Common use of VALUE OF PRODUCTION AND PRICING STATEMENT Clause in Contracts

VALUE OF PRODUCTION AND PRICING STATEMENT. For the purposes of Article 10 of the Contract, the Contractor shall prepare a Quarterly statement providing details of the value of Hydrocarbons produced, saved and sold during each Quarter. The value of Production statement shall include the following information: (a) the quantities, prices and income received by the Contractor as a result of sales of Hydrocarbons to third parties during the Quarter in question; (b) the quantities, prices and income received by the Contractor as a result of sales of Hydrocarbons, other than sales to third parties, during the Quarter in question; (c) the value of any stocks of Hydrocarbons at the end of the Quarter preceding the Quarter in question; (d) the value of any stocks of Hydrocarbons at the end of the Quarter in question; and (e) the information available to the Contractor concerning the prices of competitive Crude Oils, insofar as required for the purposes of Article 10 of the Contract.

VALUE OF PRODUCTION AND PRICING STATEMENT. For the purposes of Article ‎Article 10 of the Contract, the Contractor shall prepare a Quarterly statement providing details of the value of Hydrocarbons produced, saved and sold during each Quarter. The value of Production statement shall include the following information: (a) the quantities, prices and income received by the Contractor as a result of sales of Hydrocarbons to third parties during the Quarter in question; (b) the quantities, prices and income received by the Contractor as a result of sales of Hydrocarbons, other than sales to third parties, during the Quarter in question; (c) the value of any stocks of Hydrocarbons at the end of the Quarter preceding the Quarter in question; (d) the value of any stocks of Hydrocarbons at the end of the Quarter in question; and (e) the information available to the Contractor concerning the prices of competitive Crude Oils, insofar as required for the purposes of Article ‎Article 10 of the Contract.

VALUE OF PRODUCTION AND PRICING STATEMENT. For the purposes of Article 10 ‎10 of the Contract, the Contractor shall prepare a Quarterly statement providing details of the value of Hydrocarbons produced, saved and sold during each Quarter. The value of Production statement shall include the following information: (a) the quantities, prices and income received by the Contractor as a result of sales of Hydrocarbons to third parties during the Quarter in question; (b) the quantities, prices and income received by the Contractor as a result of sales of Hydrocarbons, other than sales to third parties, during the Quarter in question; (c) the value of any stocks of Hydrocarbons at the end of the Quarter preceding the Quarter in question; (d) the value of any stocks of Hydrocarbons at the end of the Quarter in question; and (e) the information available to the Contractor concerning the prices of competitive Crude Oils, insofar as required for the purposes of Article 10 ‎10 of the Contract.