Decision ID: 003014

In March 2005 the Supplementary Fund Assembly approved the proposed revised oil reporting form and explanatory notes, which enabled, inter alia, States to indicate whether a report to the 1992 Fund should be considered as a report to the Supplementary Fund also. The Assembly recalled that Article 14 of the Supplementary Fund Protocol dealt with the case where the aggregate quantity of contributing oil received in a Member State in a given calendar year was les than 1 million tonnes, which resulted in the Member State being liable to pay contributions for a quantity of contributing oil corresponding to the difference between 1 million tonnes and the aggregate quantity of actual contributing oil receipts reported in respect of that State. The Assembly decided that such a State should not be required to submit a report in respect of any contributing oil which would have been deemed to have been received in that State, but that the Director should write to that State, requesting it to identify the government ministry or authority responsible for the payment of such contributions, and also indicating the quantity of contributing oil for which the State was obliged to pay contributions.

Date: 01.03.2005
Category: Administrative matters
Subject: Reports on contributing oil receipts