COVA achieves its prime objective by means of maintaining physical stocks and ‘tickets’. Within the 2012 Oil Stockpiling Act COVA has the right to enter into contractual arrangements with third parties for the delivery of physical oil products if so requested by COVA against the current market rates.

In addition all other parties subject to the Dutch oil stockpiling obligation such as refiners, importers and other entities that are active on the market for oil products have retained the right to satisfy their stockpiling obligations by entering into such contractual arrangements.

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