However I was slightly wrong. The part of the Terms I would have mentioned is this
3.2.1 If you are outside the UK
You may not access, view and/or listen to certain parts of BBC Content (such as video or live television services) using BBC Online Services if you are outside the UK
Which does change things a little.
So, if I'm reading that correctly, you can "view and/or listen to certain parts of BBC Content (such as video or live television services)" as long as you don't do it "using BBC Online Services"?