Artikel 6

1. Applications must be made to the competent authority of the Contracting Party under whose legislation the stockholding obligation arises at least 20 (twenty) working days before the commencement of the period for which authorization is sought and must include the following information:
a) the name and address of the applying undertaking (“the first undertaking”) and the name and address of the undertaking established in the Contracting Party where the stocks are to be held (“the second undertaking”), which is to hold the stocks on its behalf;
b) the category and quantity of the stocks;
c) the period for which the stocks are to be held;
d) the location, if known, of the depot(s) where the stocks are to be held;
e) period for which the authorization is being requested.
2. Where the application is approved by the competent authority of the Contracting Party under whose legislation the stockholding obligation arises (“the first competent authority”), the latter shall forward to the competent authority of the other Contracting Party (“the second competent authority”) the information listed in paragraph 1 of this Article no later than 10 (ten) working days before the start of the period for which authorization was sought and notify it of such approval.
3. The “second competent authority” shall use all reasonable endeavors to notify the first competent authority whether or not it approves the application no later than 5 (five) working days before the start of the period for which authorization was sought. In the event that no such notification is received by the first competent authority before the date of commencement of such period, the second competent authority shall be deemed not to have approved the application in question.
4. Notwithstanding the time limits indicated in paragraph (1), (2) and (3) of this Article, the competent authorities may, if necessary, agree to amend any or all of those time limits.
5. If there is any significant change in the matters regarding the supplied information, a further application as described in paragraph 1 must be submitted by the applicant.
6. Any acceptance of an application may be withdrawn by either competent authority if any significant inaccuracy is found in the particulars furnished in respect of that acceptance under paragraph 1 of this Article. Before withdrawing an acceptance under this provision the competent authority concerned shall inform the competent authority of the other Contracting Party and afford the undertaking with the stockholding obligation, which had furnished the particulars a reasonable opportunity to make representations.
7. Both undertakings consent to disclose to the competent authorities any information obtained for the purpose of implementing this Agreement.