Article 3 United Kingdom stocks

(1)

A stock is P's United Kingdom stock where—

(a)

the stock is an eligible stock;

(b)

the requirements in article 5 are satisfied in respect of the stock;

(c)

the stock is held—

(i)

by P in the United Kingdom;

(ii)

by P in accordance with an international storage arrangement which has been authorised by the Secretary of State; or

(iii)

by a person other than P in accordance with a United Kingdom ticket arrangement, a CSE ticket arrangement or an international ticket arrangement which has been authorised by the Secretary of State;

(d)

the stock is available to, and physically accessible by, P at all times; and

(e)

the stock is not the United Kingdom stock of any other person.

(2)

A biofuel or additive which is not blended with an eligible stock is P's United Kingdom stock where—

(a)

the requirements in articles 5 and 6 are satisfied in respect of the biofuel or additive;

(b)

the biofuel or additive is held—

(i)

by P in the United Kingdom; or

(ii)

by a person other than P in accordance with a United Kingdom ticket arrangement which has been authorised by the Secretary of State;

(c)

the biofuel or additive is available to, and physically accessible by, P at all times; and

(d)

the biofuel or additive is not the United Kingdom stock of any other person.