ALS
Definition
Arm's Length Sale
als means Arm's Length Sale. Sale or exchange of Petroleum between a willing and non- Affiliated buyer and seller on the international market in exchange for payment in Foreign Exchange, excluding a sale involving…
Sale or exchange of Petroleum between a willing and non- Affiliated buyer and seller on the international market in exchange for payment in Foreign Exchange, excluding a sale involving barter, sales from government to government and other transactions motivated in whole or in part by considerations other than the usual economic incentives involved in Petroleum sales on the international market.
✓ Verified term