Common use of Sales by the Parties Clause in Contracts

Sales by the Parties. Materials, equipment and supplies value sold by the Parties to the Joint Operation will be estimated on the basis of replacement cost agreed by the Parties. The respective transportation costs will be assumed by the Joint Operation. In the event of Joint Operation sales to one of the Parties, goods value will be estimated on the basis of replacement cost agreed by the Parties and transportation costs will be assumed by the buying Party.