NoL148/18 OfficialJournaloftheEuropeanCommunities 16.6.77
COMMISSION REGULATION (EEC)No1287/77
ofISJune1977
ontheputtingupforsaleofoliveoilheldbytheItalianinterventionagency
Article2
Particularsofthelotsofoilofferedforsaleandthe
placewheretheyarestoredshallbedisplayedatthe
centralofficeofAIMA,ViaPalestro81,Rome,Italy.
Theinvitationtotendershallbedisplayedfrom16
June1977.
ArticleJ
Theminimumsellingpriceshallbeaslaiddownin
theAnnexhereto.
Article4THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsand
fats('),aslastamendedbyRegulation (EEC)No
1707/73(2),andinparticularArticle11(5)thereof,
Whereas,pursuanttoArticle11(1)ofRegulationNo
136/66/EEC,theItalianinterventionagencybought
inlargequantitiesofoliveoilduringthe1975/76
marketingyear;
WhereasCommissionRegulation(EEC)No1226/77
of8June1977ondetailedrulesforthesaleofolive
oilheldbyinterventionagencies(3)laiddownthe
conditionsforsalebytenderontheCommunity
marketofoliveoil;whereasthestateoftheItalian
marketinoliveoilisatpresentfavourableforthe
resaleofpartofthesaidoil;whereas,inviewofthe
stateofthemarket,thesalebytendershouldtake
placeassoonaspossible;
Whereas,toavoidtheriskofdisturbingthemarket,
themaximumquantitywhichmaybeawardedtoa
singleparticipantinthetenderingprocedureshould
belimited;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,TheoliveoilshallbesoldbyAIMAon27and28
June1977.
AIMAshallsupplytheagenciesresponsiblefor
storagewithalistofthelotsremainingunsold.
Article5
TendersshallreachAIMA,ViaPalestro81,Rome,
Italy,notlaterthan2p.m.(Italiantime)on26June
1977.
Article6
Noapplicationforpurchaseshallbevalidunlessitis
accompaniedbyasecurityofLit13000per100kilo­
gramsofextravirginoliveoilandLit8000per100
kilogramsofolive-residueoil.HASADOPTEDTHISREGULATION :
Article1
Article7
TheItalianinterventionagency,'AziendadiStatoper
gliinterventinelmercatoagricolo'hereinafterreferred
toas'AIMA',shallputupforsalebytender:
—5000tonnesextravirginoliveoil,
—6000tonnesolive-residue oil,However,wherethetotalquantityinrespectofwhich
atendererh^sofferedthehighestpriceexceeds500
tonnesforextravirginoliveoiland1500tonnesfor
olive-residue oil,thecontractshallbeawardedtothat
tendereronlyinrespectofthelotorlotsthetotal
contentsofwhichdonotexceedthesaidlimit.
Contractsforthequantitiesinexcessofthatlimit
shallbeawardedtotheothertenderers,indescending
orderofofferpriceandsubjecttothesaidlimit.
Whendeterminingthelotorlotstobeexcludedfrom
aparticularawardundertheprecedingparagraph,theoutoftheinterventionpurchasesmadeduringthe
1975/76oliveoilmarketingyear,inaccordancewith
theprovisionsofthisRegulationandofRegulation
(EEC)No1226/77.
(')OJNo172,30.9.1966,p.3025/66.
(*)OJNoL175,29.6.1973,p.5.
(3)OJNoL141,9.6.1977,p.20.

16.6.77 OfficialJournaloftheEuropeanCommunities NoL148/19
Italianinterventionagencyshallchoosethelotorlots
forwhichthetendererhasofferedthelowestprice.Article9
Article8
ThestoragechargereferredtoinArticle15ofRegula­
tion(EEC)No1226/77shallbeLit1000per100kilo­
grams.ThisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,15June1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
MinimumsellingpriceforoliveoilheldbytheItalianinterventionagency
Extravirginoliveoil:Lit155000per100kilograms .
15°olive-residueoil:Lit84000per100kilograms .
Inthecaseofolive-residueoilwithadifferentdegreeofacidity,thereshallbeaddedordeductedas
thecasemaybeLit1000per100kilogramsforeachdegreeofacidityorfractionthereoflessor
morethan15°.