9.9.76 OfficialJournaloftheEuropeanCommunities NoL247/11
COMMISSION REGULATION (EEC)No2197/76
of8September1976
ontheputtingupforsaleofoliveoilheldbytheItalianinterventionagency
Whereas,inordertoguaranteeperformanceofthe
obligationsresultingfromthesubmissionofanappli­
cation,provisionshouldbemadeforthelodgingofa
security;
Whereas,sincethequantityofoilsoldmaybe
differentfromthatactuallywithdrawn,thefinal
sellingpricecannotbecalculateduntiltheendofthe
withdrawaloperation;whereas,inordertoensurethat
thesaleisproperlyconducted,theprovisionalprice
shouldbepaidbeforewithdrawal ;
Whereas,inordertoensuretherapiddisposalofthe
oilsold,thetimeatwhichtheoilmustbeplacedat
thepurchaser'sdisposalandthefinaldateforcomple­
tionofthewithdrawaloftheoilshouldbelaiddown;
whereasitshouldalsobeprovidedthatany
consequences ofdelayinthewithdrawalshouldbe
bornebythepurchaser;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganization ofthemarketinoilsand
fats('),aslastamendedbyRegulation (EEC)No
1707/73(2),andinparticularArticle11(5)thereof,
Whereas,pursuanttoArticle11(1)ofRegulationNo
136/66/EEC,theItalianinterventionagencybought
inlargequantitiesofoliveoilduringthe1975/76
marketingyear;whereasthestateoftheItalian
marketinoliveoilisatpresentfavourableforthe
resaleofthesaidoil;whereas,inviewofthecharacte­
risticsofthemarket,thesaleshouldbecarriedoutas
soonaspossible;
WhereasCommissionRegulation(EEC)No589/68of
14May1968ondetailedrulesforthesaleofoliveoil
heldbytheinterventionagencies(3),laiddownthe
conditionsforthesalebytenderontheCommunity
marketofoilheldbyinterventionagencies;whereas
theprocedurelaiddownthereininvolvestimelimits
whichareincompatiblewiththeneedtoofferthesaid
oilforsaleasquicklyaspossible;
Whereas,moreover,experiencehasshownthatthe
saidprocedureinvolvesdeliveryperiodswhichare
incompatiblewithcommercialpracticesandrequire­
ments;whereasspecialmeasuresshouldthereforebe
laiddowntocounteractthosedrawbacks ;whereasthis
maybeachievedbyprovidingforthesaleoftheoilto
thepurchaserwho,subjecttoaminimumprice,
makesthehighestoffer;
WhereasArticle11(3)ofRegulationNo136/66/EEC
specifiesthetermsonwhichoilboughtinbythe
interventionagenciesmustbeofferedforsale;
whereas,inordertoensureobservanceofthoseterms,
minimumsellingpricesshouldbefixedatthelevels
shownintheAnnexhereto;
Whereas,inordertoensurethatthesellingoperations
arcproperlycarriedout,certaininformationshouldbe
providedintheapplicationforpurchase,,inparticular
asregardstheexactdefinitionoftheproducttowhich
itrelates;HASADOPTEDTHISREGULATION :
Article1
TheItalianinterventionagency,AziendadiStatoper
gliinterventinelMercatoAgricolo',hereinafter
referredtoas'AIMA',shallofferforsale,outofthe
interventionpurchasesofthe1975/76oilmarketing
year,andinaccordancewiththeprovisionsofthis
Regulation ,thefollowingquantitiesandqualitiesof
oliveoil:
(a)theunsoldquantityofextravirginoliveoilputup
forsaleunderRegulation (EEC)No1785/76;
(b)thetotalamountoflampanteoliveoilpurchased
byAIMA.
Article2
Particularsofthelotsofoliveoilofferedforsaleand
theplacewheretheyarestoredshallbedisplayedat
thecentralofficeofAIMA,viaPalestro81,Rome,
from22September1976onwards.(')OJNo172,3«.9.1966,p.3025/66.
(■)OJNoL175,29.6.1973,p.5.
(•')OJNoL112,15.5.1968,p.6.

NoL247/12 OfficialJournaloftheEuropeanCommunities 9.9.76
Article35.Noapplicationmaybewithdrawn .
Article6Theminimumsellingpricesshallbeaslaiddownin
theAnnexhereto.Thesepricesarepricesnetoftax
andrelateto100kilogrammesofoliveoildeliveredex
storagedepot,eitherinthepurchaser'sowncontainers
loadedonavehicleprovidedbyhim,orinthe
purchaser'stankvehicle.
Article41.Noapplicationforpurchaseshallbevalidunless
itisaccompanied byasecurityofLit12000per100
kilogrammes .
2.Thesecurityshallbeincashorbywayofa
guaranteeissuedbyacreditinstitutionsatisfyingthe
criterialaiddownbytheMemberStateinwhichitis
situated .
3.Thesecurityshallbereleasedifnosaleismade
tothepartyconcerned .Itshallalsobereleasedwhen
thepurchaserpaysthefinalpriceasreferredtoin
Article11.
Article71.Thesaleoftheoilshalltakeplaceon1October
1976.Anylotsorpartsoflotsnotsoldonthatday
shallbeputupforsaleagainon15and30October
1976.Aftereachsale,theAIMAshalldisplay,atits
centraloffice,detailsofthesale,whichshallincludea
listoflotsorpartsoflotsremainingunsold,andshall
withoutdelayinformaccordinglytheagenciesrespon­
sibleforstorage.
2.Anyinterestedpartymayexamineatthestorage
depottheoilofferedforsaleandmayobtainasample
thereof,incontainerssuppliedbyhimforthat
purpose,onpaymentofapricedeterminedonthe
basisoftheminimumpricelaiddownintheAnnex
hereto.Thissampleshallbeputintotwocontainers,
whichshallbelabelledandsealedinthepresenceof
boththevendorandtheprospectivepurchaserorhis
dulyauthorizedagent.Onecontainershallbegivento
theprospectivepurchaserandtheothertothestorer,
sothat,intheeventthatoilissoldtotheparty
concerned,acheckmaybemadetoensurethatthe
oilappliedforbyhimcorrespondstothatactually
delivered .Theoilineachparticularcontainershallbesoldto
theapplicanthavingmadeavalidapplicationfor
purchaseofferingthehighestprice.
Wherethesamehighestofferismadebymorethan
oneapplicant,thepurchasershallbechosenbylotby
theAIMA.
Article8
Article51.Immediatelyafterthesalehasbeenconcluded,
sealsshallbeplacedinthepresenceofbothparties
uponthecontainerorcontainerstowhichtheapplica­
tionforpurchaserelates.Thecontainerorcontainers
concernedshallremainsealeduntilthewithdrawalof
theoilbythepurchaser.
2.Wheretheoilisofthelampantevariety,an
analysisshallbecarriedoutinthepresenceofboth
partiesbeforetheplacingofthesealsreferredtoin
paragraph 1.Ifthedegreeofacidityofsuchoildoes
notcorrespondtothatreferredtoinpoint2ofthe
Annexhereto,thesellingpriceshallbeadjustedin
accordancewiththesaidAnnex.
Article91.ApplicationsforpurchaseshallreachtheAIMA,
ViaPalestro81,Rome,Italy,notlaterthan2p.m.
(Italiantime)onthedayprecedingthatofthesale.
2.Applicationsforpurchaseshallincludeatleast
thefollowinginformation :
(a)thenameandfullpostaladdressoftheapplicant ;
(b)thecontainernumberornumbers,togetherwith
thecorresponding lotnumberandtheplaceof
storage;
(c)anacknowledgement oftheaccuracyofthequality
descriptionunderwhichtheoilconcernedis
offeredforsale;
(d)theofferpriceper100kilogrammes .
3.Anyapplicationwhichdoesnotofferatleastthe
minimumpricesetforthelotconcernedshallbe
refused.
4.Everyapplicationforpurchaseshallrelatetoall
theoilinatleastonecontainer .1.ThepurchasershallpaytotheAIMA,before
withdrawingtheoilandinanyeventnotlaterthan
thefifteenthdayfollowingthatofsale,theprovisional
amountofthesellingprice.Withoutprejudicetoany
domestictaxesapplicable ,suchamountshallbecalcu­
latedbymultiplyingthequantityindicatedasbeing
containedinthelotbythepriceofferedforthatlot.
2.Iftheprovisionalamountisnotpaidtothe
AIMAwithintheperiodlaiddowninparagraph 1,the
AIMAmay,withoutanyspecialformalityorinnova­
tionoflegalprocess,regardthesaleascancelled.In
thisevent,thesecurityreferredtoinArticle6shallbe
forfeit.

9.9.76 OfficialJournaloftheEuropeanCommunities NoL247/13
Article10 —theprovisionalamount,
—thefinalamountofthesellingprice,plus,where
applicable,thestoragechargeprovidedforin
Article12(b).
Thebalanceshallbepaidwithin30daysfollowing
completionofthewithdrawaloftheoil.1.Thewithdrawaloftheoilbypurchasersmay
beginassoonastheprovisionalamountreferredtoin
Article9(1)hasbeenpaidandshallbecompletednot
laterthanthethirtiethdayfollowingthatofsale.
2.Thequantityofoildeliveredmaydifferfromthe
quantityappliedforbythepurchaser,dependingon
theactualquantityinthecontainersatthetimeof
delivery.Article12
Article11Ifwithdrawaloftheoilisnotcompletedbythedate
laiddowninArticle10(1):
(a)theoilremaininginstorageshallbeheldatthe
purchaser'sownrisk;
(b)thepurchasershallpaytotheAIMAastorage
chargecalculatedonthebasisofthequantitystill
tobewithdrawnattherateofLit1000per100
kilogrammes foreachperiodof30daysofaddi­
tionalstorageorpartthereof.1.Whenthewithdrawaloftheoiliscompleted,
theAIMAshalldrawupaninvoiceforthefinal
amountofthesellingprice.
Withoutprejudicetoanydomestictaxesapplicable,
thefinalamountshallbecalculatedbymultiplying
thequantityactuallywithdrawnbythepriceoffered
forthelotconcerned .
2.Theinvoiceshallshowthedebitorcredit
balance,whichshallbeequaltothedifference
between :Article13
ThisRegulationshallenterintoforceontheday
followingitspublicationintheOfficialJournalof
theEuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,8September1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNI-X
MinimumsellingpricesforoliveoilheldbytheItalianinterventionagency
1.Extra1'virginoliveoil:LitI52000/100kg;
2.Vbaselampanteoliveoil:Lit127000/100kg.
Forlampanteoliveoilwithadifferentdegreeofacidity,thereshallbeanincreaseorreductionofLit
1000/100kgforeachdegreeorfractionofdegreeofaciditymoreorlessthan