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Anonymous Posted 19 years ago
Business & Finance
Agreement in interpretation of Contract
0 Hello, I would like to get some opinions if our understanding to below paragraph in an agreement is correct. (We’re on the Contractor side) 02 br
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01 i 00 ‘In case Contractor (with the prior approval of Client) invests a 100T Rig specifically for the project, the charges payable for amortisation and repair/maintenance shall be 50,000 Euros plus compensation (13% of 50,000Euros) and transportation charges. This lump sum amount covers expenses towards amortisation charges plus repair and maintenance of 100T Rig for 6 calendar months 01 b 00 in addition to transportation, rig up and rig down time periods. 02 b 00 ’ 02 i 02 br
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00 Our understanding is that cost of 01 b 01 i 00 transportation, rig up and rig down time periods 02 i 02 b 00 are absolutely separate from the lump sum amount of 50,000 Euros during the 6 calendar months; what our Client is saying – it should be included in the lump sum amount. If we’re correct, would somebody please construct a sentence or argument that the cost of 01 b 01 i 00 transportation, rig up and rig down time periods 02 i 02 b 00 are absolutely separate. Transportation periods are considered as idle period also. 02 br
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00 Many thanks! 0-
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01 i 00 ‘In case Contractor (with the prior approval of Client) invests a 100T Rig specifically for the project, the charges payable for amortisation and repair/maintenance shall be 50,000 Euros plus compensation (13% of 50,000Euros) and transportation charges. This lump sum amount covers expenses towards amortisation charges plus repair and maintenance of 100T Rig for 6 calendar months 01 b 00 in addition to transportation, rig up and rig down time periods. 02 b 00 ’ 02 i 02 br
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00 Our understanding is that cost of 01 b 01 i 00 transportation, rig up and rig down time periods 02 i 02 b 00 are absolutely separate from the lump sum amount of 50,000 Euros during the 6 calendar months; what our Client is saying – it should be included in the lump sum amount. If we’re correct, would somebody please construct a sentence or argument that the cost of 01 b 01 i 00 transportation, rig up and rig down time periods 02 i 02 b 00 are absolutely separate. Transportation periods are considered as idle period also. 02 br
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00 Many thanks! 0-
Top answer
0 I read it as your client does. If you wish to exclude transportation, etc, then say so: 02 br 02 br 01 i 00 ‘In case Contractor (with the prior approval of Client) invests a 100T Rig specifically for the project, the charges payable for amortisation and repair/maintenance shall be 50,000 Euros plus compensation (13% of 50,000Euros) and transportation charges. 02 b 00 ’ 02 br 02 br 02 i 00 0-
- 0 I read it as your client does.
- If you wish to exclude transportation, etc, then say so: 02 br 02 br 01 i 00 ‘In case Contractor (with the prior approval of Client) invests a 100T Rig specifically for the project, the charges payable for amortisation and repair/maintenance shall be 50,000 Euros plus compensation (13% of 50,000Euros) and transportation charges.
- 02 b 00 ’ 02 br 02 br 02 i 00 0-
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3 Answers
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0 I read it as your client does. If you wish to exclude transportation, etc, then say so: 02 br
02 br
01 i 00 ‘In case Contractor (with the prior approval of Client) invests a 100T Rig specifically for the project, the charges payable for amortisation and repair/maintenance shall be 50,000 Euros plus compensation (13% of 50,000Euros) and transportation charges. This lump
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01 i 00 ‘In case Contractor (with the prior approval of Client) invests a 100T Rig specifically for the project, the charges payable for amortisation and repair/maintenance shall be 50,000 Euros plus compensation (13% of 50,000Euros) and transportation charges. This lump
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0 Our contention is that 00 transportation, rig up and rig down time periods are 'in addition to' the lump sum amount which covers... and not 'in addition of.' 02 br
00 We are really lost on this. The paragraph is not that clear, but we are trying to put he vagueness into our favour. 0-
00 We are really lost on this. The paragraph is not that clear, but we are trying to put he vagueness into our favour. 0-
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0 What more do you want to know? I just fixed it for you in my last post. 0-
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