Common use of Affiliated Services Clause in Contracts

Affiliated Services. Cost of services, including laboratory analysis, drafting, geophysical treatment and interpretation, geological interpretation, engineering and data processing, performed by Contractor's Affiliates in facilities inside or outside Bangladesh that are not covered by Section 3.1 (b)(ii) or 3.1(k) hereof. Use of an Affiliate's wholly owned equipment shall be charged at a rental rate commensurate with the cost of ownership and operation, but not in excess of competitive rates prevailing in South and Southeast Asia at the time of usage. Other services performed by an Affiliate shall be charged at a negotiated contract rate not exceeding the then prevailing rate for similar services performed in an Arm-length transaction on a competitive basis. Cost of professional and administrative services provided by Affiliates for the direct benefit of Petroleum Operations, including but not limited to services related to exploration, production, legal, financial, insurance, accounting and computer which the Contractor may use if prior approval is given by Petrobangla.