because a change in any Participating Country's share in total oil consumption has occurred or for any other reason. 7. Any change in paragraph 2, 3 or 4 shall be based on the concepts underlying those paragraphs and paragraph 6. Relations With Other Entities Article 63 In order to achieve the objectives of the Program, the Agency may establish appropriate relations with non-participating countries, international organizations, whether governmental or non-governmental, other entities and individuals. Financial Arrangements Article 64 1. The expenses of the Secretariat and all other common expenses shall be shared among all Participating Countries according to a scale of contributions elaborated according to the principles and rules set out in the Annex to the "OECD Resolution of the Council on Determination of the Scale of Contributions by Member Countries to the Budget of the Organisation of December 10th, 1963. After the first year of application of this Agreement, the Governing Board shall review this scale of contributions and, acting by unanimity", shall decide upon any appropriate changes in accordance with Article 73. 2. Special expenses incurred in connection with special activities carried out pursuant to Article 65 shall be shared by the Participating Countries taking part in such special activities in such proportions as shall be determined by unanimous agreement between them. 3. The Executive Director shall, in accordance with the financial regulations adopted by the Governing Board and not later than October 1st of each year, submit to the Governing Board a draft budget including personnel requirements. The Governing Board, acting by majority, shall adopt the budget. 4. The Governing Board, acting by majority, shall take all other necessary decisions regarding the financial administration of the Agency. 5. The financial year shall begin on January 1st and end on December 31st of each year. At the end of each financial year, revenues and expenditures shall be submitted to audit. Special Activities Article 65 1. Any two or more Participating Countries may decide to carry out within the scope of this Agreement special activities, other than activities which are required to be carried out by all Participating Countries under Chapters I to V. Participating Countries which do not wish to take part in such special activities shall abstain from taking part in such decisions and shall not be bound by them. Participating Countries carrying out such activities shall keep the Governing Board informed thereof. 2. For the implementation of such special activities, the Participating Countries concerned may agree upon voting procedures other than those provided for in Articles 61 and 62. Implementation of the Agreement Article 66 Each Participating Country shall take the necessary measures, including any necessary legislative measures, to implement this Agreement and decisions taken by the Governing Board. Article 67 Chapter X. Final Provisions 1. Each Signatory State shall, not later than May 1st, 1975, notify the Government of Belgium that, having complied with its constitutional procedures, it consents to be bound by this Agreement. 2. On the tenth day following the day on which at least six States holding at least 60 per cent of the combined voting weights mentioned in Article 62 have deposit a notification of consent to be bound or an instrument of accession, this Agreement shall enter into force for such States. 3. For each Signatory State which deposits its notification thereafter, this Agreement shall enter into force on the tenth day following the day of deposit. 4. The Governing Board, acting by majority, may upon request from any Signatory State decide to extend, with respect to that State, the time limit for notification beyond May 1st, 1975. Article 68 1. Notwithstanding the provisions of Article 67, this Agreement shall be applied provisionally by all Signatory States, to the extent possible not inconsistent with their legislation, as from November 18, 1974 following the first meeting of the Governing Board. 2. Provisional application of the Agreement shall continue until: -the Agreement enters into force for the State concerned in accordance with Article 67, or -60 days after the Government of Belgium receives notification that the State concerned will not consent to be bound by the Agreement, or -the time limit for notification of consent by the State concerned referred to in Article 67 expires. Article 69 1. This Agreement shall remain in force for a period of ten years from the date of its entry into force and shall continue in force thereafter unless and until the Governing Board, acting by majority, decides on its termination. 2. Any Participating Country may terminate the application of this Agreement for its part upon twelve months' written notice to the Government of Belgium to that effect, given not less than three years after the first day of the provisional application of this Agreement. Article 70 1. Any State may, at the time of signature, notification of consent to be bound in accordance with Article 67, accession or at any later date, declare by notification addressed to the Government of Belgium that this Agreement shall apply to all or any of the territories for whose international relations it is responsible, or to any territories within its frontiers for whose oil supplies it is legally responsible. 2. Any declaration made pursuant to paragraph 1 may, in respect of any territory mentioned in such declaration, be withdrawn in accordance with the provisions of Article 69, paragraph 2. Article 71 1. This Agreement shall be open for accession by any Member of the Organisation for Economic Co-operation and Development which is able and willing to meet the requirements of the Program. The Governing Board, acting by majority, shall decide on any request for accession. 2. This Agreement shall enter into force for any State whose request for accession has been granted on the tenth day following the deposit of its instrument of accession with the Government of Belgium, or on the date of entry into force of the Agreement pursuant to Article 67, paragraph 2, whichever is the later. 3. Until May 1st, 1975, accession may take place on a provisional basis under the conditions set out in Article 68. Article 72 1. This Agreement shall be open for accession by the European Communities. 2. This Agreement shall not in any way impede the further implementation of the treaties establishing the European Communities. Article 73 This Agreement may at any time be amended by the Governing Board, acting by unanimity. Such amendment shall come into force in a manner determined by the Governing Board, acting by unanimity and making provision for Participating Countries to comply with their respective constitutional procedures. Article 74 This Agreement shall be subject to a general review after May 1st, 1980. Article 75 The Government of Belgium shall notify all Participating Countries of the deposit of each notification of consent to be bound in accordance with Article 67, and of each instrument of accession, of the entry into force of this Agreement or any amendment thereto, of any denunciation thereof, and of any other declaration or notification received. Article 76 The original of this Agreement, of which the English, French and German texts are equally authentic, shall be deposited with the Government of Belgium, and a certified copy thereof shall be furnished to each other Participating Country by the Government of Belgium. Article 1 Annex. Emergency Reserves 1. Total oil stocks are measured according to the OECD and EEC definitions, revised as follows: A. Stocks included: crude oil, major products and unfinished oils held -in refinery tanks -in bulk terminals -in pipeline tankage -in barges -in intercoastal tankers -in oil tankers in port -in inland ship bunkers -in storage tank bottoms -in working stocks -by large consumers as required by law or otherwise controlled by Governments. B. Stocks excluded: (a) crude oil not yet produced (b) crude oil, major products and unfinished oils held -in pipelines -in rail tank cars -in truck tank cars -in seagoing ships' bunkers -in service stations and retail stores -by other consumers -in tankers at sea -as military stocks. 2. That portion of oil stocks which can be credited toward each participating Country's emergency reserve commitment is its total oil stocks under the above definition minus those stocks which can be technically determined as being absolutely unavailable in even the most severe emergency. The Standing Group on Emergency Questions shall examine this concept and report on criteria for the measurement of absolutely unavailable stocks. 3. Until a decision has been taken on this matter, each Participating Country shall subtract 10 per cent from its total stocks in measuring its emergency reserves. The Standing Group on Emergency Questions shall examine and report to the Management Committee on: (a) the modalities of including naphtha for uses other than motor and aviation gasoline in the consumption against which stocks are measured, (b) the possibility of creating common rules for the treatment of marine bunkers in an emergency, and of including marine bunkers in the consumption against which stocks are measured, (c) the possibility of creating common rules concerning demand restraint for aviation bunkers, (d) the possibility of crediting towards emergency reserve commitments some portion of oil at sea at the time of activation of emergency measures, (e) the possibility of increasing supplies available in an emergency through savings in the distribution system. Article 2 1. Fuel switching capacity is defined as normal oil consumption that may be replaced by other fuels in an emergency, provided that this capacity is subject to government control in an emergency, can be brought into operation within one month, and that secure supplies of the alternative fuel are available for use. 2. The supply of alternative fuel shall be expressed in terms of oil equivalent. 3. Stocks of an alternative fuel reserved for fuel switching purposes may be credited towards emergency reserve commitments insofar as they can be used during the period of self-sufficiency. 4. Stand-by production of an alternative fuel reserved for fuel switching purposes will be credited toward emergency reserve commitments on the same basis as stand-by oil production, subject to the provisions of Article 4 of this Annex. 5. The Standing Group on Emergency Questions shall examine and report to the Management Committee on (a) the appropriateness of the time limit of one month mentioned in paragraph 1, (b) the basis of accounting for the fuel switching capacity based on stocks of an alternative fuel, subject to the provisions of paragraph 3. Article 3 A Participating Country may credit towards its emergency reserve commitment oil stocks in another country provided that the Government of that other country has an agreement with the Government of the Participating Counry that it shall impose no impediment to the transfer of those stocks in an emergency to the Participating Country. Article 4 1. Stand-by oil production is defined as a Participating Country's potential oil production in excess of normal oil production within its jurisdiction -which is subject to government control, and -which can be brought into use during an emergency within the period of self-sufficiency. 2. The Standing Group on Emergency Questions shall examine and report to the Management Committee on (a) the concept of and methods of measurement of stand-by oil production as referred to in paragraph 1, (b) the appropriateness of "the period of self-sufficiency” as a time limit, (c) the question of whether a given quantity of standby oil production is of greater value for purposes of emergency self-sufficiency than the same quantity of oil stocks, the amount of a possible credit for standby production, and the method of its calculation. Article 5 Stand-by oil production available to a Participating Country within the jurisdiction of another country may be credited towards its emergency reserve commitment on the same basis as stand-by oil production within its own jurisdiction, subject to the provisions of Article 4 of this Annex provided that the Government of that other country has an agreement with the Government of the Participating Country that it |