Common use of Value of Material Charged to the Accounts Under the Agreement Clause in Contracts

Value of Material Charged to the Accounts Under the Agreement. Material purchased, leased or rented by Contractor for use in Petroleum Operations shall be valued at the actual net cost incurred by Contractor. The net cost shall include invoice price less trade and cash discounts, if any, purchase and procurement fees plus freight and forwarding charges between point of supply and point of shipment, freight to port of destination and to point of usage or installation, including but not limited to, insurance, taxes, customs duties, consular fees, other costs incurred on such material, and any other related costs actually paid.

Value of Material Charged to the Accounts Under the Agreement. Material purchased, leased or rented by Contractor for use in Petroleum Operations shall be valued at the actual net cost incurred by Contractor. The net cost shall include invoice price less trade and cash discounts, if any, purchase and procurement fees plus freight and forwarding charges between point of supply and point of shipment, freight to port of destination and to point of usage or installation, including but not limited todestination, insurance, taxes, customs duties, consular fees, other costs incurred on such items chargeable against imported material, and any other related costs actually paid.

Value of Material Charged to the Accounts Under the Agreement. Material purchased, leased or rented by Contractor for use in Petroleum Operations shall be valued at the actual net cost incurred by Contractor. The net cost shall include invoice price price, less trade and cash discounts, if any, purchase and procurement fees fees, plus freight and forwarding charges between point of supply and point of shipment, freight to port of destination and on to point of usage or installation, including but not limited to, insurance, taxes, customs duties, consular fees, other costs items incurred on such material, and any other related costs actually paid.