(a) You may transfer your bonus or royalty credit to any other person by submitting to the BOEM Adjudication Unit for the Gulf of Mexico two originally executed transfer letters of agreement.
(b) Authorized officers indicated on the qualification card filed with BOEM of all companies involved in transferring and receiving the credit must sign the transfer letters of agreement.
(c) A transfer letter of agreement must include:
(1) The effective date of the transfer,
(2) The OCS-G number for the lease that originally qualified for the credit,
(3) The amount of the credit being transferred,
(4) Company names punctuated exactly as filed on the qualification card at BOEM, and
(5) A corporate seal, if you used a corporate seal in your initial qualification to hold OCS leases.
(d) The transferee of a credit transferred under this section may use it in accordance with Sec. 556.94 as soon as BOEM sends a confirmation of the transfer to the transferee.
Sec. Appendix to Part 556--Oil and Gas Cash Bonus Bid
The following bid is submitted for an oil and gas lease on the area of the Outer Continental Shelf specified below: ------------------------------------------------------------------------
Amount of cash
Tract No.* Total amount bid Amount per acre submitted with
(or per hectare) bid------------------------------------------------------------------------
------------------------------------------------------------------------
* Or, if tract numbers are not used, Protraction Diagram or Leasing Map
and block number. ----------------------------------------------------------------------------------------------------------------
Proportionate interest of company(s)
Bidder qualification No. submitting bid Name and address of bidding company----------------------------------------------------------------------------------------------------------------__ Misc. No. .................................... ....................................---------------------------------------------------------------------------------------------------------------- ____________________,
Authorized signatory's name and title.