Section 14, Oil Agreement (1979)(Ratification) Act, 1982

(0) The Companies hereby undertake that the sale price of the Petroleum which they produce or any products thereof shall be the best prico which the Company can obtain in a free competitive market. (ii) For the purpose of this Agreement posted prices shall mean the FOB prices received by the Companies for each grade, gravity and quantity of Petroleum offered forsale to buyers generally for export at thorelevant points of export in Sierra Leone which price shall be a price received with due regard to any other posted prices for Petro leum of comparable grade, gravity and quality and having regard to geographical location. (üi) The Government and the Companies may at any time agree on prices other than posted prices, to be known as reference prices, to serve as a bassis of computation for any of the cases in which posted prices have to be taken as a basis of computation under the provisions of this Agreement. (iv) If a difference arises between the Government and the Companies concerning the determination of posted prices it shall be determined by arbitration. GENERAL PROVISIONS