Model Form Interpretations - MFIs

This document provides recommendations to aid in the interpretation and application of the 1962 Model Form so there can be a common ground of understanding in negotiations. Users will read detailed recommendations and explanations for the five major sections of the accounting procedure: General Provisions: Direct Charges, Indirect Charges, Basis for Charges to Joint Account, and Disposal of Material.  26 pages. Pub 1966.  

This document provides recommendations to aid in the interpretation and application of the 1968 Model Form so there can be a comon ground of understanding in negotiations.  Users will read detailed recommendations ane esplanations for five major sections of the accounting procedure:  General Provisions, Direct Charges, Indirect Charges, Basis for Charges to Joint Account, and Disposal of Material.   43 pages. Pub 1969.  

Rather than a detailed explanation of each provision of this Model Form, this document explains the difference in concept and intent between the needs of traditional operations as expressed in the COPAS '62, COPAS '68, and COPAS '74 Model Forms an those needs of arctic operations.  13 pages.   Pub. 1975  

This document provides recommendations to aid in the interpretation and application of the 1974 Model Form so there can be a common ground of understanding in negotiations. Users will read detailed recommendations and explanations for four major sections of the accounting procedure: General Provisions, Direct Charges, Overhead, Pricing of Joint Account Material Purchases, Transfers and Dispositions, and Inventories.  23 pages - Published in 1975.

This document provides recommendations to aid in the interpretation and application of the 1976 Offshore Model Form so there can be a common ground of understanding in negotiations.  Users will read detailed recommendations and explanations for four major sections of the accounting procedure:  General Provisions, Direct Charges, Overhead, and Pricing of Joint Account Material Purchases, Transfers and Dispositions.   25 pages. Pub. 1977 

This document explains potential conflicts in the appropriate employee benefits rate to assess and provide recommended language to resolve the problem.  2 pages.  1982. 

This document provides recommendations to aid in the interpretation and application of the 1984 Model Form so there can be a common ground of understanding in negotiations.  Users will read detailed recommendations and explanations for all five major sections of the accounting procedure:  General Provisions, Direct Charges, Overhead, Pricing of Joint Account Material Purchases Transfers & Dispositions, and Inventories.   37 pages. Rev. 1985

This document discusses the issues associated with an Operator's use of affiliates, subsidiaries, and/or related entities and provides guidelines for determining if the costs for such material or services should be priced at third party rates or at rates for equipment or facilities furnished by the operator. 4 pages. 2010.

This document provides recommendations to aid in the interpretation and application of the 1986 Offshore Model Form so there can be a common ground of understanding in negotiations.  Users will read detailed recommendations and explanations for all five major sections of the accounting procedure:  General Provisions, Direct Charges, Overhead, Pricing of Joint Account Material Purchases Transfers & Dispositions, and Inventories.   40 pages. Pub 1987

This document provides guidance as to the difference between Indirect Costs (covered by overhead) and Direct Costs and provides an overview of Overhead provisions specific to each Model Form to increase awareness regarding the implications and consequences associated with various Overhead options.  The document includes detailed discussions of District Expense, Administrative overhead, Warehousing, First Level Supervision, Technical Labor, Personal Expenses, Major Construction, Catastrophe, and Project Team Overhead, and several other areas whe

This document recommends uniform guidelines be used regarding cash, trade and volume discounts received for materials and services purchased specifically for the Joint Account. 14 pages. 2016. 

This document provides detailed definitions of standard account classifications of cost data for recording so that summary form billing to non-operators will be standardized as to explanations of the specific nature of the amounts billed.  20 Pages. Rev. 1994. 

This document provides explanations and lists of costs which should and should not be included in the operator's employee benefits percentage calculation applied to chargeable labor costs.  6 pages.  2011.   

This document provides recommendations to aid in the interpretation and application of the 1995 Model Form so there can be a common ground of understanding in negotiations.  Users will read detailed recommendations and explanations for all five major sections of the accounting procedure:  General Provisions, Methods of Charges to the Joint Account, Costs Incurred on the Joint  Property, Costs Incurred Off the Joint Property, Overhead, Material Purchases, Transfers & Dispositions, and Inventories & Controllable Material

This document addresses the issue of the difficulty for an operator to calculate its cost of workers' compensation and employer's liability insurance when it is self-insured and provides guidance as to the manual rates chargeable for different states and offshore and for various job classifications.   4 pages.  1996.   

This document addresses the chargeability of employee and contract employee training charges when the operating agreement is silent, or where there is conflict between the operator and non-operator as to the chargeability. Included are tables of chargeable and non-chargeable training costs for each vintage of Mondel Form Accounting Procedure. September 2013. 25 pages. 

Most JOA's do not address audits of Payout Accounts. This document clarifies the audit rights related to a non-participants's share of expenses for non-consent situations in the absence of specific audit rights in the JOA.   3 pages.  1997. 

This document discusses the changing nature of employee compensation, defines Incentive Compensation Programs (ICP)s, and provides guidance on methods of charging ICPs to the joint account.  3 pages. 1997. 

This document is the standard for providing suggested guidelines in pricing material transfers and dispositions. Included are comments on material costs, transportation costs, material preparation expenditures and loading, hauling and unloading costs. 84 pages. Rev. 2016. 

This document provides recommendations to aid in the interpretation and application of the 1998 Project Team Model Form so there can be a common ground of understanding in negotiations.  Users willread detailed recommendations and explanations for all five major sections of the accounting procedure:  General Provisions, Direct Charges, Overhead, Material Purchases Transfers & Dispositions, and Inventories of Controllable Material.  68 pages.  Pub. 1998. 

This document discusses industry inconsistencies in the interpretation and application of the 24-month adjustment period and explains situations and provides examples of the situations where charges may be allowed outside the 24-month adjustment period.  4 pages.  1998. 

Given the elimination of the traditional paper trail with electronic invoicing, this document explains the types of documentation required to support various types of electronic invoices.  3 pages.  1998. 

This document provides guidance on documentation required for charges originating from the use of Procurement Cards or Convienience Checks.  3 pages.   1998.  

This document explains what is considered adequate documentation supporting joint account charges and credits and the operator's and non-operator's responsibilities regarding the documentation of lack thereof.   3 pages.  1999.