NEW PROVISIONS OF NON-STANDARD CONDITIONS OF TRADE COMES INTO FORCE ON 6 JUNE 2019
Answering the Pan-Baltic biomass market demands, BALTPOOL has presented the amendments to Non-Standard Conditions of Trade, thus allowing more flexible arrangements of biomass quantity reduction or termination of contracts (the order No. IS-190027 of 5 June 2019 issued by the CEO of BALTPOOL UAB):
Contract termination by the buyer in case buyer lost a heat auction. This contract may be unilaterally terminated (or its quantity reduced proportionally) by the buyer in case a heating company in line with the results of the heat auction does not purchase heat (or reduces its amount) from the buyer during the relevant period. The Buyer must notify the seller about the termination of the contract or reduction of its quantity in writing:
- not later than on the last working day of the month heat auction occurred – in cases the monthly contract is being terminated and/or its quantity is being reduced for the following month;
- not later than on the last working day of the week heat auction occurred – in cases the weekly contract is being terminated and/or its quantity is being reduced for the following week.
You can get acquainted with the new version at: