Invoicing_Procedure 1516-Rev00 (Submitted by IOEC)

8/10/2019 Invoicing_Procedure 1516-Rev00 (Submitted by IOEC)

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South Pars Gas Field Development Phases 15&16

INVOICING PROCEDURE

Prj ID Field code Discipli ne Doc Type Serial Pars Oil and GasCompany

1516 COM FN PR 0001 Rev. No. 0 Cl ass: 1

INVOICING PROCEDURE

CONTRACT NO. POGC-801-84/240

PROJECT South Pars Gas Field Development Phases 15&16

COMPANY Pars Oil and Gas Company

CONSORTIUM GHORB, IOEC, ISOICO and SAFF


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INVOICING PROCEDURE



TABULATION OF REVISED PAGES

PAGE REV 0 REV 1 REV 2 REV 3 REV 4 PAGE REV 0 REV 1 REV 2 REV 3 REV 4


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INVOICING PROCEDURE



1. TABLE OF CONTENTS

1. INTRODUCTION

2. DISBURSEMENT OF INITIAL CONTRACT PRICE

3. INVOICING and PAYMENT

4. WORK STATEMENT

5. INVOICE FOR VARIATION ORDER

6. INVOICE FOR REIMBURSABLE ITEMS

7. FINAL ASSESSMENT AND FINAL INVOICE

8. CONTRACTORS DESIGNATED ACCOUNT

9 ATTACHMENT


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INVOICING PROCEDURE



1. INTRODUCTION

The purpose of this procedure is to define and identify the Invoicing Procedure for the LumpSum Parts of Contract, Variation Orders and Reimbursable Items in accordance with Sub-Article15.3 Progress Control and Article 32 Financing, Invoicing and Payment of the AGREEMENT,Section 4 Invoicing Schedule of Exhibit B, Section 8 Invoicing and Work Statement of ExhibitG-G1 and Section 6 Assessment of Physical Progress of Exhibit G-G5.

This procedure neither abrogate nor modifies the CONTRACT DOCUEMNTS between theCOMPANY and CONTRACTOR but supplement the CONTRACT DOCUMENTS by providingthe guidance and instructions needed to implement the various elements/requirements of the

CONTRACT DOCUMENTS.

2. DISBURSEMENT OF INITIAL CONTRACT PRICE

2.1 Advance Payment

Against provision to COMPANY of unconditional and irrevocable Advance Payment BankGuarantee, CONTRACTOR shall be entitled to submit an Invoice for Advance Payment equal to

five percent (5 %) of the initial CONTRACT PRICE in the following manner.

(1) Two point five percent (2.5 %) of the initial CONTRACT PRICE after signing date of theCONTRACT; and

(2) Two point five percent (2.5 %) of the initial CONTRACT PRICE within six (6) months fromthe EFFECTIVE DATE.

Each invoice shall be accompanied by an equivalent satisfactory irrevocable Bank Guarantee inthe form set out in Annex 1/B of the AGREEMENT and in accordance with the provisions ofSub-Article 33.2 Advance Payment Bank Guarantee of the AGREEMENT.

COMPANY shall pay the amount of the Advance Payment by telegraphic transfer to themembers bank account designated by CONTRACTOR.


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INVOICING PROCEDURE



The remaining five percent (5 %) of the initial CONTRACT PRICE shall be invoiced at theissuance of the PROVISIONAL ACCEPTANCE CERTIFICATE.

3. INVOICING and PAYMENT

3.1 Assessment of Physical Progress

The assessment of Physical Progress shall be in accordance with the following.

a) Within seven (7) days from cut-off date, CONTRACTOR shall submit the Physical ProgressReport for COMPANY APPROVAL in three (3) copies to COMPANY REPRESENTATIVE.

b) Within seven (7) days of receipt of CONTRACTORs Physical Progress Report, COMPANYshall review and approve Physical Progress Report.c) If COMPANY disputes Physical Progress, COMPANY shall return such Physical Progress

to CONTRACTOR within seven (7) days specifying in writing the items to which COMPANYobjects and the reasons for such objection.

d) CONTRACTOR shall resubmit to COMPANY the revised Physical Progress Report takinginto account COMPANYs objection or promptly ask COMPANY to have joint assessment onthe disputed Physical Progress.

e) CONTRACTOR shall then be entitled to submit his Invoice(s) for the WORK performed inaccordance with Physical Progress Report approved by COMPANY.

Physical Progress Report for Offshore Part (Part - I&II) and Onshore Part (Part - III) will beseparately submitted for COMPANY APPROVAL.

The detailed computation procedure for WORK progress figures is shown in Procedure forProgress Measurement (PMS).

3.2 Invoicing

CONTRACTOR shall, on a monthly basis, submit Invoices, for COMPANY APPROVAL, for theLump sum Part of the initial CONTRACT PRICE for the WORK actually performed during the


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INVOICING PROCEDURE



b) clearly indicate the part of the WORK for which payment is requested as per the Schedule ofinvoicing or Monthly Progress Report,

c) be established without Value Added Tax, which is not applicable to this CONTRACT, as theWORK is performed for the purposes of the construction of the PLANT in the IslamicRepublic of Iran,

d) be established in accordance with invoicing procedures under the CONTRACT,e) be supported by all necessary documents to enable COMPANYs review,f) clearly indicate all credits for sums due by CONTRACTOR including reimbursement of

advance payments, if any, with the respective amounts to be paid to the consortiummembers Bank accounts,

g) be in the name of COMPANY,

h) be sent in one (1) original (clearly stamped ORIGINAL) and three (3) copies, attachments,toFor the attention of : COMPANY REPRESENTATIVE

CONTRACTOR shall submit a single Invoice for the both of Offshore Part and Onshore Part toCOMPANY.

3.3 Disputed Invoice

COMPANY shall review and approve the Invoice(s) within twenty one (21) days from submissiondate. If COMPANY disputes on any Invoice, COMPANY shall return such Invoice toCONTRACTOR within twenty one (21) days specifying in writing the items to which COMPANYobjects and the reason for such objections.

CONTRACTOR shall resubmit COMPANY a revised Invoice taking into account COMPANYsobjections, or shall promptly establish and resubmit to COMPANY two (2) separate Invoices,one in respect of the undisputed part of the original Invoice and the other in respect of therevised part of the original Invoice.

3.4 Term of Payment


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INVOICING PROCEDURE



Work statement is a document established by CONTRACTOR on a monthly basis, with thepurpose to assess the quantity of work achieved during the period in order to support Invoicesrelated to this same period.

4.2 Principle

A Work Statement is always established on a cumulative basis. The value to be invoiced forthe month (or any other period of time) will be obtained by difference with the value approved forthe previous month.

4.3 Presentation of Document

The form of the Work Statement document shall be in conformity with the form in Appendix 3 ofExhibit G.1.

The breakdown structure of the work shall correspond to the breakdown structure of theCONTRACT PRICE, per sub-work unit, per work unit and work package as shown in the ExhibitB of the CONTRACT, the evaluation of the work starting at the lowest element of price identified,and summarized at work package level.

4.4 Addi tional w orks (approved VARIATION ORDERS)

Additional works related to approved VARIATION ORDER shall be reported on a separatedetailed sheet and evaluated on a separate line on the summary document.

4.5 Identification of Work Statement

All Work Statement shall be identified by a serial number which shall be reported on eachrelated invoice.

5. INVOICE FOR VARIATION ORDERS


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INVOICING PROCEDURE



CONTRACTOR will on the monthly basis submit a separate invoice for such reimbursable itemswith the supporting documentation to verify the incurred expenditure.

The reimbursement will be made within 30 (thirty) days from the date of the receipt byCOMPANY of the relevant invoice.

7. FINAL ASSESSMENT AND FINAL INVOICE

7.1 Final Assessment

Within sixty (60) days after the date of issue of the last PROVISIONAL ACCEPTANCE

CERTIFICATE, or, subject to provisions of Article 49 and 51 with respect to termination of theCONTRACT, CONTRACTOR shall submit for APPROVAL a detailed Final Assessment of allsums payable by COMPANY to CONTRACTOR in accordance with CONTRACT.

7.2 Final Invoice

In accordance with the APPROVED Final Assessment, CONTRACTOR shall submit his FinalInvoice for the balance due and accompanied by a duly signed Final Account Certificate in the

form set out in Annex 2 of the AGREEMENT.

Within forty (40) days from the date of receipt of the Final Invoice and all other documentationrelated thereto, COMPANY shall pay to CONTRACTOR the amount of the Final Invoice,provided that, when payment is made, CONTRACTOR shall have met all foregoingrequirements and that there are no liens registered against COMPANY property in connectionwith the WORK.

The Final Invoice shall conclude accounts between the Consortium members , and no furtherinvoices submitted for the WORK shall be accepted by COMPANY.

8. CONTRACTORS DESIGNATED ACCOUNT

Onshore (Part III) Offshore (Part I & II)


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INVOICING PROCEDURE



9. ATTACHMENT

#1. Invoice for Lump Sum Part of Contract 2 sheets#2. Work Statement (Part I) 1 sheet#3. Detailed Work Statement (Part I) 9 sheets#4. Work Statement (Part II) 1 sheet#5. Detailed Work Statement (Part II) 7 sheets#6. Work Statement (Part III) 1 sheet#7. Detailed Work Statement (Part III) 12 sheets


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Attachment #1

INVOICE FOR LUMP SUM PART OF CONTRACT FOR MONTH OF : ..

In accordance with Article 32 of Agreement, we hereby are pleased to invoice you as follow s ;

TO : PARS OIL AND GAS CO. Date :

133, POGC Building, Parvin Etasemi Corn er,

Fatemi Ave., Tehran, Iran Invoice No. :

ATTENTION : Mr. A. Nobakhti

Project Director & Company Representative Analytical Code :

Unit : US$

A. Value of w ork Perfo rmed Th is Month

B. Gross Invo ice Value (uplif ted by 10%)

C. Deduction (a+b+c)

a. Advance Paymentb. Corporate Income Tax

c. Social Security Organization

D. Net Invoice Value (B-C)

BANK REFERENCE & ACCOUNT NO. PAYMENT DUE DATE :

USD Ac co un t No . :

Bank Name : Bank Melli Iran

Branch Name : Markazi Branch 1. Invoice Register

Swift Code : MELI IRTH060 2. Approved Progress Report

500031

Pars Oil andGas Company

SOUTH PARS GAS FIELD DEVELOPMENT( PHASES 15 & 16 )

POGC-801-84/240

TOTAL(PART I+II+III)

PART I :OFFSHOREPLATFORMS

PART II :OFFSHOREPIPELINES

PART III :ONSHOREFACILITIES

TOTALOFFSHORE(PART I+II)

Onshore (Part III) Offshore (Part I & II)


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INVOICE REGISTER FOR LUMP SUM PART OF CONTRACT

PROJECT : South Pars Gas Field Development Phase 15&16 DATE :

CONTRACT NO. : POGC-801-84/240 Unit : US$

INVOICE NO MONTH DESCRIPTIONINVOICE

AMOUNT

CUMULATIVEINVOICE

AMOUNTISSUED DATE

PAYMENTDUE DATE

RECEIVEDDATE

CUMULATIVERECEIVED AMOUNT

REMARKS


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Attachment #2

CONTRACT NO. : POGC-801-84/240 CONTRACTOR :

COST CODE :

CUT OFF DATE :

SUMMARY

WORK PACKAGENO.

DESCRIPTIONCONTRACT

VALUE (US$) VALUE OF WORK

PERFORMED

1 Engineering

2 Procurement Contractor Items

3 Not used

4 Yard fabrication

5 Mobilization and Demobilization

6 Site work

7 Pre-commissioning, Commissioning, Start-up and Performance Test

8 Management Project Control, Administration

9 General Services

Fiber Optic Net work

GROSS INVOICE VALUE (Uplifeted by 10%)

DEDUCTIONS

PREVIOUS MONTH STATEMENT

VALUE TO BE INVOICED FOR THE MONTH

TOTAL CUMULATIVE AS OF

CURRENCY : US$

PARS OIL & GAS COMPANY

SOUTH PARS GAS DEVELOPMENT( PHASES 15 & 16 )

WORK STATEMENT

NO :

MONTH :

TITLE OF CONTRACT : OFFSHORE PLATFORMS


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Attachment #3


COST CODE :

CUT OFF DATE :

SUMMARY

WORK PACKAGENO.

DESCRIPTIONCONTRACT


PERFORMED

1 Engineering

2 Procurement Contractor Items

3 Not used

4 Yard fabrication


6 Site work

7 Pre-commissioning, Commissioning, Start-up and Performance Test

8 Management Project Control, Administration

9 General Services

Fiber Optic Net work


DEDUCTIONS




CURRENCY : US$



WORK STATEMENT

NO :

MONTH :

TITLE OF CONTRACT : OFFSHORE PLATFORMS


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Attachment #4


COST CODE :

CUT OFF DATE :

SUMMARY

WORK PACKAGENO.

DESCRIPTIONCONTRACT


PERFORMED

1 Engineering

2 Procurement contractor items

3 Not used

4 Yard fabrication


6 Site work

7 General services


DEDUCTIONS

CURRENCY : US$



WORK STATEMENT

NO :

MONTH :

TITLE OF CONTRACT : OFFSHORE PIPELINES





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Attachment #5

PARS OIL & GAS COMPANY NO.

DATE :

MONTH :

1

2

3

4

5

6

7

TOTAL GRAND TOTAL US ( $ )

General Services

Not Used

Yard Fabrication

Mobilization and Demobilization

Site work


DETAILED WORK STATEMENT

PART II : OFFSHORE PIPELINES

VALUE OF WORKPERFORMED

Engineering

Procurement Contractor Items

WORK UNITNO.

DESCRIPTION CONTRACT VALUE (US$)

PROGRESS %

Cumulative last

This monthCumulative this month

Page 1 of 7


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DATE :

MONTH :

1.1

1.2 Detailed Engineering

1.3 Installation Engineering

1.4 Management of EXTERNAL INTERFACE

1.5

1.6 FINAL DOCUMENTATION

TOTAL TOTAL US ( $ )

PROGRESS %

VALUE OF WORKPERFORMEDCumulative

lastThis month

Cumulative this month

WORK UNITNO.

SUBW.U.NO

DESCRIPTION

Material Tracking System Implementation

Basic Engineering

CONTRACT VALUE (US$)




Work Package No.1 : Engineering

Page 2 of 7


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DATE :

MONTH :

2.1

2.2

2.3

2.4

2.5

2.6

2.7




Work Package No.2 : Procurement

WORK UNITNO.

SUBW.U.NO


PROGRESS %


lastThis month


Commissioning and Start-up

Spare Parts


Line Pipe Materials

Piggyback Line Materials

Anti-corrosion Coating Materials

Weight Coating Materials

Cathodic Protection Items (excluding Rectifier)

Other Contractor Items

Page 3 of 7


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DATE :

MONTH :

4.1

4.1.1

4.1.2

4.1.3

4.2

4.3

4.4 Load out and Sea Fastening


Coating Application and Anode Installation

External Anti-corrosion Coating

Sacrificial Anode Installation

Weight Coating

Welding/ NDT Qualification

Prefabrication Work

PROGRESS %


lastThis month


WORK UNITNO.

SUBW.U.NO





Work Package No.4 : Yard Fabrication

Page 4 of 7


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DATE :

MONTH :

5.1

5.2

5.2.1

5.2.2

5.2.3

5.2.4

5.2.5

5.3

5.3.1

5.3.2

Mobilization and Demobilisation of CONSTRUCTION EQUIPMENT for Line Laying WORKS Mobilisation and Demobilisation of CONSTRUCTIONON EQUIPMENT for Other WORK


DETAILED WORK STATEMENTPART II : OFFSHORE PIPELINES

Work Package No.5 : Mobilization/Demobilization

WORK UNITNO.

SUBW.U.NO

DESCRIPTION CONTRACT VALUE (US$)PROGRESS %


lastThis month


Logistic Support for Laying Operations


Mobilization Manual and Inspection of CONSTRUCTION EQUIPMENT Mobilisation/Demobilisation of CONSTRUCTION EQUIPMENT

Onshore/ Offshore Logistic Support

Logistic Support for Shore Approach

Mobilization and Demobilisation of CONSTRUCTION EQUIPMENT for On-shore WORKS Mobilization and Demobilisation of CONSTRUCTION EQUIPMENT for Shore Approach WORKS Mobilization and Demobilisation of CONSTRUCTION EQUIPMENT for Tie-in WORKS

Page 5 of 7


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DATE :

MONTH :

6.1

6.2

6.3

6.4

6.5

6.6

6.7


Surveys

Temporary Protection / Crossings / SITE Preparation Transportation from WORKSITE to SITE

Lines Laying

Free Span Reduction

Dog Leg Installation and Hyperbaric Tie-in to Risers Pre-commissioning, Commissioning,

Hydrotesting

PROGRESS %


lastThis month


WORK UNITNO.

SUBW.U.NO





Work Package No.6 : Site Work

Page 6 of 7


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DATE :

MONTH :

7.1

7.2

7.2.1

7.2.2

7.3 Services to Company Training

Vendor Assistance

Third Party Services

Third Party Agency Services

Marine Warranty Surveyor Services





Work Package No.7 : General Services


PROGRESS %


lastThis month


WORK UNITNO.

SUBW.U.NO

DESCRIPTION

Page 7 of 7


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Attachment #6


COST CODE :

CUT OFF DATE :

SUMMARY

WORK PACKAGENO.

DESCRIPTIONCONTRACT


PERFORMED

1 Management, Project Control and Administration

2 General Services

3 Engineering

4 Procurement, Supply and Transportation

5 Not Used

6 Plant Construction

7 Construction Camp

8 Commissioning

9 Start-up & Performance Tests





CURRENCY : US$



WORK STATEMENT

NO :

MONTH :

TITLE OF CONTRACT : ONSHORE FACILITIES


23/34


24/34


DATE :

MONTH :

1.1

1.2



Work Package No.1 : Management, Project Control & Administration

PART III : ONSHORE FACILITIES

TOTAL US ( $ )

PROGRESS %

TOTAL GRAND

Management

Project Control & Administration


SUBW.U.NO

WORK UNITNO. Cumulative

last

DESCRIPTIONThis month



Page 2 of 12


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DATE :

MONTH :

2.1

2.2

2.2.1

2.2.2

2.2.32.2.4

2.3

2.3.1

2.3.2

2.3.3

2.3.42.3.5

2.3.6

2.3.7

At Contractor's/Subcontractors Iranian Offices

At Harbour At SITE

At Construction Camp

Civils Inspection TPA

Services & Facilities to COMPANY

At Contractor Main Office

At Major Subcontractors


SUBW.U.NO


lastDESCRIPTION This month Cumulative

this month

TOTAL US ( $ )

PROGRESS %

TOTAL GRAND

Work Package No.2 : General Services

Training Services


Certification TPA

Marine Warranty Surveyor TPA

Electrical Inspection TPA

Vendor Assistance

Third Party Authorities




Page 3 of 12


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DATE :

MONTH :

3.1

3.2

3.2.1

3.2.2

3.2.3

3.2.4

3.2.5

3.2.6

3.2.7

3.2.8

3.2.9

3.2.10

3.2.11

3.2.12

3.2.13

3.3

3.3.1

3.3.2

3.3.3

3.3.4

PROGRESS %

Structural Steel

Civil and Underground


DETAILED WORK STATEMENTPART III : ONSHORE FACILITIESWork Package No.4 : Procurement, Supply & Transportation

WORK UNITNO.

SUBW.U.NO


Building/Architectural/HVAC

Electrical

Instrumentation

Process

Piping/Layout

Painting/Insulation/Fireproofing

Pressure Vessels / Heat Exchangers / Air Coolers and Storage Tanks

Telecommunication

Safety and Environmental

Miscellaneous

Process

Mechanical Equipment

This month VALUE OF WORK

PERFORMEDCumulative this month

Construction Engineering

Fornt End Engineering & Design

Detailed Engineering

Civil and Underground

Cumulative last

Structural Steel

Mechanical Equipment

Page 4 of 12


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DATE :

MONTH :

3.3.5

3.3.6

3.3.7

3.3.8

3.3.9

3.3.10

3.3.11

3.3.12

3.3.13

3.3.14

3.5


this month

Miscellaneous

Instrumentation

Electrical

Building/Architectural/HVAC

Pressure Vessels / Heat Exchangers / Air Coolers and Storage Tanks

Painting/Insulation/Fireproofing

Piping/Layout

PROGRESS %

TOTAL US ( $ )TOTAL GRAND

Safety and Environmental

Telecommunication

SITE

Final Documentation


DETAILED WORK STATEMENTPART III : ONSHORE FACILITIESWork Package No.4 : Procurement, Supply & Transportation

Cumulative last

This monthWORK UNIT

NO.SUB

W.U.NODESCRIPTION CONTRACT VALUE (US$)

Page 5 of 12


28/34


DATE :

MONTH :

4.1

4.2


SUBW.U.NO Cumulative

this month

Electrical Generators

Procurement, Supply & Transportation Procurement ActivitiesPurchasingExpeditingInspection and TestingMaterial Control System



PROGRESS %

Work Package No.4 : Procurement, Supply & TransportationPART III : ONSHORE FACILITIES


lastDESCRIPTION

This monthCONTRACT VALUE (US$)

ForwardingCustoms Clearance

Supply Equipment

Vessels, Columns, DrumsExchangers / CondensorsTanksPackage EquipmentCompressorsFilters

Miscellaneous Lifting DevicesHVAC

Electric Motors

TelecomsSafety / Fire FightingInstrumentationSwitchgears

Page 6 of 12


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DATE :

MONTH :

4.3

4.64.74.8

Protective Coatings Insulation Other

TOTAL US ( $ )

Operating Consumables & First Aids Supply of Spare Parts Procurement for 2 Years Sparts

TOTAL GRAND

Telecoms HVAC Buildings / Architectural Fire Protection

Valves Pipe Supports Electrical Instrumentation

CivilsStructuralPipingFittings



Supply of Bulk Materials



this month



PROGRESS %

Work Package No.4 : Procurement, Supply & TransportationPART III : ONSHORE FACILITIES


last

Page 7 of 12


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DATE :

MONTH :

6.1

6.1.1

6.1.2

6.1.3

6.2

6.2.1

6.2.2

6.2.3

6.2.4

6.2.5

6.3

SITE Utilities

Disposals

Welding and NDT Procedures

Electrical

Piping

Civil & Underground works

Qualification

d) Construction Communication Systems e) Housekeeping

SITE Facilities

Demobilisation

a) Power

b) Fresh Water c) Wastes from SITE



PROGRESS %

Work Package No.6 : Plant ConstructionPART III : ONSHORE FACILITIES


lastDESCRIPTION




this month

Plant Construction

Site Preparation & Site Access

Site Preparation

Site Access & Roads

Bridge Crossing/By-passing

Site Establishment

Mobilisation

Page 8 of 12


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DATE :

MONTH :

6.4

6.5

6.6

6.7

HVAC



this month

Telecommunications

Instrumentation

Preservation / Protection of Equipment & Systems Any other Construction Work

Any other Disciplines

Safety and Security

Safety and Fire fighting

Painting and Coating

Insulation

Buildings and Architectural

Equipment Packages

Steel Work

Pre-Commissining



PROGRESS %

Work Package No.6 : Plant ConstructionPART III : ONSHORE FACILITIES


lastDESCRIPTION


Page 9 of 12


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DATE :

MONTH :

7.1

7.2

7.3

7.3.1

7.3.2

7.3.3

7.3.4

7.3.5

7.3.6

7.4

Site utilities for camp construction

Camp Operation and Maintenance

Administration and Operation

Maintenance

Wastes Disposal

Communication Systems

SITE/PLANT/CAMP Access and

TransportSafety and Security



this monthCumulative

last





TOTAL US ( $ )

PROGRESS %

TOTAL GRAND

Work Package No.7 : Construction Camp

Construction

WORK UNITNO.

Dismantling and Removal of Camp


Page 10 of 12


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DATE :

MONTH :

8.1

8.2


SUBW.U.NO


last






TOTAL US ( $ )

PROGRESS %

TOTAL GRAND

Work Package No.8 : Commissioning


Commissioning

Pre-Start up Activities & Reinstatement

Page 11 of 12


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DATE :

MONTH :

9.1

9.2



TOTAL US ( $ )

PROGRESS %

TOTAL GRAND

Work Package No.9 : Start-up & Performance Tests


Start-up Activities

Performance Tests

CONTRACT VALUE (US$) VALUE OF WORKPERFORMED

SUBW.U.NO


last



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Invoicing_Procedure 1516-Rev00 (Submitted by IOEC)

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