DOCSLIB.ORG

Belize Natural Energy Lto 11212003

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Belize Natural Energy Lto 11212003 BELIZE NATURAL ENERGY LTO 11212003 TABLE OF CONTENTS Article Page Definitions.................................................................................... 4 II Grant of Rights to Contract... .............................................................. 7 III Tern1................................................................................... 9 IV Relinquishment............................................................................... 10 V General Obligations ofthe Contractor..................................................... 11 VI Minimum Work and Expenditure Obligations.............. 13 VII Obligations ofthe Government........................................................ ..... 21 VIII Royalty/Production Payment ,. ... ... .. ... .... ... .. 21 IX Recovery of Petroleum Operations Expenditures Production Sharing................ 22 X Valuation and Measurement of Petroleum... 23 XI Marketing, Production (Royalty) Payment in Kind and Domestic Requirement... 24 XII Payment Procedure............................................ 26 XIII Surface Rentals.......... 26 XIV Natural Gas................................................................................. ... 27 XV Taxes......... 28 XVI Exemptions from Custom Duties..... 29 XVII Exchange and Currency Controls............................... 30 XVIII Title to Equipment............................................................... 30 <, XIX -- Government Participation................................................................... 30 XX Training and Employment. .. ... ... ... .. ..... .. ... ....... ....... ... .... ... ... .. .... ..... .. ... 31 XXI Purchases in Belize........................................................................... 32 XXII Unitization.................................................................................. 32 XXIII Danger to Persons, Property or Environment............................................. 33 XXIV Arbitration..................................................................................... 34 XXV Ten11ination............................................... 35 XXVI Books, Accounts and Audits, Records, Reports and Inspections.. 36 XXVIJ! Insurance and Indemnification.............................................................. 38 XXVIII Assignn1ent.................................................................... 39 - 1 ­ BELIZE NATURAL ENERGY LTD 1/2/2003 XXIX Law of the Agreement... .. 40 XXX Force Majeure........... 40 XXXI Entire Agreement and Amendments................... 40 XXXII Waiver...... 40 XXXIII Confidentially................................................................................ 41 XXXIV Notices... 41 Exhibit A Description ofcontract area..................... 42 Exhibit B Map of contract area... .. 43 Exhibit C Security - Guarantee.............................................. 44 Exhibit D Letter of Assurance............................................... 46 Signing pages................................................................................. 48 --~\" Annex-1 Commissioner's Bulletin (Income Tax) . - 2 ­ BELIZE NA rURAL ENERGY L TO 1/2/2003 PRODUCTION SHARING AGREEMENT ~ THIS AGREEMENT, made and entered into this L day of ~",-~v.:j,of2003, by and between the GOVERNMENT OF BELIZE, (hereinafter referred to as the "Government") acting through the Minister of Natural Resources, the Environment, Industry and Trade and BELIZE NATURAL ENERGY LTD., a corporation duly organized under the laws of BELIZE (hereinafter referred to as the "Contractor"). WHEREAS, the entire property in, and control over all Petroleum resources in or under the territory of Belize is vested in the Government on behalf of Belize; AND WHEREAS, no petroleum operations shall be conducted in Belize by any person other than the Government unless such person has entered into a contract in accordance with the Petroleum Act Chapter 225 Substantive Laws of Belize, Revised Edition 2000; AND WHEH..EAS, the Government wishes to promote the exploration for and production of the petroleum resources in and throughout the contract area, and the Contractor desires to join and assist the Government in accelerating the exploration for and production of the petroleum resources within the contract area; AND WHEREAS, the Contractor represents that it has the financial resources, technical competence and professional skills necessary to carry out the petroleum operations hereinafter described; AND WHEREAS, the Contractor is in agreement to the creation of Blocks - SA and 5B of which negotiations may lead to the award of Block 5 of otherwise; AND WHEREAS, the Contractor cognizance of the potential for land sterilization in Block SA and/or 5B agree(s) to the timely negotiations and development of petroleum operations in Blocks SA and/or 5B; AND WHEREAS, the Contractor understands that successful implementation of contractor's rights and obligations hereunder may involve cross-boundary and/or cross-border hydrocarbon deposits and concomitant Joint Development Agreement(s) (JDAs); AND WHEREAS, the Government and the Contractor agree that this Agreement is in compliance with all Belize statutes, regulations and laws which govern or regulate the exploration, development and production of petroleum in Belize; AND WHEREAS, the Government and the Contractor agree that this Agreement is bound by all Belize statutes, regulations and laws which govern or regulate the exploration, development and production of petroleum in Belize which are in effect at the time this Agreement was signed; AND WHEREAS, the Government and the Contractor agree that this Agreement was freely negotiated at arms length; AND WHEREAS, both the Government and the Contractor were represented by counsel with respect to the drafting and negotiation ofthis Agreement; AND WHEREAS, the Government and the Contractor agree that the geographic area covered under this Agreement is that of Blocks 5B, 18, and parts of 15 and 6 respectively, referenced by coordinates in exhibit A, attached hereto, and a map exhibit B, attached hereto; AND WHEREAS, the Government has accepted the application for Blocks 5B, 18, and parts of 15 and 6 respectively, made by Belize Natural Energy Ltd. and submitted to the Geology & Petroleum Department as a single area subject to an administrative fee of US$10,OOO); - 3 ­ BELIZE NATURAL ENERGY LTD 1/2/2003 AND WHEREAS, the award of Blocks 5B, 18, and parts of 15 and 6 respectively, is dependent on, infer alia, success of negotiation process and approval of project proposal (work programme) including applicable Environmental Studies; AND WHEREAS, the Government and Contractor agree in the event that Petroleum Block 5A becomes vacant and available for application(s), the Contractor shall be accorded first consideration to apply for Block A as an Amendment to the Block B Production Sharing Agreement (PSA). NOW, THEREFORE, THE PARTIES HERETO HEREBY AGREE AS FOLLOWS: ARTICLE I Definitions 1.1 In this Agreement, the following terms shall have the following meanmgs: 1.1.1 "affiliated company" means any entity directly or indirectly effectively controlling, or effectively controlled by, or under direct or indirect effective common control of, a specified entity. For the purposes of this definition, "control", when used with respect to any specified entity, means the power to direct, administer and dictate policies of such entity (it being understood and agreed that it is not necessary to own directly or indirectly fifty percent (50%) or more of such entity's voting securities to have effective control over such entity, but ownership, direct or indirect, of fifty percent (50%) or more of such entity's voting securities shall automatically indicate effective control), and the terms "controlling" and "controlled" have meanings corresponding to the foregoing; 1.1.2 "appraisal well" means a well drilled within the contract area, following a discovery, for the purpose of delineating the petroleum reservoir(s) to which the discovery relates in terms of thickness and lateral extent and estimating the quantity of recoverable petroleum therein; 1.1.3 "barrel" means a quantity or unit of crude oil equal to 158.9874 liters (forty-two (42) United States gallons) at a temperature of sixty (60) degrees Fahrenheit (15.56 degrees Centigrade) under one atmosphere of pressure; 1.1.4 "barrel equivalent" means one barrel of oil is equivalent to six thousand cubic feet of gas, equivalent to 1.64 Mega Watt Hours Electricity. 1.1.5 "calendar year" means a period of twelve (12) consecutive months, according to the Gregorian Calendar, starting with the 1st of January and ending with the 31st of December; 1.1.6 "calendar month" or "month" means any of the twelve (12) months ofthe calendar year; 1.1.7 "carried interest" means a commercial arrangement between Contractor and Government whereby, expenditures due from the Government in ajoint venture are initially met by Contractor. 1.1.8 "commercial discovery" means a discovery of petroleum which can be exploited commercially in accordance with accepted - 4 ­ BELIZE NATURAL ENERGY LTD 1/2/2003 practices in the international petroleum industry; I. I. 9 "continental shelf' means the part of the seabed and subsoil of the submarine areas adjacent to the coast of Belize, but outside the territorial waters, over which Belize is entitled by international law to exercise sovereign rights for the purposes of exploring and exploiting its natural resources; 1.1.10 "contract area" means a geographical area which is covered by the contract; and includes
Load more

Recommended publications
  • A Study of the Garifuna of Belize's Toledo District Alexander Gough
    Indigenous identity in a contested land: A study of the Garifuna of Belize’s Toledo district Alexander Gough This dissertation is submitted for the degree of Doctor of Philosophy September 2018 Lancaster University Law School 1 Declaration This thesis has not been submitted in support of an application for another degree at this or any other university. It is the result of my own work and includes nothing that is the outcome of work done in collaboration except where specifically indicated. Many of the ideas in this thesis were the product of discussion with my supervisors. Alexander Gough, Lancaster University 21st September 2018 2 Abstract The past fifty years has seen a significant shift in the recognition of indigenous peoples within international law. Once conceptualised as the antithesis to European identity, which in turn facilitated colonial ambitions, the recognition of indigenous identity and responding to indigenous peoples’ demands is now a well-established norm within the international legal system. Furthermore, the recognition of this identity can lead to benefits, such as a stake in controlling valuable resources. However, gaining tangible indigenous recognition remains inherently complex. A key reason for this complexity is that gaining successful recognition as being indigenous is highly dependent upon specific regional, national and local circumstances. Belize is an example of a State whose colonial and post-colonial geographies continue to collide, most notably in its southernmost Toledo district. Aside from remaining the subject of a continued territorial claim from the Republic of Guatemala, in recent years Toledo has also been the battleground for the globally renowned indigenous Maya land rights case.
    [Show full text]
  • Belize National Environmental Summary
    National Environmental Summary Belize 2011 United Nations Environment Programme The National Environmental Summary (NES) for Belize has been developed by UNEP. It serves as an information tool to support the incorporation of environment as a thematic component into the United Nations Common Country Assessment (CCA) and the United Nations Development Assistance Framework (UNDAF) initiatives. This environmental summary is intended to provide a critical analysis of gaps and opportunities that exist within policies, programmes and the national legislative framework all of which are used to address the major environmental issues within the context of poverty reduction and development. The contributions and support provided through the consultation process by the various Government agencies and non-governmental organizations are well acknowledged. In particular, the assistance provided by the Ministry of Natural Resources and the Environment in facilitating the consultation is much appreciated. Contributions were also received from UNDP-Belize Staff, Ms. Diane Wade and Eldo Lopez. UNEP/ROLAC (Regional Office for Latin America and the Caribbean) Coordination and Technical Supervision: Cinthia Soto, Programme Officer, UNEP-ROLAC Technical Review: Graciela Metternicht, Regional Coordinator, Early Warning and Assessment, UNEP-ROLAC. Authors: Ismael Fabro Juan R. Rancharan Belize Environmental Technologies Photo Credits - Cover Page: Land Information Center (Belize Map), San Pedro Sun (Belize Ethnic Costumes, 2007), Belize Environmental Technologies
    [Show full text]
  • 1 Language Use, Language Change and Innovation In
    LANGUAGE USE, LANGUAGE CHANGE AND INNOVATION IN NORTHERN BELIZE CONTACT SPANISH By OSMER EDER BALAM A DISSERTATION PRESENTED TO THE GRADUATE SCHOOL OF THE UNIVERSITY OF FLORIDA IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY UNIVERSITY OF FLORIDA 2016 1 ACKNOWLEDGMENTS This dissertation would not have been possible without the guidance and support from many people, who have been instrumental since the inception of this seminal project on contact Spanish outcomes in Northern Belize. First and foremost, I am thankful to Dr. Mary Montavon and Prof. Usha Lakshmanan, who were of great inspiration to me at Southern Illinois University-Carbondale. Thank you for always believing in me and motivating me to pursue a PhD. This achievement is in many ways also yours, as your educational ideologies have profoundly influenced me as a researcher and educator. I am indebted to my committee members, whose guidance and feedback were integral to this project. In particular, I am thankful to my adviser Dr. Gillian Lord, whose energy and investment in my education and research were vital for the completion of this dissertation. I am also grateful to Dr. Ana de Prada Pérez, whose assistance in the statistical analyses was invaluable to this project. I am thankful to my other committee members, Dr. Benjamin Hebblethwaite, Dr. Ratree Wayland, and Dr. Brent Henderson, for their valuable and insighful comments and suggestions. I am also grateful to scholars who have directly or indirectly contributed to or inspired my work in Northern Belize. These researchers include: Usha Lakshmanan, Ad Backus, Jacqueline Toribio, Mark Sebba, Pieter Muysken, Penelope Gardner- Chloros, and Naomi Lapidus Shin.
    [Show full text]
  • Pioneers of Belmopan’
    This publication was designed by Ms. Tiffany Taylor, UB Social Work student, and printed by the National Council on Ageing. July 2009 The National Council on Ageing Unit 17, Garden City Plaza Mountain View Boulevard P.O. Box 372 Belmopan City Belize Central America Telephone: + 501-822-1546 Fax/ Message: + 501-822-3978 Email: [email protected] Web: www.ncabz.org TABLE OF CONTENTS The National Council on Ageing continually seeks to raise awareness of the important role of older people in Belizean society. Forward ...…………………………………………………3 Through the collaboration with Ms. Tiffany Taylor, History of Belmopan ..……………….….….……………..4 University of Belize, Associates Degree, Social Work Mr. .Justo Castillo …..……………………...….………….6 student, the NCA was able to highlight the contribution of just some of the older people who played a part in laying the Mrs. Gwendolyn Zetina ……………………………………8 foundations of Belmopan. Mrs. Patricia Robinson …………………………………10 Mrs. Leonie Cain …..…………………………………….11 The people in this booklet, along with so many others too Ms. Juanita Ireland ………… ………………………… 12 numerous to mention, are truly all ‘Pioneers of Belmopan’. Mr. Orlando Orio .……………………….………..……...13 The National Council on Ageing congratulates Tiffany for Mrs. Justa Arzu .….……………………………………. 14 the production of this booklet and for successfully Mr. Edred and Mrs. Alma Dakers …..…....…….…...……15 completing her Social Work Degree. Mrs. Catharine Gill ..……………………………………..17 Thank You .……………………………………………....19 Acknowledgement . ……………………………………..20 Page 2 Page 19 pecial thanks to all the people S who agreed to be interviewed FORWARD and share their memories with me, without them this booklet wouldn’t have been possible. MAIN HEADING The foundation of our country was built on the production and ambitions of our ancestors and present generation should Thanks to the Belize Archives preserve and admire the fruits of their labors, and therefore Department for providing me with keep their stories alive and fresh in the minds of our youths.
    [Show full text]
  • Fisheries Centre Research Reports 2011 Volume 19 Number 6
    ISSN 1198-6727 Fisheries Centre Research Reports 2011 Volume 19 Number 6 TOO PRECIOUS TO DRILL: THE MARINE BIODIVERSITY OF BELIZE Fisheries Centre, University of British Columbia, Canada TOO PRECIOUS TO DRILL: THE MARINE BIODIVERSITY OF BELIZE edited by Maria Lourdes D. Palomares and Daniel Pauly Fisheries Centre Research Reports 19(6) 175 pages © published 2011 by The Fisheries Centre, University of British Columbia 2202 Main Mall Vancouver, B.C., Canada, V6T 1Z4 ISSN 1198-6727 Fisheries Centre Research Reports 19(6) 2011 TOO PRECIOUS TO DRILL: THE MARINE BIODIVERSITY OF BELIZE edited by Maria Lourdes D. Palomares and Daniel Pauly CONTENTS PAGE DIRECTOR‘S FOREWORD 1 EDITOR‘S PREFACE 2 INTRODUCTION 3 Offshore oil vs 3E‘s (Environment, Economy and Employment) 3 Frank Gordon Kirkwood and Audrey Matura-Shepherd The Belize Barrier Reef: a World Heritage Site 8 Janet Gibson BIODIVERSITY 14 Threats to coastal dolphins from oil exploration, drilling and spills off the coast of Belize 14 Ellen Hines The fate of manatees in Belize 19 Nicole Auil Gomez Status and distribution of seabirds in Belize: threats and conservation opportunities 25 H. Lee Jones and Philip Balderamos Potential threats of marine oil drilling for the seabirds of Belize 34 Michelle Paleczny The elasmobranchs of Glover‘s Reef Marine Reserve and other sites in northern and central Belize 38 Demian Chapman, Elizabeth Babcock, Debra Abercrombie, Mark Bond and Ellen Pikitch Snapper and grouper assemblages of Belize: potential impacts from oil drilling 43 William Heyman Endemic marine fishes of Belize: evidence of isolation in a unique ecological region 48 Phillip Lobel and Lisa K.
    [Show full text]
  • Project Proposal for the REPIC Platform 1
    REPIC Platform ProjectProject Proposal Proposal Project Proposal for the REPIC Platform 1. Project Profile Applicant Last Name: Küffer First Name: Lukas Company: ZENNA AG Address: Alte Spinnerei, CH-8877 Murg, Switzerland E-mail: [email protected] Phone No. +41 44 586 11 22 Website www.zenna.ch Project Project Title Proof of concept: Smart Solar Off-Grid (V1.8) Country / Region Belize, Central America 2. Summary / Abstract • The partner country’s needs The Government of Belize is interested in a pilot project to proof the concept of a solar off-grid system supplying remote communities with electricity. The Belizean Ministry of Energy, Science & Technology and Public Utilities (MESTPU) has identified rural village electrification using solar off-grid systems (mini/micro-grids) as an integral component of its long-term strategy. In this strategy concerning the electrification of remote communities, only an independent off-grid system is feasible from both a financial and technical perspective. Therefore, MESTPU is looking for a partner to realize a pilot project to get a proof of concept for future off-grid electrification projects. • Project content This is a pilot project to proof the concept of ZENNA’s Smart Solar Off-Grid system in Belize. Within this project ZENNA will do the system engineering and plan the “smart part” of the Smart Solar Off- Grid system in cooperation with zhaw and the Belizean company Solar Energy Solutions Belize Ltd. (SESB), who will act as a local counterpart for construction and maintenance. This pilot project is necessary to gather data during the time of 6 months and to define parameters to optimize the system.
    [Show full text]
  • Belize's Fifth National Report to the Convention on Biological Diversity
    Belize’s Fifth National Report to the Convention on Biological Diversity Reporting Period: 2009 - 2013 September, 2014 Belize’s Fifth National Report to the Convention on Biological Diversity, submitted by the Forest Department, Ministry of Forestry, Fisheries and Sustainable Development, Belize We thank all those participants who took part in the review process, both in Government agencies, in regional workshops and focal group meetings across Belize. Nature ----- Culture ------ Life This report was produced under the “National Biodiversity Planning to Support the implementation of the CDB 2011 - 2020 Strategic Plan in Belize (National Biodiversity Enabling Activities)” With funding from the United Nations Development Programme – Global Environment Facility Please cite as: Fifth National Report to the United Nations Convention on Biological Diversity: Belize (2014). Ministry of Forestry, Fisheries and Sustainable Development, Belmopan. INTRODUCTION 2 EXECUTIVE SUMMARY 3 PART 1. UPDATE ON BIODIVERSITY STATUS, TRENDS AND THREATS, AND IMPLICATIONS FOR HUMAN WELLBEING 4 1. The National Importance of Biodiversity to Belize 4 2. Major changes in the status and trends of biodiversity in Belize 14 3. The Main Threats to Biodiversity in Belize 28 4. Impacts of the changes in biodiversity for ecosystem services, and the socioeconomic and cultural implications of these impacts 44 PART II: THE NATIONAL BIODIVERSITY STRATEGIES AND ACTION PLANS, ITS IMPLEMENTATION AND THE MAINSTREAMING OF BIODIVERSITY 47 5. Belize’s Biodiversity Targets 47 6. Status of the National Biodiversity Strategy and Action Plan, incorporation of biodiversity targets and mainstreaming of biodiversity. 48 7. Actions Belize has taken to implement the Convention since the fourth report, and the outcomes of these actions.
    [Show full text]
  • Patterns of Protein-Energy Malnutrition Among Preschoolers in Belize
    University of Tennessee, Knoxville TRACE: Tennessee Research and Creative Exchange Doctoral Dissertations Graduate School 8-1980 Patterns of Protein-Energy Malnutrition Among Preschoolers in Belize Carol Lynn Jenkins University of Tennessee, Knoxville Follow this and additional works at: https://trace.tennessee.edu/utk_graddiss Part of the Anthropology Commons Recommended Citation Jenkins, Carol Lynn, "Patterns of Protein-Energy Malnutrition Among Preschoolers in Belize. " PhD diss., University of Tennessee, 1980. https://trace.tennessee.edu/utk_graddiss/4075 This Dissertation is brought to you for free and open access by the Graduate School at TRACE: Tennessee Research and Creative Exchange. It has been accepted for inclusion in Doctoral Dissertations by an authorized administrator of TRACE: Tennessee Research and Creative Exchange. For more information, please contact [email protected]. To the Graduate Council: I am submitting herewith a dissertation written by Carol Lynn Jenkins entitled "Patterns of Protein-Energy Malnutrition Among Preschoolers in Belize." I have examined the final electronic copy of this dissertation for form and content and recommend that it be accepted in partial fulfillment of the equirr ements for the degree of Doctor of Philosophy, with a major in Anthropology. Michael H. Logan, Major Professor We have read this dissertation and recommend its acceptance: Mary Ann Bass, Richard L. Jantz, Donald Hastings Accepted for the Council: Carolyn R. Hodges Vice Provost and Dean of the Graduate School (Original signatures are on file with official studentecor r ds.) PATTERNS OF PROTEIN-ENERGY MALNUTRITION AMONG PRESCHOOLERS IN BELIZE · A Dissertation Presented for,the Doctor of Philosophy Degree The University of Tennessee, Knoxville Carol Lynn Jenkins August 1980 ACKNOWLEDGMENTS The research reported in this dissertation was conducted in Belize from January through August, 1979.
    [Show full text]
  • The Way Forward for Renewable Energy in Central America
    The Way Forward for Renewable Energy in Central America Status Assessment | Best Practices | Gap Analysis Adam Dolezal, Ana Maria Majano, Alexander Ochs, and Ramon Palencia June 2013 The Way Forward for Renewable Energy in Central America Status Assessment | Best Practices | Gap Analysis Adam Dolezal, Ana Maria Majano, Alexander Ochs, and Ramon Palencia June 2013 Worldwatch Institute, 2013 Washington, D.C. Printed on paper that is 50 percent recycled, 30 percent post-consumer waste, process chlorine-free. The views expressed are those of the authors and do not necessarily represent those of the Worldwatch Institute; of its directors, officers, or staff; or of its funding organizations. On the cover: top, wind turbines in Panama, photo by janie.hernandez55 via Flickr; middle: geothermal plant in Ahuachapán, El Salvador, photo by Amber & Bryan via Flickr; bottom: Miravalles Solar Plant, Costa Rica, photo courtesy 4E Program: Renewable Energy and Energy Efficiency in Central America. Reprint and copyright information for one-time academic use of this material is available by contacting Customer Service, Copyright Clearance Center, at +1 978-750-8400 (phone) or +1 978-750-4744 (fax), or by writing to CCC, 222 Rosewood Drive, Danvers, MA 01923, USA. Nonacademic and commercial users should contact the Worldwatch Institute’s Business Development Department by fax at +1 202-296-7365 or by email at [email protected]. The report is also available at www.worldwatch.org. Contents Foreword: Alexander Ochs 6 Preface: Sam Bickersteth 7 Preface: Salvador
    [Show full text]
  • An Assessment of Fiscal and Regulatory Barriers to Deployment of Energy Efficiency and Renewable Energy Technologies in Belize
    Project Document An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize Devon O. Niel Gardner Dillon Alleyne Charmaine Gomes Economic Commission for Latin America and the Caribbean (ECLAC) The views expressed in this document, which has been reproduced without formal editing, are those of the authors and do not necessarily reflect those of the Organization. LC/CAR/W.1 Copyright © United Nations, November 2013. All rights reserved Printed at United Nations, Port of Spain, Trinidad and Tobago. ECLAC – Project Documents collection An assessment of fiscal and regulatory barriers…in Belize Contents Executive Summary ................................................................................................................... 5 I. Introduction ......................................................................................................................... 7 A. General ....................................................................................................................... 7 B. The petroleum sector ................................................................................................... 8 C. The electricity sector ...................................................................................................11 D. Demand for energy by sector ......................................................................................13 E. The transport sector ...................................................................................................13
    [Show full text]
  • National Chemical Profile Update for Belize Under the Rotterdam
    National Chemical Profile update f o r Belize under the I Rotterdam Convention This document is an update to Belize’s National Profile for the Management of Chemicals and Waste, “A Belize SAICM Initiative Mainstreaming into Development Plans of the Sound Management of Chemicals Priorities for Key Development Sectors in Belize and Associated Sound Management of Chemicals Governance Project”. An Activity under the Programme “Sound Management of Industrial Chemicals under the Rotterdam Convention” to be executed in the Caribbean region. Executed and Prepared by: Basel Convention Regional Centre for Training and Technology Transfer (BCRC-Caribbean), #8 Alexandra Street, St. Clair, Port of Spain. Trinidad and Tobago. W.I. Tel: +1 868 628 8369 Fax: +1 868 628 2151 E-mail: [email protected] Web: bcrc-caribbean.blogspot.com Funded by: United Nations Environment Programme (UNEP) represented by the Secretariat of the Rotterdam Convention on the Prior Informed Consent Procedure for Certain Hazardous Chemicals and Pesticides in International Trade (SRC). National Chemical Profile update f o r Belize under the II Rotterdam Convention Executive Summary A National Chemical Profile provides a recognized country information reference base that can be utilized to assess the country’s current situation in terms of effectively managing chemicals. This document represents an update of the National Chemical Profile for Belize identifying gaps in terms of the capacity to manage chemicals and assesses the mechanisms available to address the problems. The updated chemical profile was prepared in response to a pilot project funded by the UNEP/Secretariat of the Rotterdam Convention as part of an overarching goal to facilitate the strengthening of the capacities of developing countries to assess and mange risks, prepare and communicate import responses and take decisions on final regulatory actions for hazardous industrial chemicals that are listed under the Rotterdam Convention in accordance with the prior informed consent procedure.
    [Show full text]
  • Series IV Debenture Prospectus.Pdf
    Summary Financial Information and Selected Statistics (In thousands of dollars, except for operating data) 12 months December 31 2006 2005 Income Statement Data: $ $ Operating Revenues 156,122 125,361 Operating Expenses 119,976 95,088 Net Operating Income 36,146 30,273 Other Expense 10,062 11,390 Net Income 26,084 18,883 Balance Sheet Data: Total Assets 408,953 373,673 Total Liabilities 146,387 200,142 Shareholders’ Equity 262,566 173,531 Forecasted Fiscal Year Ending December 31 2007 2008 2009 2010 Income Statement Data: $ $ $ $ Operating Revenues 165,180 181,890 195,985 207,819 Operating Expenses 128,529 142,735 153,684 162,737 Net Operating Income 36,651 39,155 42,301 45,082 Other Expense 7,991 9,620 11,464 14,050 Net Income 28,660 29,535 30,837 31,032 Balance Sheet Data: Total Assets 420,879 451,163 481,651 502,059 Total Liabilities 144,003 158,895 174,180 179,226 Shareholders’ Equity 276,876 292,268 307,471 322,833 Operating Data: Number of Customers 73,279 75,601 77,923 80,245 MWH Sold 381,084 404,407 424,628 450,105 Peak Demand in KW 71 76 80 86 See body of Prospectus for additional details on the above. ii Name of Bank (or other Financial Institution): __________________________________________________________ TABLE OF CONTENTS Name of Account: ____________________________________ Account Number: _____________________________ (Note: The Bank must carry on business in Belize and the Account must be in Belize Dollars. Any notice of change of Bank Account shall not take effect until seven (7) days after service of the notice on Belize Electricity Limited) Page Signature: ___________________________________ Date: __________________________________ Investment Considerations …..................................................................................................1-3 Surname: __________________________________ Surname: __________________________________ Series 4 Fixed Rate Debentures ............................................................................
    [Show full text]