Surplus of Local Content. If the Contracted Party exceeds the Local Content it undertook, either at the exploration phase or in a module of the development phase, the surplus amount, in Real, may be transferred to the module of the development phase to be implanted thereafter. The surplus of Local Content transferred may not be used in the compensation of items and sub-items associated with the basic and detailed engineering. The amount of the investment surplus of Local Content originated from items and sub-items associated with the basic and detailed engineering will be transferred multiplied by 2 (two). The transfer of the Local Content surplus should be directed to the modules of the development phase in the order of their deployment. The transfer of Local Content surplus amounts: Is bound to previous authorization by ANP; Should be directed to specific items, indicated by the Contracted Party at the time of its transfer request; and Does not relieve the Contracted Party from the compliance with the overall percentage of Local Content.
Surplus of Local Content. 20.9 If the dealer exceeds the Local Content it undertook, either at the exploration phase or in a module of the development phase, the surplus amount, in Real, may be transferred to the module of the development phase to be implanted thereafter.
Surplus of Local Content. 25.10. If the Contractors exceed the required Local Content, in the Exploration Phase or in a Development Module, the excess value, in national currency, may be transferred to the Development Modules to be subsequently implemented.
Surplus of Local Content. If the dealer exceeds the Local Content it undertook, either at the exploration phase or in a module of the development phase, the surplus amount, in Real, may be transferred to the module of the development phase to be implanted thereafter. The transfer of the Local Content surplus should be directed to the modules of the development phase in the order of their deployment. Any balance in excess of Local Content may be transferred to Modules of the subsequent development phase. The transfer of Local Content surplus amounts: Is bound to previous authorization by ANP; Should be directed to specific items, indicated by the Concessionaire at the time of its transfer request; and Does not relieve the Concessionaire from the compliance with the overall percentage of Local Content.
Surplus of Local Content. If the Contractors exceed the required Local Content, in the Exploration Phase or in a Development Module, the excess value, in national currency, may be transferred to the Development Modules to be subsequently implemented. The Operator must indicate the Macrogroup to which the surplus of the Exploration Phase will be directed. Any surpluses verified in the Development Modules may be transferred only between the same Macrogroups. The request for transfer of surplus must be submitted to ANP within 30 (thirty) days from the first business day following the receipt by the Operator of the Local Content Inspection Report of the Production Development Phase, or subsequent modules in the case of modular Development. The surplus monetary value will be adjusted by the IGP-DI or other index that may replace it.
