RSC is defined as a contract under which a contractor undertakes to carry out work (services) in order to increase the production of hydrocarbons at its own expense and risk, with the right to acquire a portion of the incremental quantities of hydrocarbons as compensation and compensation for the contractor`s costs. All geological, technical, technological and financial risks associated with the implementation of RSC are therefore borne by the contractor and neither the clandestine user nor the government of Uzbekistan is responsible for their reimbursement. Concession AgreementIn the typical oil and gas concession agreement, oil-producing countries or a competent management authority grant contractors the operation of oil projects and the right to develop projects in exchange for a number of in-kind payments or contributions. This source of government revenue can take many forms, but generally includes one or more of the following: fixed rents, royalties (based on sales), surcharges (effective reduction of the potential for increase of sponsors) and taxes (income and tariffs). Thanks to our know-how and extensive network, we can provide all the commercial, financial and technical services necessary to conclude and implement this agreement. Our services include „potential risk estimation“ and furthermore, it is customary for transfers to require transfers to carry certain types and amounts of commercial insurance to ensure that financial resources are available in the event of a loss. Given that it is likely that the seller, the independent supplier or lessor does not have sufficient liquidity in Harvard`s supply chain, all independent vendors and contractors who sell goods to Harvard, are represented at Harvard or provide services on behalf of Harvard, or provide services on behalf of Harvard, should be required to maintain a minimum of commercial insurance covering the rights or losses arising from the provision of these goods and services. This obligation to maintain insurance also applies to any person and/or entity that indirectly provides goods and/or services to Harvard through these providers/contractors (. B, for example, „subcontractors“). [Note: Contractors that provide construction services and companies that provide building planning or engineering services for investment projects (as defined by Harvard Cape) should instead meet the minimum insurance amounts listed in Harvard`s standard construction and design contracts available on the Capital Projects (CAPS) website.

The regulations list the minimum requirements that CSRs must meet. There are therefore specific obligations imposed on the contractor with respect to (i) the implementation of measures to prevent negative effects on the environment; (ii) the use of modern technologies and effective management; (iii) the priority purchase of goods, works and services by Uzbek companies; (iv) the employment and training of Uzbek citizens. (2) do not apply to investment project construction agreements; On the HPPM/CAPS website, you`ll find model agreements that reflect standard practices for capital projects. When a buyer does not collect and implement guidelines from one of the two groups, or otherwise adheres to the contractual risk management standards and practices presented here, the university risks collectively and collectively exposing its academic or administrative unit to significant financial losses. Although Harvard has its own insurance programs, there are certain kinds and parts of losses that Harvard cannot or cannot insure against.