EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. In the absence of a separately negotiated agreement, equipment and facilities furnished by the Operator will be charged as follows:
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. A. Operator shall charge the Joint Account for use of Operator owned equipment and facilities at rates commensurate with costs of ownership and operation. Such rates shall include costs of maintenance, repairs, other operating expense, insurance, taxes, depreciation, and interest on gross investment less accumulated depreciation not to exceed ___percent ( ___%) per annum. Such rates shall not exceed average commercial rates currently prevailing in the immediate area of the Joint Property. See Attached Addenda
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. A. Operator shall charge the Joint Account for use of Operator-owned equipment and facilities, including Shore Base and/or Offshore Facilities, at rates commensurate with costs of ownership and operation. Such rates may include labor, maintenance, repairs, other operating expense, insurance, taxes, depreciation, and interest on gross investment less accumulated depreciation not to exceed Ten percent (10%) per annum. In addition, for platforms only, the rate may include an element of the estimated cost of platform dismantlement. Such rates shall not exceed average commercial rates currently prevailing in the immediate area of the Joint Property.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. The cost of machinery, equipment and facilities owned by the Operator and used in Operations or used to provide support or utility services to Operations charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation and interest at a rate not to exceed the rate charged by the principal chartered bank of the Operator plus 1% per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the Operations.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. Operator shall charge the Joint Account for use of Operator owned equipment and facilities (other than Material) at rates commensurate with the commercial rates currently prevailing in the immediate area of the Joint Property.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. A. Operator shall charge the Joint Account for use of Operator owned equipment and facilities at rates commensurate with costs of ownership and operation. Those rates shall include costs of maintenance, repairs, other operating expense, insurance, taxes, depreciation, and interest on gross investment less accumulated depreciation not to exceed twenty-five percent (25%) per annum. The rates shall not exceed average commercial rates currently prevailing in the immediate area of the Joint Property. Notwithstanding the foregoing, Non-Operator shall not be charged for depreciation or interest on gross investment in equipment, the cost of which has been otherwise charged by Operator to Non-Operator.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. A. Operator shall charge the Joint Account for use of equipment and facilities at rates commensurate with cost of ownership and operation. Such rates shall include cost of maintenance, repairs, other operating expense, insurance, taxes, depreciation, and interest on investment not to exceed six per cent (6%) per annum, provided such rates shall not exceed those currently prevailing in the immediate area within which the Joint Property is located. In lieu of rates based on costs of ownership and operation of equipment, other than automotive. Operator may elect to use commercial rates prevailing in the area of the Joint Property less 20%; for automotive equipment, rates as published by the Petroleum Motor Transport Association may be used. Rates for laboratory services shall not exceed those currently prevailing if performed by outside service laboratories. Rates for trucks, tractors and well service units may include wages and expenses of operator.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. Operator will charge the Oil Joint Account and/or Gas Joint Account, as applicable, for the cost of all equipment and facilities used directly or indirectly in Oil Unit or Gas Unit operations. Cost is deemed to include all freight and handling cost, taxes of whatever nature, and any and all other costs associated with the acquisition of such equipment and facilities.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. The cost of machinery, equipment and facilities owned by the Operator and used in the operation of the Property as a mine or used to provide support or utility services in the operation of the Property as a mine charged at rates commensurate with the actual costs of ownership and operation of such machinery, equipment and facilities. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes. depreciation and interest at a rate not to exceed the Prime Rate plus one percent per annum. Such rates shall not exceed the average commercial rates currently prevailing in the vicinity of the operation of the Property as a mine.
EQUIPMENT AND FACILITIES FURNISHED BY OPERATOR. A. Operator shall charge the Joint Account for use of Operator owned equipment and facilities at rates commensurate with costs of ownership and operation. Such rates shall include costs of maintenance, repairs, other operating expenses, insurance, taxes, depreciation, and interest on investment less accumulated depreciation not to exceed eight percent (8%) per annum. Such rates shall not exceed average commercial rates currently prevailing in the immediate area within which the Joint Property is located less 20%. Rates for automotive equipment shall generally be in line with the schedule of rates adopted by the Petroleum Motor Transport Association, or some other recognized organization, as recommended uniform charges against Joint Property operations. Rates for laboratory services shall not exceed those currently prevailing if performed by outside service laboratories. Rates for trucks, tractors and well service units may include wages and expenses of operator.
