Common use of PROTECTION OF GUYANESE PETROLEUM PRODUCTS Clause in Contracts

PROTECTION OF GUYANESE PETROLEUM PRODUCTS. 1. Notwithstanding anything in this Agreement, any quantitative restrictions within the meaning of Article 13 may, during any period for which the Government of Guyana is party to any protective Agreement in that behalf relating to a petroleum product produced in Guyana, be applied on imports into Guyana of that petroleum product form any other part of the Area: Provided that no such restriction shall be so applied on imports of any petroleum product, other than Bunker C, asphalt or road oil, during any year except with a view to preventing the importation of that petroleum product into Guyana to any extent in excess of - (a) one third of such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year; or (b) the difference between such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year and any lesser amount of that petroleum product which is reasonably considered by the said Government to be producible in Guyana during such year, whichever is more. 2. During any period first hereinbefore in this Article referred to in connection with a petroleum product produced in Guyana, customs duties shall, at rates not lower than those in force when this agreement takes effect, be applicable to any permitted imports into Guyana of that petroleum product from outside the area. 3. Not later than - (a) the commencement, during any year, of period mentioned in paragraph 2 of this Article; (b) the commencement, during any such period, of any year, Guyana shall notify to the Council the Amounts mentioned in paragraph (b) of the proviso to paragraph 1 of this Article in relation to that year and shall, at the request of any Member Territory, inform the Council in strictest confidence of the reasons of the Government of Guyana for arriving at such amounts. 4. In this Article, "the petroleum product" includes any like or substitutable petroleum product. 5. This Article shall not have effect for longer than 15 years from the Commencement of a period mentioned in paragraph 2 of this Article.

PROTECTION OF GUYANESE PETROLEUM PRODUCTS. 1. Notwithstanding anything in this Agreement, any quantitative restrictions restriction within the meaning of Article 13 may, during any period for which the Government of Guyana is a party to any protective Agreement agreement in that behalf relating to a petroleum product produced in Guyana, be applied on imports into Guyana of that petroleum product form from any other part of the Area: Provided that no such restriction shall be so applied on imports of any petroleum product, other than Bunker C, asphalt or road oil, during any year except with a view to preventing the importation of that petroleum product into Guyana to any extent in excess of - (a) one third of such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year; or (b) the difference between such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year and any lesser amount of that petroleum product which is reasonably considered by the said Government to be producible in Guyana during such year, whichever is more. 2. During any period first hereinbefore in this Article referred to in connection with a petroleum product produced in Guyana, customs duties shall, at rates not lower than those in force when this agreement Agreement takes effect, be applicable to any permitted imports into Guyana of that petroleum product from outside the areaArea. 3. Not later than - (a) the commencement, commencement during any year, of any period mentioned in paragraph 2 of this Article; (b) the commencement, during any such period, of any year, Guyana shall notify to the Council the Amounts amounts mentioned in paragraph (b) of the proviso to paragraph 1 of this Article in relation to that year and shall, at the request of any Member Territory, inform the Council in strictest confidence of the reasons of the Government of Guyana for arriving at such amounts. 4. In this Article, "the “that petroleum product" ” includes any like or substitutable petroleum product. 5. This Article shall not have effect for longer than 15 years from the Commencement commencement of a period mentioned in paragraph 2 of this Article.

PROTECTION OF GUYANESE PETROLEUM PRODUCTS. 1. Notwithstanding anything in this the Principal Agreement, any quantitative restrictions restriction within the meaning of Article 13 thereof may, during any period for which the Government of Guyana is a party to any protective Agreement agreement in that behalf relating to a petroleum product produced in Guyana, be applied on imports into Guyana of that petroleum product form from any other part of the Area: Provided that no such restriction shall be so applied on imports of any petroleum product, other than Bunker C, asphalt or road oil, during any year except with a view to preventing the importation of that petroleum product into Guyana to any extent in excess of - (a) one third of such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year; or (b) the difference between such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year and any lesser amount of that petroleum product which is reasonably considered by the said Government to be producible in Guyana during such year, whichever is more. 2. During any period first hereinbefore in this Article referred to in connection with a petroleum product produced in Guyana, customs duties shall, at rates not lower than those in force when this agreement the Principal Agreement takes effect, be applicable to any permitted imports into Guyana of that petroleum product from outside the areaArea. 3. Not later than - (a) the commencement, during any year, of any period mentioned in paragraph 2 of this Article; (b) the commencement, during any such period, of any year, Guyana shall notify to the Council of the Amounts Caribbean Free Trade Association the amounts mentioned in paragraph (b) of the proviso to paragraph 1 of this Article in relation to that year and shall, at the request of any Member Territory, inform the Council in strictest confidence of the reasons of the Government of Guyana for arriving at such amounts. 4. In this Article, "the petroleum product" includes any like or substitutable petroleum product. 5. This Article shall not have effect for longer than 15 years from the Commencement of a period mentioned in paragraph 2 of this Article.paragraph

PROTECTION OF GUYANESE PETROLEUM PRODUCTS. 1. Notwithstanding anything in this the Principal Agreement, any quantitative restrictions restriction within the meaning of Article 13 thereof may, during any period for which the Government of Guyana is a party to any protective Agreement agreement in that behalf relating to a petroleum product produced in Guyana, be applied on imports into Guyana of that petroleum product form from any other part of the Area: Provided that no such restriction shall be so applied on imports of any petroleum product, other than Bunker C, asphalt or road oil, during any year except with a view to preventing the importation of that petroleum product into Guyana to any extent in excess of - (a) one third of such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year; or (b) the difference between such amount of that petroleum product as is reasonably considered by the Government of Guyana to be marketable in Guyana during such year and any lesser amount of that petroleum product which is reasonably considered by the said Government to be producible in Guyana during such year, whichever is more. 2. During any period first hereinbefore in this Article referred to in connection with a petroleum product produced in Guyana, customs duties shall, at rates not lower than those in force when this agreement the Principal Agreement takes effect, be applicable to any permitted imports into Guyana of that petroleum product from outside the areaArea. 3. Not later than - (a) the commencement, during any year, of any period mentioned in paragraph 2 of this Article; (b) the commencement, during any such period, of any year, Guyana shall notify to the Council of the Amounts Caribbean Free Trade Association the amounts mentioned in paragraph (b) of the proviso to paragraph 1 of this Article in relation to that year and shall, at the request of any Member Territorymember of the Association, inform the Council in strictest confidence of the reasons of the Government of Guyana for arriving at such amounts. 4. In this Article, Article "the that petroleum product" includes any like or substitutable of substitute petroleum product. 5. This Article shall not have effect for longer than 15 years from the Commencement commencement of a period mentioned in paragraph 2 of this Article.