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ASTM E1528-14e1
Standard Practice for Limited Environmental Due Diligence: Transaction Screen Process (Includes all amendments And changes 7/29/2022).
NORMA vydaná dňa 15.1.2014
Informácie o norme:
Označenie normy: ASTM E1528-14e1
Poznámka: NEPLATNÁ
Dátum vydania normy: 15.1.2014
Kód tovaru: NS-673846
Počet strán: 27
Približná hmotnosť: 81 g (0.18 libier)
Krajina: Americká technická norma
Kategória: Technické normy ASTM
Kategórie - podobné normy:
Anotácia textu normy ASTM E1528-14e1 :
Keywords:
ICS Number Code 13.020.30 (Environmental impact assessment)
Doplňujúce informácie
| Significance and Use | ||||
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4.1 Uses—This practice sets forth a procedure for conducting limited environmental due diligence . This practice is intended for use on a voluntary basis by parties who wish to assess the environmental condition of commercial real estate where a Phase I Environmental Site Assessment is, initially, deemed to be unnecessary by the 4.2 Clarifications on Use: 4.2.1 Use Not Intended for CERCLA Liability Protection—This document is not intended to permit a 4.2.2 Transaction Screen Does Not Identify Recognized Environmental Conditions—This practice does not define a scope of assessment sufficient to identify recognized environmental conditions as defined in 3.2.74 of Practice E1527 and 3.2.80 of Practice E2247. 4.2.3 Residential Tenants/Purchasers and Others—Although this document is not intended for residential purposes, it may be used at the 4.2.4 Site-Specific—This practice is site-specific in that it relates to assessment of environmental conditions on a specific parcel of commercial real estate. Consequently, this practice does not address many additional issues raised in transactions such as purchases of business entities, or interests therein, or of their assets, that may well involve environmental liabilities pertaining to properties previously owned or operated or other off-site environmental liabilities. 4.3 Who May Conduct—The 4.4 Inquiry Beyond the Transaction Screen Process—If further inquiry is needed after performance of the transaction screen process, the user must determine, in the exercise of the user’s reasonable business judgment, whether further inquiry may be limited to those specific issues identified as of concern or should proceed to further inquiry (see 5.8). 4.5 No transaction screen can wholly eliminate uncertainty regarding the potential for environmental concern in connection with a property. 4.5.1 Not every property will warrant the use of a limited environmental assessment such as the 4.5.2 Transaction screens must be evaluated based on the reasonableness of judgments made at the time and under the circumstances in which they were made. Subsequent environmental site assessments or transaction screens should not be considered valid standards to judge the appropriateness of any prior assessment based on hindsight, new information, use of developing technology or analytical techniques, or other factors. 4.6 Continued Viability of Transaction Screen—A transaction screen meeting or exceeding this practice and completed more than 180 days previously may be used to the extent allowed by 4.6.1 and 4.6.2. 4.6.1 Subject to 4.6.2, a prior transaction screen or other 4.6.2 If the user, or any other preparer(s) conducting a transaction screen has 4.7 The contractual and legal obligations between prior and subsequent users of 4.7.1 The contractual and legal obligations between a preparer and a 4.8 If the user is aware of any specialized knowledge or experience that is material to 1.1 Purpose—The purpose of this practice is to define a good practice in the United States of America for conducting a transaction screen1.1.1 This practice will not satisfy the requirement to conduct all appropriate inquiries into the previous ownership and uses of the 1.2 An evaluation of business environmental risk associated with a parcel of commercial real estate may necessitate investigation beyond that identified in this practice. See Sections 1.4 and 11. 1.2.1 Potential Environmental Concerns—The goal of conducting a transaction screen is to identify potential environmental concerns, as defined in 3.2.35. 1.2.2 Other Federal, State, and Local Environmental Laws—This practice does not address requirements of any state or local laws or of any federal laws. 1.3 Objective—The objective guiding the development of this practice is to facilitate standardized transaction screens. 1.3.1 Note of Caution—The 1.4 Considerations Beyond the Scope—The use of this practice is strictly limited to the scope set forth in this section. Section 11 of this practice identifies, for informational purposes, certain environmental conditions (not an all-inclusive list) that may exist on a property that are beyond the scope of this practice but may warrant consideration by parties to a commercial real estate transaction. The need to include an investigation of any such conditions in the scope of services should be evaluated based upon, among other factors, the nature of the property and the reasons for performing the assessment (for example, a more comprehensive evaluation of business environmental risk) and should be agreed upon as additional services beyond the scope of this practice prior to initiation of the Transaction Screen Process. 1.5 Organization of This Practice—This practice has several parts and one appendix. Section 1.6 This standard does not purport to address all of the safety concerns, if any, associated with its use. It is the responsibility of the user of this standard to establish appropriate safety and health practices and determine the applicability of regulatory limitations prior to use. |
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| 2. Referenced Documents | ||||
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