PRT: supplement - hired assets
OTA75\S3(5) provides that where a hired asset is used in carrying out works for one or more of the qualifying purposes set out at OTA75\S3(5)(a)-(c) or the asset is used in carrying out works for the provision of installations within OTA75\s3(5)(d) (see OT12050 for a summary of the qualifying categories), expenditure incurred in hiring it will qualify for supplement. No other hire costs so qualify.
There is a distinction between the hire of assets which are actually used in constructing the production and transportation facilities and the facilities themselves. If a tanker loading buoy is hired by a participator in order to bring about the commencement of transportation in a field (OTA75\S3(5)(a), see OT12250), the hire costs of the buoy will not qualify for supplement. Conversely, if as part of the process of carrying out works to install that loading buoy the participator charters tugs to tow the buoy into position, then the costs of the chartered tugs will qualify for supplement.