General Overhead. General Overhead includes the costs of: 2.5.1 The running of main offices, field offices and general overhead incurred in Cameroon including, without limitation, costs incurred for supervision, accounting, and relations with employee services, subcontractors and the public. 2.5.2 A compensatory payment called "head office overhead" for expenses incurred for services rendered by the Affiliate outside of Cameroon in order to assist and manage Petroleum Operations (hereafter, "Affiliate Company Overhead"). 2.5.2.1 Affiliate Company Overhead will be deemed to cover the actual costs listed in Article 2.5.2.2 below and which meet all of the following conditions: 2.5.2.1.1 They are incurred by the departments of the Affiliate of the CONTRACTOR, including, without limitation, the Exploration department, the production department, finance department, taxation and legal departments, communications, computer services, administrative departments and research and engineering facilities; 2.5.2.1.2 They shall not, by virtue of their nature, be entered into accounting, audited, measured, analysed and controlled under any of the provisions of this Accounting Procedure, except by means of increased manpower and financial resources which are out of proportion to the objective being sought. Such operations may also disclose confidential data belonging to the Affiliate of the CONTRACTOR; and 2.5.2.1.3 They are properly chargeable to Petroleum Operations. 2.5.2.2 (i) Salaries, wages and labour burden, employee benefits, travel, hotel and other reimbursable expenses paid by the CONTRACTOR during the period in question to the Affiliate in accordance with usual practice in the international oil and gas industry; and
Appears in 2 contracts
Sources: Production Sharing Contract, Production Sharing Contract