Common use of Interchangeable Materials Clause in Contracts

Interchangeable Materials. 1. In determining whether a good is an originating good, any interchangeable materials shall be distinguished by: (a) physical separation of the goods; or (b) an inventory management method recognised in the generally accepted accounting principles of the exporting Party. 2. Interchangeable materials are goods or materials which are interchangeable for commercial purposes, whose properties are essentially identical, and between which it is impractical to differentiate by a mere visual examination.

Interchangeable Materials. 1. In determining whether a good is an originating good, any interchangeable materials shall be distinguished by: : (a) physical separation of the goods; or or (b) an inventory management method recognised in the generally accepted accounting principles of the exporting Party. 2. Interchangeable materials are goods or materials which are interchangeable for commercial purposes, whose properties are essentially identical, and between which it is impractical to differentiate by a mere visual examination.