Examples of IEP Agreement in a sentence
The Department issued a Request for Tender (RFT) in [Insert Date of issue of RFT] for tenders to hold oil stock tickets for the Department to assist the Australian Government to meet its obligations under the IEP Agreement.
Status of Compliance with IEP Agreement Stockholding Obligations 4.
In order to solve this paradox the US film industry has put in place the so-called Virtual Print Fee (VPF) model.
For the avoidance of doubt, any restructuring of the Department, change of name or change in government policy relating to the IEP Agreement does not constitute a material breach.
Under the IEP Agreement, member countries accepted a treaty commitment to hold crude oil and petroleum product stocks equivalent to a minimum of 90 days of the previous year's daily net import demand, and participate in collective actions1 initiated by the IEA during a liquid fuel emergency.In the last few years Australia has not achieved the minimum inventory commitment set by the IEA.
The exclusive economic zones (EEZ) were not in place when the IEP Agreement was put in place so the definitions reflect only territorial waters (count stocks once they have crossed) and high seas (don’t count stock unless on a intercoastal tanker).The UNCLOS defines high seas as “all parts of the sea that are not included in the exclusive economic zone, in the territorial sea or in the internal waters of a State, or in the archipelagic waters of an archipelagic State.” (Article 86).
Compared with the provisions of the IEP Agreement of 1974, the Shared Goals dedicate much more attention to free trade and to the environment, while the document contains fewer references to nuclear energy.33 Despite these changes, in some ways the IEA remained structurally frozen in time.
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 Country that it shall impose no impediment to the transfer of those stocks in an emergency to the Participating Country.4The IEP Agreement does specify what stock types can be reported in the IEA submission but doesn’t detail the reporting requirements.
Under the IEP Agreement, member countries accepted a treaty commitment to hold crude oil and petroleum product stocks equivalent to a minimum of 90 days of the previous year's daily net import demand, and participate in collective actions1 initiated by the IEA during a liquid fuel emergency.
IEP Agreement International Energy Program Agreement (‘the Treaty’).