOOC Engineering COSL for providing the relevant products and services plus a margin of not more than 10%, before any applicable taxes.

Pricing Principles. 3.1 Subject to the trading principles set out in Article 2.1 hereof, under the prevailing local market conditions (including considerations such as volume of sales, length of contracts, package of services, overall customer relationship and other market factors), the products and services under Article 1 shall be based on arm’s length negotiation and on normal commercial terms or on terms no less favourable than those available from any independent third party to the Company. Where such basic pricing principles are not applicable, the following general principles and precedence shall apply:： (i) State-prescribed price; or (ii) Where there is no state-prescribed price, market prices (including local, national or international market price); or (iii) When neither (i) nor (ii) is applicable, the cost to CNOOC Engineering COSL for providing the relevant products and services plus a margin of not more than 10%, before any applicable taxes.