1.7.77 Official Journal oftheEuropean Communities No L161/37
COMMISSION REGULATION (EEC )No 1445/77
of30June 1977
fixing theexport refund onolive oil
—theexisting situation and thefuture trend with
regard toprices and availabilities ofolive oilon
theCommunity market andprices forolive oilon
theworld market ;
—the aims ofthe common organization ofthe
market inolive oilwhich aretoensure equili­
brium andthenatural development ofprices and
trade onthis market ;
—theneed toavoid disturbances ontheCommunity
market ;and
—theeconomic aspect oftheproposed exports ;
Whereas ,furthermore ,Article 4ofRegulation No
171/67/EEC provides that the said refund must be
fixed inaccordance with thefollowing criteria :
—olive oilprices inthemain producing areas ofthe
Community ;
 THE COMMISSION OF THE EUROPEAN
COMMUNITIES ,
Having regard totheTreaty establishing theEuropean
Economic Community ,
Having regard toCouncil Regulation No136/66/EEC
of22September 1966 ontheestablishment ofa
common organization ofthe market inoils and
fats('),aslast amended byRegulation (EEC )No
1707/73(2),
Having regard toCouncil Regulation No162/66/EEC
of27October 1966 ontrade inoils and fats between
theCommunity and Greece (3),
Having regard toCouncil Regulation No171/67/EEC
of27June 1967 onexport refunds andlevies onolive
oil(4),aslast amended byRegulation (EEC )No
2429/72(5),and inparticular the first sentence of
Article 7thereof ,
Having regard tothe opinion ofthe Monetary
Committee ,
Whereas Article 18ofRegulation No 136/66/EEC
provides that,where prices within theCommunity are
higher than world market prices ,the difference
between these prices may becovered byarefund
when olive oilisexported tothird countries ;
Whereas Article 8ofRegulation No 162/66/EEC
provides that Article 18ofRegulation No 136/
66/EEC andthemeasures taken inapplication thereof
apply ,subject totheprovisions oftheAgreement esta­
blishing an Association between the European
Economic Community and Greece ,totrade between
theCommunity and Greece ;
Whereas therules andother provisions forfixing and
granting export refunds onolive oilarecontained in
Regulations No171/67/EEC and (EEC )No616/72(6 ),
aslastamended byRegulation (EEC )No231/77(7);
Whereas Article 2ofRegulation No 171/67/EEC
provides that therefund must bethesame forthe
whole Community ;
Whereas Article 3ofRegulation No 171/67/EEC
provides that when therefund onolive oilisbeing
fixed account must betaken of:—themost favourable quotations recorded onthe
various markets ofimporting third countries and
Greece ;and
—marketing costs and themost favourable transport
charges from Community markets inthemain
producing areas toports orother points ofexport
intheCommunity ,aswell ascosts incurred in
placing thegoods ontheworld market ;
Whereas Article 5ofRegulation No 171/67/EEC
provides that therefund onolive oilmay bevaried
according todestination where theworld market situa­
tion orthespecific requirements ofcertain markets
make this necessary ;
Whereas Article 7ofRegulation No 171/67/EEC
provides that therefund must befixed atleast once •
every month ;whereas itmay ,ifnecessary ,bealtered
intheintervening period ;
Whereas itfollows from applying these rules and
other provisions tothe present situation onthe
market inolive oiland inparticular toolive oilprices
within theCommunity and onthemarkets ofthird
countries and Greece that therefund should befixed
attheamounts shown intheAnnex tothis Regula­
tion ;(»)OJNo172,30.9.1966 ,p.3025 /66.
(2)OJNo L175,29.6.1973 ,p.5.
(')OJNo197,29.10.1966 ,p.3393/66.
(4)OJNo 130 ,28.6.1967 ,p.2600 /67.
(5)OJNo L264 ,23.11.1972 ,p.1.
(6)OJNo L78,31.3.1972 ,p.1.
(7)OJNo L31,3.2.1977 ,p.14.

No L161/38 Official Journal oftheEuropean Communities 1.7.77
HAS ADOPTED THIS REGULATION :
Article 1Whereas ,iftherefund system istooperate normally ,
refunds should becalculated onthefollowing basis :
—inthe case ofcurrencies which aremaintained in
relation toeach other ,atany given moment ,
within aband of2-25 %,arateofexchange based
ontheir effective parity ;
—forother currencies anexchange ratebased onthe
arithmetic mean ofthespot market rates ofeach
ofthese currencies recorded foragiven period ,in
relation totheCommunity currencies referred to
intheprevious subparagraph ;
Whereas themeasures provided forinthisRegulation
areinaccordance with theopinion oftheManage­
ment Committee forOils and Fats ,The refunds ontheproducts listed inArticle 1(2)(c)
ofRegulation No136/66/EEC ,exported tothird coun­
tries and Greece ,arehereby fixed asshown inthe
Annex tothis Regulation .
Article 2
This Regulation shall enter into force on 1July 1977 .
This Regulation shall bebinding initsentirety and directly applicable inallMember
States .
Done atBrussels ,30June 1977 .
For the Commission
Finn GUNDELACH
Vice-President
ANNEX
Refund applicable toolive oilfrom 1July 1977
(U.O./100kg)
CCT heading No Description ofgoods Refund
15.07 Fixed vegetable oils,fluid orsolid ,crude ,refined orpurified :
A Olive oil :
I Having undergone arefining process :
a) Obtained byrefining virgin olive oil,whether ornotblended with virgin olive oil :
Inimmediate packings ofanetcapacity of5kgorless :
—destinations mentioned inArticle 3ofCommission Regulation (EEC )No
192/750aswell asonexport toEuropean third countries excluding Greece and
third countries onthe Mediterranean 4-00
—onexport toother third countries excluding Greece ,European third countries and
third countries onthe Mediterranean 7-00
II Other :
a) Virgin olive oil :
Inimmediate packings ofanetcapacity of5kgorless :
—destinations mentioned inArticle 3ofCommission Regulation (EEC )No192/75
aswell asonexport toEuropean third countries excluding Greece andthird coun­
tries onthe Mediterranen 4-00
—onexport toother third countries excluding Greece ,European third countries and
third countries onthe Mediterranean 7Ό0
(')OJNo L25,17.1.1975 ,p.1