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Anonymous Posted 19 years ago
Legal Studies

Argument on interpretation of the Agreement

0Hello, I would like to get some opinions if our understanding to below paragraph in an agreement is correct. (We’re on the Contractor side)02br
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01i00‘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 01b00in addition to transportation, rig up and rig down time periods.02b00’02i02br
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00Our understanding is that cost of 00 01b01i00transportation, rig up and rig down time periods02i02b00 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 01b01i00transportation, rig up and rig down time periods02i02b00 are absolutely separate. Transportation periods are considered as idle period also.02br
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00Many thanks!0-
  
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