changes to hydrocarbon accounts

Changes to Hydrocarbon Accounts


Where INEOS has to re-run the hydrocarbon accounts to correct for a customer's late delivery of data or delivery of inaccurate data, INEOS shall make a charge of £10,000 (escalated using standard TPA escalation index) per month that has to be re-run. This charge is to cover the cost of the re-run, re-issue of reports and administration.

Where a customer operator requests a simple correction of balances in the hydrocarbon accounts to correct for customer late delivery of data or delivery of inaccurate data, INEOS shall make a charge of £1,000 (escalated using standard TPA escalation index) to cover the cost of implementing the change and administration. This option is only available where no other customer's data would be affected by the correction.