Order No. 1178 on mandatory storage of oil.
Country
Type of law
Regulation
Abstract
The Order sets regulations with regard to the mandatory storage/stockage of crude oil, oil products, biofuel, additives etc. in use by international marine transportation. The Association of Danish Oil Contingency Stocks (FDO) is designated as the central storage unit for oil storage from 31 May 2012, in accordance to article 5 (section 1) of the Oil Preparedness Act. Companies trading in oil shall utilize the FDO for all storage of crude oil. International stockage agreements may occur between Danish and foreign commercial businesses for the storage of such commodity, provided both parties shall comply with Danish stockage regulations. A part of reserves held by the central storage unit must store specific stocks, and the latter should consist of products (Category 1, 2B and 3) which shall be utilized for domestic consumption within 30 days. Information of storage activities shall be registered and kept confidential.
The Order consists of 18 Chapters and 3 Appendices: Scope and definitions (1); Central storage unit (2); Emergency stock (3); Entry into force and cessation of storage duty (4); Storage size and periodization (5); Central storage unit disclosure of information on possible coverage of storage duty for other parties (6); Central storage unit coverage of storage duty for other parties according to article 9 (section 1) and article 10 (sections 1 and 4) (7); Conditions for storage duty (8); International and National Stock agreements (9); Specific storage (10); Available stock storage (11); Information (12); Records of emergency and specific stocks (13); Confidentiality (14); Appeals (15); Exemptions (16); Penalties (17); Entry into force (18).
Appendix 1 - Requirements for existing B-storage facilities (art. 5, section 3, No. 1).
Appendix 2 - Standard density weights for the conversion of storage in accordance to article 23, section 1.
Appendix 3 - Specification of information in accordance to article 33, sections 2-4.
The Order consists of 18 Chapters and 3 Appendices: Scope and definitions (1); Central storage unit (2); Emergency stock (3); Entry into force and cessation of storage duty (4); Storage size and periodization (5); Central storage unit disclosure of information on possible coverage of storage duty for other parties (6); Central storage unit coverage of storage duty for other parties according to article 9 (section 1) and article 10 (sections 1 and 4) (7); Conditions for storage duty (8); International and National Stock agreements (9); Specific storage (10); Available stock storage (11); Information (12); Records of emergency and specific stocks (13); Confidentiality (14); Appeals (15); Exemptions (16); Penalties (17); Entry into force (18).
Appendix 1 - Requirements for existing B-storage facilities (art. 5, section 3, No. 1).
Appendix 2 - Standard density weights for the conversion of storage in accordance to article 23, section 1.
Appendix 3 - Specification of information in accordance to article 33, sections 2-4.
Attached files
Web site
Date of text
Entry into force notes
The Order enters into force on 31 December 2012.
Notes
Regardless article 10 (section 3) the Energy Agency shall establish mandatory storage for period from 1 January to 30 June 2013.Implementing Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products.
Repealed
Yes
Source language
English
Legislation Amendment
No
Original title
Bekendtgørelse om lagringspligt m.v. for olie.
Implements
Repealed by