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II SÉRIE - NÚMERO 37

furnished to each other Participating Country by the Government of Belgium.

In witness whereof the undersigned, being duly authorised thereto by their respective Governments, have signed this Agreement.

Done at Paris, this eighteenth day of November, 1974.

ANNEX Emergency reserves

ARTICLE 1

1 — Total oil stocks are measured according to the OECD and EEC definitions, revised as follows:

A) Stocks included: crude oil, major products and unfinished oils held

In refinery tanks; In bulk terminals; In pipeline tankage; In barges;

In intercoastal tankers; In oil tankers in port; In inland ship bunkers; In storage tank bottoms; In working stocks;

By large consumers as required by law or otherwise controlled by Governments.

B) Stocks excluded:

o) Crude oil not yet produced; b) Crude oil, major products and unfinished oils -held:

In pipelines;

In rail tank cars;

In truck tank cars;

In seagoing ships' bunkers;

In service stations and retail stores;

By other consumers;

In tankers at sea;

As military slocks.

2 — That portion of oil stocks which can be credited towards each Participating Country's emergency reserve commitment is its total oil stocks under the above definition minus those stocks which can be technically determined as being absolutely unavailable in even the most severe emergency. The Standing Group on Emergency Questions shall examiné this concept and report on criteria for the measurement of absolutely unavailable stocks.

3 — Until a decision has been taken on this matter, each Participating Country shall subtract 10 per cent from its total stocks in measuring its emergency reserves.

4 — The Standing Group on Emergency Questions shall examine and report to the Management Committee on:

a) The moJalities of including naphtha for uses other than motor and aviation gasoline in the consumption against which stocks are measured;

b) The possibility of creating common rules for

the treatment of marine bunkers in an emergency and of including marine bunkers in the consumption against which stocks are measured;

c) The possibility of creating common rules

concerning demand restraint for aviation bunkers;

d) The possibility of crediting towards emergency

reserve commitments some portion of oil at sea at the time of activation of emergency measures;

e) The possibility of increasing supplies available

in an emergency through savings in the distribution system.

ARTICLE 2

1 — Fuel switching capacity is defined as normal oil consumption that may be replaced by other fuels in an emergency, provided that this capacity is subject

•to government control in an emergency, can be brought into operation whitin one month and that secure supplies of the alternative fuel are available for use.

2 — The supply of alternative fuel shall be expressed in terms of oil equivalent.

3 — Stocks of an alternative fuel reserved for fuel switching purposes may be credited towards emergency reserve commitments insofar as they can be used during the period of self-sufficiency.

4 — Stand-by production of an alternative fuel reserved for fuel switching purposes will be credited towards emergency reserve commitments on the same basis as stand-by oil production, subject to the provisions of article 4 of this annex.

5 — The Standing Group on Emergency Questions shall examine and report to the Management Com-mitee on:

a) The appropriateness of the time limit of one

month mentioned in paragraph I;

b) The basis of accounting for the fuel switching

capacity based on stocks of an alternative fuel, subject to the provisions of paragraph 3.

ARTICLE 3

A Participating Country may credit towards its emergency reserve commitment oil stocks in another country provided that the Government of that other country has an agreement with the Government of the Participating Country that it shall impose no impediment to the transfer of those stocks in an emergency to the Participating Country.

ARTICLE 4

1—Stand-by oil production is defined as a Participating Country's potential oil production in excess of normal oil production within its jurisdiction ,

Which is subject to government control; and Which can be brought inio use during an emergency within the period of self-sufficiency.