# Finance Act 1987, Paragraph 12A


For the purposes of section 61 and this Schedule—
(a) a reference to the proposed delivery month in relation to a proposed transaction is a reference to the month in which delivery is to take place,
(b) “ relevant delivery ” means a delivery of oil under a contract made at arm's length in respect of which there has been no effective nomination, and
(c) “ delivery proceeds ” means the price received for a relevant delivery.

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Source: https://www.legislation.gov.uk/ukpga/1987/16/schedule/10/paragraph/12n1 (the official version)
Page: https://openlegislation.uk/finance-act-1987/schedule-10/paragraph-12n1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.