Audit and Inspection Rights of the Government. 1.9.1 Without prejudice to statutory rights, the Government, upon at least twenty (20) Business Days advance written notice to the Contractor, shall have the right to inspect and audit, during normal business hours, all records and documents supporting costs, expenditures, expenses, receipts and income, such as the Contractor’s accounts, books, records, invoices, cash vouchers, debit notes, price lists or similar documentation with respect to the Petroleum Operations conducted hereunder in each Year, within two (2) years (or such longer period as may be required in exceptional circumstances) from the end of such Year.
Audit and Inspection Rights of the Government. In addition to the provisions of Articles 15.3 to 15.7 and 15.9, the following provisions shall apply to any audit carried out in accordance with Articles 15.3 to 15.7:
Audit and Inspection Rights of the Government. (a) Upon giving the Concessionaires thirty (30) calendar days' notice, the competent authority of the Government shall have the right to audit the Concessionaires' accounts and records maintained hereunder with respect to each calendar year within 5 (five) years from the end of each such calendar year. Notice of any exception to the Concessionaires' accounts of any calendar year must be submitted to the Concessionaires within five (5) years from the end of such calendar year. For purposes of auditing, the Government may examine and verify at reasonable times all charges and credits relating to the Petroleum Operations such as books of account, accounting entries, material records and any other documents, correspondence and records necessary to audit and verify the charges and credits. Furthermore, the auditors shall have the right in connection with such audit to visit and inspect, subject to reasonable notification, all sites, plants, facilities, warehouses and offices of the Concessionaires serving the Petroleum Operations including visiting personnel associated with those operations.
