Official Selling Price definition

Official Selling Price or “OSP” means SOMO’s declared price for each Iraqi Export Oil.
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Official Selling Price means the price at which comparable crude oil or condensate of similar quality could be sold on similar terms at similar times by parties under no compulsion to buy or sell and whereby none of such parties exerts or is in a position to exert influence on the other party having regard to all relevant factors;
Sample 1
Official Selling Price means the sales price published by NNPC for the sale of Nigerian government and NNPC crude oil entitlement to trade buyers for export. The Official Selling Price is issued by NNPC for each type of crude oil to be lifted by traders and published by the middle of each month prior to the month of lifting;
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Examples of Official Selling Price in a sentence

  • We have already discussed this feature of the theory in the context of BHs in [51, 52].DThe free energy density of a D-dimensional (Euclidean) CFT at temperature 1/β is expressible as 2 F/V = fββ−D , where fβ is a numerical coefficient.

  • After selection of crude oils, the crude procurement and logistics departments have to secure the crudes and schedule them for delivery.The Company imports nearly 85 per cent of crude through term contracts on annual basis from the foreign National Oil Companies at their Official Selling Price.

  • Once established this Official Selling Price shall be used in determining any amounts payable for Royalty and PPT.

  • As soon as practicable XXXXX and XXXXXXX shall jointly do all such things as are necessary to agree an Official Selling Price with the Government for each new Crude Oil stream derived from the Contract Area.

  • The difference between POOC and auditor’s PPT Fiscal Value resultant from the above amounted to $1,416,000 based on application of Official Selling Price (OSP).

  • Those selected had to purchase the oil at the Official Selling Price (“OSP”), which was determined by a U.N. committee made up of representatives of the Security Council member states.

  • Beyond the first quarter, a downward correction may be seen in the second quarter once a ceiling is reached in the spot market.UAE: Adnoc set its January Official Selling Price (OSP) at $140/tonne FOB Ruwais for customers lifting for the Indian market, a$25/tonne increase on the previous month.

  • SOMO’s Official Selling Price (OSP) for petroleum, for European and American destinations, is mainly calculated using an average of PLATTS quotations for five consecutive days starting on the 15th day from the date of the bill of lading.

  • The difference between APDC and auditor’s PPT Fiscal Value resultant from the above amounted to $7,307656 based on application of Official Selling Price (OSP).

  • The difference between Continental and auditor’s PPT Fiscal Value resultant from the above amounted to $14,360,000 based on application of Official Selling Price (OSP).


More Definitions of Official Selling Price

Official Selling Price or “OSP” means the selling price of Oil as established by the Government of the State of Qatar and announced by the Seller.
Sample 1
Official Selling Price. ’ means, in respect of any blend of EGPC Crude for a Delivery Month, the official selling price issued by EGPC for such blend of EGPC Crude for such Delivery Month, such official selling price being issued by EGPC during the Delivery Month immediately preceding such Delivery Month and published in Platts Crude Oil Marketwire or in Argus Global Markets.
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Related to Official Selling Price

  • Official ballot means the ballots distributed by the election officer to the poll

  • Selling Price means the same meaning as in RCW 82.08.010, except that when the product is sold under circumstances where the to- tal amount of consideration paid for the product is not indicative of its true value. Selling price means the true value of the product sold as determined or agreed to by the WSLCB. For purposes of this subsec- tion:

  • Official map means a map drawn by municipal authorities and recorded in

  • Official mark means the grademark and any other mark, or any variations in such marks approved by the Administrator and authorized to be affixed to any product, or affixed to or printed on the packaging material of any product, stating that the product was graded, or indicating the appro- priate U.S. grade or condition of the product, or for the purpose of main- taining the identity of products graded under this part, including but not lim- ited to, those set forth in § 56.36.

  • Official sample means a sample of feed taken by the director in accordance with section 7. (ee) "Percent" or "percentage" means the percentage by weight.

  • Official Gazette means the Official Gazette of the Government;

  • Applicable Public Official or State Employee means any public official or state employee described in

  • Net Selling Price of Licensed Products shall mean the gross selling price paid by a purchaser of a Licensed Product to COMPANY, an Affiliate or Sublicensee of COMPANY, or any other party authorized by COMPANY to sell Licensed Products less the following discounts:

  • Applicable public official means a person elected to an office or a person appointed to complete a term of an elected office, who has the authority to award or influence the award of the contract for which the prospective contractor is submitting a competitive sealed proposal or who has the authority to negotiate a sole source or small purchase contract that may be awarded without submission of a sealed competitive proposal.

  • Official Seal means the original(s) of the VA seal showing the exact form, content, and colors thereof.

  • Wholesale price or "WSP" shall mean the greater of (i) the first published price of the Licensed Product offered to retailers by Publisher as evidenced by a sell sheet or price list issued by Publisher, or (ii) the actual price paid by retailers upon the first commercial shipment of a Licensed Product without offsets, rebates or deductions from invoices of any kind.

  • the London Stock Exchange means London Stock Exchange plc;

  • Initial Market Value means, in relation to each Ship, the Market Value thereof calculated in accordance with the valuations relative thereto referred to in paragraph 4 of Schedule 3, Part B;

  • Cash sale price means the price of a good or service a retail buyer would pay if he or she paid for the good or service in cash, and that is stated in a retail installment contract or in a sales slip or other memorandum furnished by a retail seller to a retail buyer pursuant to a retail charge agreement for that good or service. The cash sale price may include any taxes and charges for delivery, installation, servicing, repairs, alterations, or improvements.

  • Official device means any device prescribed or authorized by the director for use in applying any official mark.

  • Local public official means a member of the governing body or another officer, whether elected, appointed, paid, or unpaid, of any district (including a school district), central appraisal district, or other local governmental entity who exercises responsibilities be- yond those that are advisory in nature. Local Gov’t Code 171.001(1)

  • Public Offering Price means the price per Share of the Fund at which NLD or selected dealers or selected agents may sell Shares to the public or to those persons eligible to invest in Shares as described in the Prospectus of the Funds, determined in accordance with such Prospectus under the Securities Act relating to such Shares.

  • Per Share Market Value means on any particular date (a) the last closing bid price per share of the Common Stock on such date on the OTC Bulletin Board or another registered national stock exchange on which the Common Stock is then listed, or if there is no such price on such date, then the closing bid price on such exchange or quotation system on the date nearest preceding such date, or (b) if the Common Stock is not listed then on the OTC Bulletin Board or any registered national stock exchange, the last closing bid price for a share of Common Stock in the over-the-counter market, as reported by the OTC Bulletin Board or in the National Quotation Bureau Incorporated or similar organization or agency succeeding to its functions of reporting prices) at the close of business on such date, or (c) if the Common Stock is not then reported by the OTC Bulletin Board or the National Quotation Bureau Incorporated (or similar organization or agency succeeding to its functions of reporting prices), then the average of the "Pink Sheet" quotes for the five (5) Trading Days preceding such date of determination, or (d) if the Common Stock is not then publicly traded the fair market value of a share of Common Stock as determined by an Independent Appraiser selected in good faith by the Majority Holders; provided, however, that the Issuer, after receipt of the determination by such Independent Appraiser, shall have the right to select an additional Independent Appraiser, in which case, the fair market value shall be equal to the average of the determinations by each such Independent Appraiser; and provided, further that all determinations of the Per Share Market Value shall be appropriately adjusted for any stock dividends, stock splits or other similar transactions during such period. The determination of fair market value by an Independent Appraiser shall be based upon the fair market value of the Issuer determined on a going concern basis as between a willing buyer and a willing seller and taking into account all relevant factors determinative of value, and shall be final and binding on all parties. In determining the fair market value of any shares of Common Stock, no consideration shall be given to any restrictions on transfer of the Common Stock imposed by agreement or by federal or state securities laws, or to the existence or absence of, or any limitations on, voting rights.

  • Closing Price has the meaning assigned to such term in Section 15.1(a).

  • Official compendium means the official United States Pharmacopoeia National Formulary, official

  • Purchaser Common Stock means the common stock, par value $0.01 per share, of Purchaser.

  • Discounted Market Price of Shares means, if the Shares are listed only on the TSX Venture Exchange, the Market Price less the maximum discount permitted under the TSX Policy applicable to Options.

  • Average Sale Price means the average of the Sale Prices of the Common Stock for the shorter of

  • Official Journal means the Official Journal of the European Union;

  • Sale Price means the value as determined by the Administrator of the consideration payable, or otherwise to be received by stockholders, per share of Stock pursuant to a Sale Event.

  • Catalog price means a price included in a catalog, price list, schedule, or other form that is regularly maintained by the manufacturer or vendor, is either published or otherwise available for inspection by customers, and states prices at which sales are currently, or were last, made to a significant number of buyers constituting the general public; and