Viadrina Logo
Jura Logo
Foto Logo

Article Comparison - International Natural Rubber Agreement

Article 34
Location of Buffer Stocks

1. The location of Buffer Stocks shall ensure economic and efficient commercial operations. In accordance with this principle, the Buffer Stocks shall be located in the territory of both exporting and importing members, unless the Council, by special vote, decides otherwise. The distribution of the Buffer Stock rubber shall be consistent with attaining the stabilization objectives of the Agreement while minimizing costs.

2. In order to maintain high commercial quality standards, Buffer Stocks shall be stored only in warehouses approved on the basis of criteria established by the Council of the International Natural Rubber Agreement, 1987, or revised by the Council under this Agreement.

3. After the entry into force of this Agreement, the Council shall establish and approve the list of warehouses and the necessary arrangements for their use. The Council may, if necessary, review the list of warehouses approved by the Council of the International Natural Rubber Agreement, 1987, and the criteria established by the said Council and maintain or revise them accordingly.

4. The Council shall also periodically review the location of the Buffer Stocks and may, by special vote, direct the Buffer Stock Manager to change the location of the Buffer Stocks to ensure economic and efficient commercial operations.