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II SÉRIE — NÚMERO 53

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 J

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:

a) Crude oil not yet produced; 6) 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 stocks.

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 examine 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 modalities of including naphtha for uses other than motor and aviation gasoline in the consumption against which stocks are measured;

it is responsible, or to any territories within its frontiers for whose oil supplies it is legally responsible.

2 — Any declaration made pursuant to paragraph 1 may, in respect of any territory mentioned in such declaration, be withdrawn in accordance with the provisions of article 69, paragraph 2

ARTICLE 71

1 — This Agreement shall be open for accession by any Member of the Organization for Economic Co-Operation and Development which is able and willing to meet the requeriments of the Program. The Governing Board, acting by majority, shall decide on any request for accession.

2 — This Agreement shall enter into force for any state whose request for accession has been granted on the tenth day following the deposit of its instrument of accession with the Government of Belgium, or on the date of entry into force of the Agreement pursuant to article 67, paragraph 2, whichever is the later.

3 — Accession may take place on a provisional basis under the conditions set out in article 68, subject to such time limits as the Governing Board, acting by majority, may fix for an acceding State to deposit its notification of consent to be bound.

ARTICLE 72

1 — This Agreement shall be open for accession by the European Communities.

2 — This Agreement shall not in any way impede the further implementation of the treaties establishing the European Communities.

ARTICLE 73

This Agreement may at any time be amended by the Governing Board, acting by unanimity. Such amendment shall come into force in a manner determined by the Governing Board, acting by unanimity and making provision for Participating Countries to comply with their respective constitutional procedures.

ARTICLE 74

This Agreement shall be subject to a general review after 1st May, 198©.

ARTICLE 75

The Government of Belgium shall notify all Participating Countries of the deposit of each notification of consent to be bound in accordance with article 67, and of each instrument of accession, of the entry into force of this Agreement or any amendment thereto, of any denunciation thereof, and of any other declaration or notification received.

ARTICLE 76

The original of this Agreement, of which the English, French and German texts are equally authentic, shall be deposited with the Government of Belgium, and a certified copy thereof shall be