Statements of Principles

1. Ethical Conduct in Negotiation 
   Follow this link to a members only page to download IAGC's Legal Opinion supporting this SOP.

II. Contracting for Geophysical Data Acquisition Services.

1. Interference by Local Population
   
2. Force Majeure 
   
3. Indemnities – Exclusion Zones 
   
4. Insurance 
   
5. Liabilities & Indemnities 
   
6. Marine Mammals 
   
7. Rights of First Refusal 
   
8. Termination 
   
9. Third Party Direct Action 
   
10. Weather Downtime 
    
11. Standby Permitting Delays 
    
12. Intellectual Property 
    
13. E-Commerce Bidding Procedures 
    
14. Security of Seismic Operations
    

III. Multi-Client (non-exclusive) Geophysical Data Licensing 

Appendix:

1. Confidentiality of Data 
   
2. Disclosure of Data to Third Parties
   
3. Transfer Fees
   
4. E-Commerce
   
5. Amortization Policies 
   
6. Code of Practice

Note to readers: If you suspect unethical behavior or business practices, please refer to the IAGC Principle on Ethical Negotiations and Conduct. For more information on the licensing of non-exclusive geophysical data, consult the IAGC Geophysical Data-Use Licenses publication or contact our offices in Houston, Texas or Sevenoaks, Kent, U.K.

DISCLAIMER: IAGC STATEMENTS OF PRINCIPLES

The IAGC Statements of Principles, and any suggested contractual language, are offered to the industry by IAGC as discussion and educational tools. Any industry participant is free to use them in any way they wish.

The IAGC Statements of Principles, and any suggested contractual language, are provided only for informational purposes, and may not, with respect to any particular contract, be applicable, desirable, enforceable, or conform to the legal or operational requirements of the jurisdiction where the work is to be performed.

Nor are the Statements of Principles or suggested contractual language intended to establish an attorney-client relationship, or to serve as legal advice from IAGC to any industry participant. Any party intending to use the principles or contractual language in particular contracts should seek review by their legal counsel, and come to their own conclusion as to their applicability, desirability, or enforceability.

IAGC makes no representations or warranties, either expressed or implied, regarding the Statements of Principles and any suggested contractual language, including , but not limited to, representations or warranties about their accuracy, applicability, desirability, enforceability, and/or completeness.

Parties with questions about the Statements of Principles may contact IAGC, at 2550 North Loop West, Suite 104, Houston, Texas 77092; Phone: +1 713 957 8080; Fax: +1 713 957 0008; or email: iagc@iagc.org