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+ANNEX III |
ANNEX III
ANNEX III METHODS FOR CALCULATING THE LEVEL OF STOCKS HELD The following methods must be used to calculate stock levels: Without prejudice to the case addressed in Article 4(3), no quantity may be counted as stock more than once.
Crude oil stocks are reduced by 4 %, which corresponds to the average naphtha yield.
Stocks of naphtha and petroleum products for international marine bunkers are not included.
Other petroleum products are included in the stock count using one of the two methods set out below. Member States must continue to use the method they have chosen throughout the whole calendar year in question.
Member States may:
(a)
include all other stocks of the petroleum products identified in Chapter 3.4 of Annex A to Regulation (EC) No 1099/2008 and calculate the crude oil equivalent by multiplying the quantities by a factor of 1,065; or
(b)
include stocks of only the following products: motor gasoline, aviation gasoline, gasoline-type jet fuel (naphtha-type jet fuel or JP4), kerosene-type jet fuel, other kerosene, gas/diesel oil (distillate fuel oil) and fuel oil (high sulphur content and low sulphur content) and calculate the crude oil equivalent by multiplying the quantities by a factor of 1,2. The calculation may include quantities held:
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in refinery tanks,
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in bulk terminals,
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in pipeline tankage,
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in barges,
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in intercoastal tankers,
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in oil tankers in port,
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in inland ship bunkers,
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in storage tank bottoms,
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as working stocks,
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by large consumers as required by law or otherwise controlled by governments.
However, those quantities except for any held in refinery tanks, in pipeline tankage or in bulk terminals, may not be included when calculating levels of specific stocks where such stocks are calculated separately from emergency stocks. The calculation may never include:
(a)
crude oil not yet produced;
(b)
quantities held:
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in pipelines,
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in rail tank cars,
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in seagoing ships’ bunkers,
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in service stations and retail stores,
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by other consumers,
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in tankers at sea,
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as military stocks.
When calculating their stocks, Member States must reduce the quantities of stocks calculated as set out above by 10 %. That reduction applies to all quantities included in a given calculation. However, no 10 % reduction is to be applied when calculating the level of specific stocks or the levels of the different categories of specific stocks where those stocks or categories are considered separately from the emergency stocks, particularly with a view to verifying compliance with the minimum levels laid down by Article 9. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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