Template:M summ IETA 5.1(c): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Note that odd coda in Section {{ietaprov|5.1(c)}} where the {{isdaprov|Receiving Party}} agrees that the {{isdaprov|Delivering Party}}’s obligation is ''limited'': *to an obligation to transfer {{isdaprov|Period Traded Allowances}} (which is fine, and no more than what is specified be be deliverable under the {{isdaprov|Transaction}} in any case) *from any of the {{isdaprov|Delivering Party}}’s {{isdaprov|Holding Accounts}} *to the {{isdaprov|Receiving Party}}’s {{..." |
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Note that odd coda in Section {{ietaprov|5.1(c)}} where the {{isdaprov|Receiving Party}} agrees that the {{isdaprov|Delivering Party}}’s obligation is ''limited'': | Note that odd coda in Section {{ietaprov|5.1(c)}} where the {{isdaprov|Receiving Party}} agrees that the {{isdaprov|Delivering Party}}’s obligation is ''limited'': | ||
*to an obligation to transfer {{isdaprov|Period Traded Allowances}} (which is fine, and no more than what is specified be be deliverable under the {{isdaprov|Transaction}} in any case) | *to an obligation to transfer {{isdaprov|Period Traded Allowances}} (which is fine, and no more than what is specified be be deliverable under the {{isdaprov|Transaction}} in any case) | ||
*from any of the {{isdaprov|Delivering Party}}’s {{isdaprov|Holding Accounts}} | *''from'' any of the {{isdaprov|Delivering Party}}’s {{isdaprov|Holding Accounts}} | ||
*to the {{isdaprov|Receiving Party}}’s {{isdaprov|Holding Account}} — | *''to'' the {{isdaprov|Receiving Party}}’s {{isdaprov|Holding Account}} — so we suppose this heads off the Receiving Party doing something odd like saying “oh, can you deliver it to my Russian subsidiary’s Holding Account” or “can you leave it on a fire hydrant outside Raffles Hotel in Singapore”. But again this one seems to state the bleeding obvious. The contract says Seller must deliver to Buyer’s account, so that is all Seller is obliged to do. | ||
Revision as of 10:53, 7 July 2023
Note that odd coda in Section 5.1(c) where the Receiving Party agrees that the Delivering Party’s obligation is limited:
- to an obligation to transfer Period Traded Allowances (which is fine, and no more than what is specified be be deliverable under the Transaction in any case)
- from any of the Delivering Party’s Holding Accounts
- to the Receiving Party’s Holding Account — so we suppose this heads off the Receiving Party doing something odd like saying “oh, can you deliver it to my Russian subsidiary’s Holding Account” or “can you leave it on a fire hydrant outside Raffles Hotel in Singapore”. But again this one seems to state the bleeding obvious. The contract says Seller must deliver to Buyer’s account, so that is all Seller is obliged to do.