- Deddfwriaeth Ddrafft
This is a draft item of legislation. This draft has since been made as a UK Statutory Instrument: The Crown Estate Transfer Scheme 2017 No. 524
15. In this Part—
“agreement” means an agreement between the manager and a pipeline operator which grants rights to the pipeline operator—
in, under or over any part of the Scottish foreshore, Scottish coastal waters or the Scottish zone, and
in connection with the construction, laying, maintenance or use of a pipeline;
“appropriate person” means—
such person as the Treasury and the Scottish Ministers may agree, or
if no person is agreed, such person as may be nominated, on the joint application of the Treasury and the Scottish Ministers, by the Royal Institution of Chartered Surveyors;
“market value”, in relation to an agreement, means the best consideration in money or money’s worth which can reasonably be obtained, having regard to all the circumstances of the case but ignoring for that purpose any element of monopoly value which may exist;
“payment” means—
a payment which is first required on or after the transfer date, or
an increase in a payment which takes effect on or after the transfer date regardless of when the payment was first required;
“petroleum” has the same meaning as in section 1 of the Petroleum Act 1998(1);
“pipeline operator” means a person who is, or will be, operating a pipeline for the conveyance of petroleum; and
“territorial sea” means the UK territorial sea but does not include any part of Scotland.
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