Template:UKA Annex (d)(i)(2)

(d)(i)(2) Delivery

(A) Any obligation of Delivering Party to deliver Allowances pursuant to a UK Emissions Allowance Transaction shall be discharged by the completed transfer of those Allowances from a UK ETS Account of Delivering Party under and in accordance with the UK ETS. A transfer of Allowances shall be considered to be completed for the purpose of a delivery obligation pursuant to a UK Emissions Allowance Transaction when the relevant Allowances are received at the Specified UK ETS Account of Receiving Party, whereupon risk of loss related to the Allowances or any portion thereof transfers from Delivering Party to Receiving Party.

(B) If a transfer of Allowances is completed after 4:00 p.m., London time, on a Delivery Business Day or at any time on any day other than a Delivery Business Day, then those Allowances will be deemed to have been delivered at 10:00 a.m., London time, on the next following Delivery Business Day. If a transfer of Allowances is completed before 10:00 a.m., London time, on a Delivery Business Day, then those Allowances will be deemed to have been delivered at 10:00 a.m., London time, on that day.