Storage and delegation agreements
For the storage of its stocks, the Erdölbevorratungsverband (EBV) concludes agreements with contracting parties from the oil / storage industry regarding the provision of oil storage capacity.
On the basis of a Framework Storage Agreement, a Separate Storage Agreement is concluded with the storage company of the depot regarding the relevant storage capacity made available with a contract period of between one and five years and for petroleum-based jet fuel (JET A1) up to ten years.
Additionally, the EBV may satisfy up to 10% of its stockholding obligations through the maintenance of so-called delegation quantities. Such quantities are petroleum stocks maintained by third parties and held for the benefit of the EBV. In such cases, on the basis of a Framework Delegation Agreement an Individual Delegation Agreement is concluded with the delegation party regarding the provision of the amounts subject to delegation.
The EBV satisfies its needs for oil storage capacity and delegation through an annual » Call for tender.