Controllable Material definition
Controllable Material means Material which at the time is so classified in the Material Classification Manual as most recently recommended by the Council of Petroleum Accountants Societies.
Controllable Material means the Material referred to in the Accounting System described in Article 2.2 of this Accounting Procedure.
Controllable Material means Material which at the time is so classified in the Material Classification Manual as most recently recommended by the Council of Petroleum Accountants Societies of North America.
Examples of Controllable Material in a sentence
The Operator shall maintain detailed records of Controllable Material.
The provisions of this paragraph shall not prevent adjustments resulting from a physical inventory of Controllable Material as provided for in Section V.
At reasonable intervals, inventories shall be taken by Operator of the Joint Account Controllable Material.
At reasonable intervals, inventories shall be taken by the Operator of all Controllable Material.
The disposal of surplus Controllable Material not purchased by the Operator shall be agreed to by the Parties.
More Definitions of Controllable Material
Controllable Material means material which the operator subjects to record control and inventory. A list of types of such material shall be furnished to the Government and non-operator(s);
Controllable Material means material which in the petroleum industry usually is subject to record, control and inventory.
Controllable Material means Material that, at the time of acquisition or disposition by the Joint Account, as applicable, is so classified in the Material Classification Manual most recently recommended by the Council of Petroleum Accountants Societies (▇▇▇▇▇).
Controllable Material means Material which the Operator subjects to record Control and inventory. A list of types of such Material shall be furnished to the Federal Government and Non-operator(s);
Controllable Material means the Material, which in the petroleum industry usually is subject to record, control and inventory.
Controllable Material means such Material which is ordinarily classified as Controllable Material, as that classification is determined or approved by the Management Committee, and controlled in mining operations.
Controllable Material means all materials, equipment physical assets, consumables and other stocks and inventory acquired and held for use in Petroleum Operations. A list of types of such Controllable Material shall be furnished to Georgian Oil upon request.