overall oil and refined product storage capacity on the Host Country’s national territory; aggregated breakdown of stocks held by the Supplier for country or countries; itemised breakdown of stocks held by the Supplier for IEA member countries; and name and location of Supplier’s facility where IEA member country stocks are held. The Supplier must ensure that the Host Country: collects National Data; ensures that JODI returns for the preceding six months are for the ‘adequate’ purposes of the JODI; and submits National Data directly to the IEA as required for the purposes of the IEP Agreement. If the Supplier cannot comply with clause 2(b) of this Appendix Two because the Host Country does not collect or report National Data to the IEA, the Supplier must: prepare and submit to the Department a Clarification of Disposition of Ownership on a quarterly basis; provides access to the Department, on reasonable written notice, to conduct a physical audit, at the Department’s cost, at the mid- point of the Term to enable the Department to satisfy its obligations under the IEP Agreement; provides the Department with any assistance that may be needed to clarify the Clarification of Disposition of Ownership; and allows the Department to submit the Clarification of Disposition of Ownership to the IEA, on a confidential basis, for the purposes of satisfying Australia’s stockholding obligations under the IEP Agreement.
overall oil and refined product storage capacity on the Host Country’s national territory; aggregated breakdown of stocks held by the Supplier for country or countries; itemised breakdown of stocks held by the Supplier for IEA member countries; and name and location of Supplier’s facility where IEA member country stocks are held. The Supplier must ensure that the Host Country: collects National Data; ensures that JODI returns for the preceding six months are ‘adequate’ for the purposes of the JODI; and submits National Data directly to the IEA as required for the purposes of the IEP Agreement. If the Supplier cannot comply with clause 2(b) of this Appendix Two because the Host Country does not collect or report National Data to the IEA, the Supplier must: prepare and submit to the Department a Clarification of Disposition of Ownership on a quarterly basis; provides access to the Department, on reasonable written notice, to conduct a physical audit, at the Department’s cost, at the mid- point of the Term to enable the Department to satisfy its obligations under the IEP Agreement; provides the Department with any assistance that may be needed to clarify the Clarification of Disposition of Ownership; and allows the Department to submit the Clarification of Disposition of Ownership to the IEA, on a confidential basis, for the purposes of satisfying Australia’s stockholding obligations under the IEP Agreement.
oil_stock_ticketing_-_offshore_contract_0.docx