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Amendments to the Conditions of Trade in Biomass Products adopted
2025 01 13
Following consideration of the comments submitted by Exchange participants, amendments to the Conditions of Trade in Biomass Products have been adopted on 13 January 2025 and will enter into force on 14 January 2025.
The main changes:
- In case of a transaction with a non-standard clause “The contract with partial advance payment”, the seller is given the possibility to waive prepayment in advance during the course of the contract execution;
- For the purpose of controlling and monitoring possible manipulation of the energy resources market (by placing orders without the intention to enter into a contract), an additional obligation is introduced for buyers to provide a reason when cancelling buy orders during the change of sell orders phase is foreseen;
- Amendments to the regulation of the National Sustainability Scheme RED BP on the documentation to be provided.
International Biomass Exchange
Baltpool