Common use of Value of Crude Oil Clause in Contracts

Value of Crude Oil. The value of Crude Oil (a) Sold f.o.b. (or equivalent) at the Field Export Point in an arm’s length transaction is the price payable for it; (b) Sold in an arm’s length transaction other than f.o.b. (or equivalent) at the Field Export Point is the price payable for it, less such fair and reasonable proportion of such price that relates to the transportation, processing and delivery of the petroleum downstream of the Field Export Point up to the actual point of sale; or (c) Sold other than as mentioned in paragraphs 8.2(a) and (b) shall be the fair and reasonable market price thereof having regard to all relevant circumstances.

Value of Crude Oil. The value of Crude Oil, (a) Sold sold f.o.b. (or equivalent) at the Field Export Point in an arm’s length transaction is the price payable for it; (b) Sold sold other than f.o.b., or equivalent, at the Field Export Point in an arm’s length transaction other than f.o.b. (or equivalent) at the Field Export Point is the price payable for it, less such fair and reasonable proportion of such price that relates to the transportation, processing transportation and delivery of the petroleum Petroleum downstream of the Field Export Point up to the actual point of salePoint; or (c) Sold sold other than as mentioned in paragraphs 8.2(a10.2(a) and (b10.2(b) shall be is the fair and reasonable market price thereof having regard to all relevant circumstances.

Value of Crude Oil. The value of Crude Oil: (a) Sold sold f.o.b. (or equivalent) at the Field Export Point in an arm’s length transaction is the price payable for it; (b) Sold sold other than f.o.b., or equivalent, at the Field Export Point in an arm’s length transaction other than f.o.b. (or equivalent) at the Field Export Point is the price payable for it, less such fair and reasonable proportion of such price that relates to the transportation, processing transportation and delivery of the petroleum Petroleum downstream of the Field Export Point up to the actual point of salePoint; or (c) Sold sold other than as mentioned in paragraphs 8.2(a10.2(a) and (b10.2(b) shall be is the fair and reasonable market price thereof having regard to all relevant circumstances.

Value of Crude Oil. The value of Crude Oil (a) Sold f.o.b. (or equivalent) at the Field Export Point in an arm’s 's length transaction is the price payable for it; (b) Sold in an arm’s 's length transaction other than f.o.b. (or equivalent) at the Field Export Point is the price payable for it, less such fair and reasonable proportion of such price that relates to the transportation, processing and delivery of the petroleum downstream of the Field Export Point up to the actual point of sale; or (c) Sold other than as mentioned in paragraphs 8.2(a) and (b) shall be the fair and reasonable market price thereof having regard to all relevant circumstances.