Posts tagged Interest Rates.

The model Industry Agreements developed by the Canadian oil and gas industry (such as the CAODC-CAPP and PSAC contracts) stipulate that any unpaid contractor invoices shall bear interest at a rate of 18% per annum. This is by no means atypical. In the Canadian oil and gas industry it is very common to find contractual interest rates for late or unpaid invoices ranging from 12 ...

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