Artikel 1

For the purposes of this Agreement:
a) ``competent authority" means the governmental authority of each Contracting Party responsible for supervising the fulfilment by undertakings of the stock obligation;
b) ``stocks" means any stocks of crude oil or petroleum products (including blending and finished products) covered by the Directive;
c) ``stock obligation" means the overall quantity of stocks required to be held under national law;
d) ``supply crisis" in this Agreement shall have the same meaning as in Article 6, paragraph 2, of the Directive;
e) ``territory" means the territory situated in Europe of the Contracting Party concerned;
f) ``undertaking" means any undertaking, body or entity established in the territory of one Contracting Party which holds stocks for the purpose of facilitating compliance (whether by that undertaking or a third party) with the law relating to oil stocking obligations of that or the other Contracting Party.