area rate clause

area-rate clause. Oil & gas. A price-escalation provision in a long-term gas contract permitting an automatic increase in the contract price if any regulatory agency prescribes or allows a higher price on gas sold in the area. — Also termed FPC clause.

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词条贡献者

译者Kevin，毕业于亚洲顶尖的法学院，擅长翻译各种与国际贸易委员会诉讼 相关的法律文件。