S.L. 545.20 Art. 4Minimum stock level of LPG to be held by the authorised provider.

An authorised provider authorised by the Regulator to import or wholesale or store and bottle LPG shall maintain a minimum stock level equivalent to 20% of the total storage capacity of his storage facility of LPG. This minimum level of 20%

may include, at the discretion of the Regulator, a vessel loaded with

LPG for departure to or in transit to Malta, when warranted by the size of the facility and the scale of operations involved:

Provided that the authorised provider shall also hold in stock, at any time, as part of his total storage capability, a minimum guaranteed stock of LPG equivalent to his total average sales in

Malta and Gozo during eight days of the previous calendar year. In calculating the amount to be held as minimum guaranteed stock of LPG, the Regulator shall take into account any seasonality factor which may be present. The authorised provider shall not be required to hold this minimum guaranteed stock of LPG when such amount is less than the minimum stock level equivalent to 20% of the total storage capacity of his primary storage facility of LPG: Provided further that the minimum guaranteed stock of LPG required to be held by the authorised provider in terms of these regulations, shall be held, without prejudice to any obligation incumbent on the authorised provider, in regard to the holding of minimum security stocks of petroleum products, emanating from any national or international obligation.