Order No. 1340 on mandatory storage of oil. Country/Territory Denmark Document type Regulation Date 2014 Source FAO, FAOLEX Subject Energy, Waste & hazardous substances Keyword Data collection/reporting Oil Bioenergy Biofuel Transport/storage Enforcement/compliance Classification/declassification Geographical area Europe, Europe and Central Asia, European Union Countries, North Sea, North-East Atlantic, Northern Europe Entry into force notes 1 January 2015. 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. Full text Danish Website www.retsinformation.dk References - Legislation Implements Oil Preparedness Act (No. 354 of 2012). Legislation | Denmark | 2012 Keyword: Early warning system, International organization, Data collection/reporting, Policy/planning, Transport/storage, Oil Source: FAO, FAOLEX Repeals Order No. 1277 on mandatory storage of oil. Legislation | Denmark | 2013 Keyword: Data collection/reporting, Oil, Bioenergy, Biofuel, Transport/storage, Enforcement/compliance Source: FAO, FAOLEX