Примеры использования Petrolube на Английском языке и их переводы на Русский язык
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Official
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Colloquial
Unlike crude oil producers, Petrolube is not in the business of extracting and selling crude oil.
The Panel also notes that the domestic sales price during the claim periods was higher than the export sales price so that Petrolube did not suffer a loss as a result of the lost sales to Kuwait.
Petrolube provided quarterly stock records for the period from 31 December 1989 to 31 December 1991.
For this reason the Panel finds that Petrolube has not demonstrated that it suffered a compensable loss.
Petrolube alleges that the gas masks were distributed to its staff at its Jubail plant and Dammam sales office.
Petromin Lubricating Oil Company("Petrolube") was incorporated in Saudi Arabia as a joint stock company in 1969.
Petrolube demonstrated that the gas masks in question had no residual value and had been written off entirely in its accounts.
At the time of Iraq's invasion andoccupation of Kuwait, Petrolube procured its additives from two suppliers in Saudi Arabia.
Petrolube provided a summary of insurance costs for the period 6 August 1990 to 10 July 1991 and two sample invoices.
Iraq alleges that, in this instance, Petrolube would similarly have passed on the additional cost to its customers and may have earned additional profits as a result.
Petrolube substantiated payment to its staff of the temporary monthly allowances, in the aggregate amount of SAR 1,796,018.
The Panel has established, however, that Petrolube passed on all of the increased base oil and additive prices to its customers, as mentioned in paragraph above.
Petrolube provided supplier invoices and proof of payment for the acquisition of the gas masks in the amount of SAR 127,050.
With respect to the loss of profits claim,Iraq states that Petrolube has provided insufficient information about the duration of the interruption of exports and the types and quantities of lubricants involved.
Petrolube alleges that it would have earned profits of SAR 82 per barrel on the rounded shortfall in sales of 54,000 barrels.
Iraq contends that Petrolube earned additional profits due to increases in the sale prices of its products and its additional production at the time.
Petrolube did not provide the Panel with any additional invoices or proof of payment, notwithstanding requests that these documents be made available.
The Panel finds that Petrolube has provided insufficient evidence to substantiate this claim. The Panel accordingly recommends no award of compensation for increased insurance costs.
Petrolube alleges that its budget for the period in question contemplated that it would sell 173,000 barrels of differing grades of lubricating oils on the export market.
Therefore, the Panel finds that Petrolube did not earn extraordinary profits as a direct result of Iraq's invasion and occupation of Kuwait and that no set-off is required.
Petrolube contends that it was obliged to maintain excess stocks of lubricants to meet potential emergency requirements during 1991.
For these reasons the Panel finds that Petrolube has failed to provide sufficient evidence in support of the alleged losses, and therefore recommends no award of compensation for losses related to maintaining excess stocks.
Petrolube provided three internal memoranda explaining the reasons for the increased transportation costs to be associated with transportation to areas close to zones of military operations.
Additionally Petrolube demonstrated, by reference to pre-invasion invoices and schedules of purchases, that the additive prices had increased as alleged.
Petrolube calculates that, in the period from 1 September 1990 to 31 January 1991, it paid Luberef an additional SAR 19,744,946 in regard to a total of 75 purchases of base oil.
Petrolube also provided copies of letters to its customers, indicating that its own prices of finished lubricating oils had been increased as a direct result of the increased prices of both base oil and additives.
Iraq suggests that Petrolube supplied the products destined for export to the Allied Coalition Forces instead, and that the losses are not compensable pursuant to Governing Council decision 19.
Petrolube claims that, during the first period, it expected to sell 73,000 barrels of lubricants to the affected States but, due to Iraq's invasion and occupation of Kuwait, only sold 18,676.
Petrolube subsequently reduced this claim amount by SAR 40,000 as a result of the discovery that it had received a payment of this amount in partial reimbursement of the cost from the Saudi Arabian Civil Defence Authority.
Petrolube also provided notifications which it had issued to its staff, advising of the payment of the temporary monthly allowance, as well as a summary of the costs separated between Petrolube's three sites at Jeddah, Jubail and Riyadh.