Article 4

Article 4

1.   The information which persons or undertakings are obliged to communicate to the Member State in which they are established shall relate to each import or delivery of crude oil at a specific price.

2.   ‘Import’ means each quantity of crude oil which enters the customs territory of the Community for purposes other than transit. ‘Delivery’ means each quantity of crude oil coming from another Member State for purposes other than transit. Imports or deliveries carried out on behalf of companies situated outside the importing country and intended for refining under contract and subsequent export in their entirety in the form of refined products shall be excluded.

3.   However, oil extracted from the seabed over which a Member State exercises exclusive rights for the purposes of exploitation shall not be considered, when it enters the customs territory of the Community, as being an import within the meaning of paragraph 2.