Order No. 1340 on mandatory storage of oil.
Country
Type of law
Regulation
Abstract
The Order sets regulations with regard to the mandatory storage 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 storage agreements may occur between Danish and foreign commercial businesses, provided both parties shall comply with Danish regulations in this sector. A part of reserves held by the central storage unit must store specific stocks, and the latter should consist of products classified as category 1, 2B and 3, and 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 notification on possible storage 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); Criteria for storage (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 adherence to article 23, section 1 and article 24, section 9.
Appendix 3 - Specification of information in adherence to article 39, sections 2-4.
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 notification on possible storage 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); Criteria for storage (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 adherence to article 23, section 1 and article 24, section 9.
Appendix 3 - Specification of information in adherence to article 39, sections 2-4.
Attached files
Web site
Date of text
Entry into force notes
1 January 2015.
Notes
Implementing article 4, section 1 of Order No. 436 of 11 May 2012 on the Danish Energy Agency's functions and powers.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
Bekendtgørelse om lagringspligt m.v. for olie.
Implements