Template:M summ IETA Force Majeure: Difference between revisions

Template:M summ IETA Force Majeure (view source)

604 bytes added , 11 July 2023

no edit summary

83,547

edits

@@ Line 1: / Line 1: @@
-[[Force Majeure - IETA Provision|This]] is substantially the same idea as {{euaprov|Settlement Disruption Event}} in the {{emissionsannex}}. Here is our nutshell:
+[[Force Majeure - IETA Provision|As per the overview]], {{ietaprov|Force Majeure}} is substantially the same idea as “{{euaprov|Settlement Disruption Event}}” in the {{emissionsannex}}.
-{{quote|{{Nutshell EUA Annex Settlement Disruption Event}}
-}}
+It is an event that, in each format:
+*Is beyond the “affected party’s” reasonable control (having taking “all reasonable steps” to control it)
+* Renders the delivery impossible to perform, acknowledging that this might be a problem at either end
+* It excludes simply not having enough Allowances in your account, even if that is a result of some failure by a responsible official agency to issue Allowances in your account (as part of your annual allocation) or to replace stale allowances with fresh ones
+*The hierarchy of Events of Default, Suspension Events and Force Majeure/Settlement Disruption Events is also the same.