FIXED RATES. The rates and charges specified in Schedule 5.1, 5.2 and 5.3 shall be fixed for the duration of the CONTRACT subject only to adjustments for documented normal and customary changes in CONTRACTOR'S operating costs, including but not limited to, all personnel related costs, catering, insurance, repair and maintenance, travel expenses, and third party towing charges in the fixed price demobilisation fees. CONTRACTOR shall use reasonable efforts to keep the operating costs in line with industry practice.
Appears in 2 contracts
Sources: Drilling Services Contract (Chiles Offshore Inc/New/), Contract for Drilling Services (Chiles Offshore Inc/New/)