Glossary
P147 – Introduction of a Notified Contract Capacity to limit Party liability in event of erroneous contract notifications
Formal title: Introduction of a Notified Contract Capacity to limit Party liability in event of erroneous contract notifications
Current Status
Submission
Initial Written Assessment
Assessment Procedure
Report Phase
With Authority
Awaiting Implementation
Implemented
Summary
Circumstances have dictated that insufficient time is available for the industry, the BSC Panel and the Authority to properly consider whether the level of the PNE claims fee should be revised. This proposal advocates a one month delay in the invoicing of the PNE claims fee.
Progression
The BSC Panel recommended that the Proposed Modification should not be made. The Authority rejected the Proposed Modification on 29 July 2004.