Order No. 1277 on mandatory storage of oil.

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. Information of storage activities shall be registered and kept confidential. Commercial entities producing crude oil and petroleum products (including LPG) with a storage obligation to 0, shall adhere to provisions which allocates a stock at a specified warehouse, and that is shared with other petroleum producing companies. Stocks of crude oil may be kept in a specified storage location for a period not exceeding 12 months.
The Order consists of 19 Chapters and 3 Appendices: Scope and definitions (1); Central storage unit (2); Emergency stock (3); Mandatory oil storage and its entry into force and cessation (4); Storage size and period (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); Special provisions for commercial production of crude oil (9); International and national stock storage agreements (10); Specific storage (11); Available stock storage (12); Duty to notify (13); Records of emergency and specific storage (14); Confidentiality (15); Appeals (16); Exemptions (17); Penalties (18); Entry into force (19).
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 and article 24, section 9.
Appendix 3 - Specification of information in accordance to article 39, sections 2-4.