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Template:UKA Annex (d)(i)(2): Difference between revisions
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{{ukaprov|(d)(i)(2)}} '''{{ukaprov|Delivery}}''' <br> | {{ukaprov|(d)(i)(2)}} '''{{ukaprov|Delivery}}''' <br> | ||
:(A) Any obligation of {{ukaprov|Delivering Party}} to deliver {{ukaprov|Allowances}} pursuant to a {{ukaprov|UK Emissions Allowance Transaction}} shall be discharged by the completed transfer of those {{ukaprov|Allowances}} from a {{ukaprov|UK ETS Account}} of {{ukaprov|Delivering Party}} under and in accordance with the {{ukaprov|UK ETS}}. A transfer of {{ukaprov|Allowances}} shall be considered to be completed for the purpose of a delivery obligation pursuant to a {{ukaprov|UK Emissions Allowance Transaction}} when the relevant {{ukaprov|Allowances}} are received at the {{ukaprov|Specified UK ETS Account}} of {{ukaprov|Receiving Party}}, whereupon risk of loss related to the {{ukaprov|Allowances}} or any portion thereof transfers from {{ukaprov|Delivering Party}} to {{ukaprov|Receiving Party}}. | :(A) Any obligation of {{ukaprov|Delivering Party}} to deliver {{ukaprov|Allowances}} pursuant to a {{ukaprov|UK Emissions Allowance Transaction}} shall be discharged by the completed transfer of those {{ukaprov|Allowances}} from a {{ukaprov|UK ETS Account}} of {{ukaprov|Delivering Party}} under and in accordance with the {{ukaprov|UK ETS}}. A transfer of {{ukaprov|Allowances}} shall be considered to be completed for the purpose of a delivery obligation pursuant to a {{ukaprov|UK Emissions Allowance Transaction}} when the relevant {{ukaprov|Allowances}} are received at the {{ukaprov|Specified UK ETS Account}} of {{ukaprov|Receiving Party}}, whereupon risk of loss related to the {{ukaprov|Allowances}} or any portion thereof transfers from {{ukaprov|Delivering Party}} to {{ukaprov|Receiving Party}}. | ||
:(B) If a transfer of {{ukaprov|Allowances}} is completed after 4:00 p.m., | :(B) If a transfer of {{ukaprov|Allowances}} is completed after 4:00 p.m., London time, on a {{ukaprov|Delivery Business Day}} or at any time on any day other than a {{ukaprov|Delivery Business Day}}, then those {{ukaprov|Allowances}} will be deemed to have been delivered at 10:00 a.m., London time, on the next following {{ukaprov|Delivery Business Day}}. If a transfer of {{ukaprov|Allowances}} is completed before 10:00 a.m., London time, on a {{ukaprov|Delivery Business Day}}, then those {{ukaprov|Allowances}} will be deemed to have been delivered at 10:00 a.m., London time, on that day. <br> | ||