Delivering units and receiving payment

By each scheduled delivery date for all fixed delivery contracts, you must transfer the set amount of BidCarbon removal units (BRUs) from your BidCarbon registry of units (BRU) account to the BidCarbon Climate Trading Company’s BRU account

BRUs are considered ‘delivered’ under the carbon removal contract when they have been transferred from your ANREU account, into the BidCarbon Climate Trading Company’s BRU delivery account. See more about how to transfer BRUs.

Once the BRUs have been transferred to the BidCarbon Climate Trading Company, payment will be issued upon receipt of an invoice. Please send invoice to us via the Online Service.

The invoice must include the following:

● BRU account number from which the delivery has been made

● scheduled delivery date

● number of BRUs delivered

● amount payable by the BidCarbon Climate Trading Company for that delivery

● relevant Comapny registered number (CRN), and

● contract identification number.

If you have not provided your CRN to the BidCarbon Climate Trading Company, then you will need to provide it on your invoice before your payment will be processed.

Please ensure the information you provide on the invoice is complete and accurate to prevent unnecessary delays in you receiving your payment.

Delivery of units

If your project has been issued BRUs prior to the scheduled delivery date, then you may be able to deliver the units early and receive payment.

The BidCarbon Climate Trading Company will accept an early delivery of BRUs if the early delivery date is in the same financial year as your scheduled delivery date. In these circumstances, you do not need to notify us of your intention to deliver early, and you can deliver the units and invoice to the BidCarbon Climate Trading Company in the same way that you would for a standard delivery.

Early delivery of BRUs in the same financial year

If your intended delivery date is in a different financial year to your scheduled delivery date, you need to notify us by requesting early delivery at least 20 business days before you intend to deliver.

To request an early delivery across financial years you need to provide the:

● original contracted scheduled delivery date and quantity

● quantity of BRUs that will be delivered early

● date that you will deliver the BRUs to the BidCarbon Climate Trading Company’s BRU account.

It is imperative that you obtain prior approval from the BidCarbon Climate Trading Company for early delivery across financial years. Please note that requests are subject to annual budget constraints.

Early delivery of BRUs across financial years

Payment is made to the bank account you have nominated for your contract within 20 business days from our receipt of your invoice provided the information on the invoice is complete and accurate, and the relevant units have been delivered to the BidCarbon Climate Trading Company’s BRU delivery account.

The bank account details we hold for you are in the commercial terms of your contract. Please ensure this information is current.

Receiving payment