In order for the Service Provider to timeously deal with submissions over the Christmas Period and for a party to receive a certified copy of the Execution Deed prior to 31 December in any calendar year, all Consents to Transfer must be correctly accepted by 5pm on 16 December in any calendar year.
LOGIC is a not-for-profit wholly owned subsidiary of Oil & Gas UK that operates as the custodian for cross-industry projects that aim to increase the efficiency of working practice in the United Kingdom Continental Shelf (known as the UKCS).
LOGIC has its own corporate governance board.
Master Deed Online
Master Deed Online is an online system for UKCS asset transactions. Its purpose is to expedite the transfer of UKCS offshore licence interests and other agreements relating to associated assets and infrastructure.
The Standard Contracts for the UK offshore oil and gas industry (formerly CRINE contracts) have been developed by the Standard Contracts Committee and more recently, the Oil & Gas UK Legal Issues Forum - LOGIC Standard Contracts Workgroup, and are issued by LOGIC for use within the industry between companies and their contractors.