Question

Commission allowed by co venturer

Answer 1

Answer:

hey buddy

Explanation:

who is co venturer:

Co Venturer means any co-venturers of the COMPANY, CAMAC Energy, Inc., and any of their respective affiliates having an interest in the operations for which the activities described in this CHARTERPARTY are being performed and/or their respective permitted assignees and successors-in- interest.

And your answer is

Joint Venture and Consignment Sharing of Profits − There is no distribution of profit between a consignor and consignee, consignee only gets commission on sale made by him. On the other hand, the co-venturers of a joint venture share profits as per the agreed profit sharing ratio.

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