Common use of Qualifying Value Content (QVC Clause in Contracts

Qualifying Value Content (QVC. 1. The QVC of a good shall be calculated as follows: V- VNM V x 100 where: QVC - is the qualifying value content expressed as a percentage; V - is the FOB value of the final good; and VNM - is the CIF value of the non-originating materials. 2. For the purposes of calculating the QVC provided in paragraph 1, VNM shall be: (a) the CIF value at the time of importation of the goods; or (b) the earliest ascertained price paid for the goods of undetermined origin in the territory of the Party where the working or processing takes place.

Qualifying Value Content (QVC. 1. The QVC of a good shall be calculated as follows: V- V-VNM V QVC = Where: x 100 where: QVC - is the qualifying value content expressed as a percentage; V - is the FOB value of the final good; and VNM - is the CIF value of the non-originating materials. 2. For the purposes of calculating the QVC provided in paragraph 1, VNM shall be: (a) the CIF value at the time of importation of the goods; or (b) the earliest ascertained price paid for the goods of undetermined origin in the territory of the Party where the working or processing takes place.