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'File 5/1 XI Kuwait Oil Company' [29r] (62/452)
The record is made up of 1 file (222 folios). It was created in 28 Nov 1934-28 Dec 1934. It was written in English and Arabic. The original is part of the British Library: India Office The department of the British Government to which the Government of India reported between 1858 and 1947. The successor to the Court of Directors. Records and Private Papers Documents collected in a private capacity. .
Transcription
This transcription is created automatically. It may contain errors.
is:
ARTICLE 25.
The Company shall have the right at any time to
abandon the undertaking upon giving three calendar months
previous notice in writing to the Prince of its intention
to do so. No such notice shall be given, however, until at
least three years have expired from the final signature of
this agreement. Upon the expiration of such notice, this
agreement shall absolutely determine. Upon such
determination, all buildings and structures of a permanent
nature shall become the property of the Prince v/ithout
payment, but the Company shall have the right to remove
all other property of the Company in Kuwait and to export
the same free of export duty provided that the Prince, upon
so notifying the Company at any time during the currency of
the said notice, may purchase the said property or any part
thereof at a price equal to the replacement value thereof at
that date less depreciation, which price shall be fixed by
agreement or by arbitration under Article 26 hereof, and
provided that the Company shall have no right to remove any
of the said property or to receive any sum by way of price
thereof until all amounts due to the Prince up to the date
of such determination have been paid or fully set off by
the said price
ARTICLE 26.
IN the event of difference or dispute arising out of
this agreement between the contracting parties, the Prince
and the Company undertake to refer the point in difference
or in dispute to Arbitration in Kuwait. Each party to
nominate and appoint his own Arbitrator within sixty days
from the date of receipt by him of the intimation given by
the other party calling for nomination of the Arbitrator.
Should/
About this item
- Content
This file contains letters and agreements relating to the initiation of oil operations in Kuwait. The papers discuss the legal and logistical details of the Kuwait Oil Company's initial operations. This includes copies of some of the official contracts signed by the Ruler of Kuwait in both English and Arabic.
- Extent and format
- 1 file (222 folios)
- Arrangement
The papers are arranged in approximate chronological order from the front to the rear of the file.
- Physical characteristics
Foliation: the main foliation sequence (used for referencing) commences at the inside front cover with 1, and terminates at the inside back cover with 224; these numbers are written in pencil, are circled, and are located in the top right corner of the recto The front of a sheet of paper or leaf, often abbreviated to 'r'. side of each folio. Two additional foliation sequences are present in parallel between ff 213-219; these numbers are also written in pencil, but are not circled.
A previous foliation sequence, which is also circled, has been superseded and therefore crossed out.
- Written in
- English and Arabic in Latin and Arabic script View the complete information for this record
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'File 5/1 XI Kuwait Oil Company' [29r] (62/452), British Library: India Office Records and Private Papers, IOR/R/15/5/246, in Qatar Digital Library <https://www.qdl.qa/archive/81055/vdc_100074394834.0x00003f> [accessed 30 October 2024]
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Copyright: How to use this content
- Reference
- IOR/R/15/5/246
- Title
- 'File 5/1 XI Kuwait Oil Company'
- Pages
- 12r:32v, 133r:148v
- Author
- Unknown
- Usage terms
- The copyright status is unknown. Please contact [email protected] with any information you have regarding this item.