Introductory TextIntroduction1.Citation, commencement and effect2.Interpretation3.Category 1 oil4.Interpretation – reports and factors used in calculationsScope5.General scope of these RegulationsValuing Category 1 oil6.General7.The notional delivery day: the general rule8.The notional delivery day: additional rule9.The average reference value: notional delivery day one for which reference values available10.The average reference value: notional delivery day a Saturday, or a Bank Holiday which is not a Monday, and for which reference values not available11.The average reference value: notional delivery day a Sunday, or a Bank Holiday which is a Monday12.The average reference value: additional provisions13.The adjustment factors — general14.Adjustment factor — Brent blend15.Adjustment factor — other Category 1 oil16.The total market value of the oilValuing Category 2 oils17.Market value: Category 2 oils18.Method 119.Method 2: general20.Finding the relevant reference oils for the Category 2 oil in question21.Finding the average marker crude price22.Adjusting the average marker crude price23.Total value of the Category 2 oil sold or relevantly appropriated24.Special rulesSignatureExplanatory Note