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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 stock 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 area within the European Union over which each Contracting Party exercises jurisdiction;
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.