30.10.76 OfficialJournaloftheEuropeanCommunities NoL300/61
COMMISSION REGULATION (EEC)No2662/76
of29October1976
ontheputtingupforsaleofoliveoilheldbytheItalianinterventionagency
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganization ofthemarketinoilsand
fatsI1),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
heldbyinterventionagencies(3)laiddownthecondi­
tionsforthesalebytenderontheCommunitymarket
ofoilheldbyinterventionagencies;whereasthe
procedurelaiddownthereininvolvestimelimits
whichareincompatiblewiththeneedtoofferthesaid
oilforsaleasquicklyaspossible;
Whereas,moreover,experiencehasshownthatthe
saidprocedureinvolvesdeliveryperiodswhichare
incompatible withcommercialpracticesandrequire­
ments;whereasspecialmeasuresshouldthereforebe
laiddowntocounteractthosedrawbacks ;whereasthis
maybeachievedbyprovidingforthesaleoftheoilto
thepurchaserwho,subjecttoaminimumprice,
makesthehighestoffer;
WhereasArticle11(3)ofRegulationNo136/66/EEC
specifiesthetermsonwhichoilboughtinbythe
intervention agenciesmustbeofferedforsale;
whereas,inordertoensureobservanceofthoseterms,
minimumsellingpricesshouldbefixedatthelevels
shownintheAnnexhereto;
Whereasinordertoensurethatthesellingoperations
areproperlycarriedout,certaininformationshouldbe
providedintheapplicationforpurchase,inparticularasregardstheexactdefinitionoftheproducttowhich
itrelates;
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
Whereasthereisaconsiderable imbalancebetween
supplyanddemandontheCommunitymarketin
oliveoil;whereas,inordertoalleviatethesediffi­
culties,theoilsoldbytheItalianinterventionagency
shouldbeplacedonthemarketinthenearfuture;
Whereas,inordertoensureafairdistributionamong
thevariouspurchasersofthequantitiesputupfor
sale,itisnecessarytolaydownforeachquality,the
maximumquantitieswhichmaybeallocatedtoeach
tenderer;
WhereasCommission 1Regulation (EEC)No2197/76
of8September 1976(4),aslastamendedbyRegula­
tion(EEC)No2489/76(5),providedforaseriesof
salesoftheoliveoilheldbytheItalianintervention
agency;whereasthelastsale,scheduledfor30
October1976,willrelatetoaverysmallquantity;
whereas,consequently ,pendingthecommencement
ofthesellingoperationsprovidedforinthisRegula­
tion,thesalescheduledfor30October1976should
becancelled ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,
(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
POJNoL112,15.5.1968,p.6.(4)OJNoL247,9.9.1976,p.11.
(5)OJNoL283,14.10.1976,p.11.

NoL300/62 OfficialJournaloftheEuropeanCommunities 30.10.76
concerned,acheckmaybemadetoensurethatthe
oilappliedforbyhimcorrespondstothatactually
delivered.HASADOPTEDTHISREGULATION :
Article1
Article5 TheItalianinterventionagency,AziendadiStatoper
gliinterventinelmercatoagricolo',hereinafter
referredtoas'AIMA',shallofferforsale,outofthe
interventionpurchasesofthe1975/76oilmarketing
year,andinaccordancewiththeprovisionsofthis
Regulation,thefollowingquantitiesandqualitiesof
oliveoil:
(a)approximately 10000metrictonsofextravirgin
oliveoil;
(b)approximately 3600metrictonsoffinevirgin
oliveoil;
(c)approximately 4000metrictonsoflampanteolive
oil;
(d)approximately 12400metrictonsofolive-residue
oil.
Article21.ApplicationsforpurchaseshallreachAIMA,Via
Palestro81,Rome,Italy,notlaterthan2p.m.(Italian
time)onthedayprecedingthatofthesale.
2.Applicationsforpurchaseshallincludeatleast
thefollowing :
(a)thenameandfullpostaladdressoftheapplicant;
(b)thecontainernumberornumbers,togetherwith
thecorresponding lotnumberandtheplaceof
storage;
(c)anacknowledgement oftheaccuracyofthequality
descriptionunderwhichtheoilconcernedis
offeredforsale;
(d)theofferpriceper100kilogrammes ;
(e)anundertakingtomakevanyquantitiesawarded
availabletotheretailtradewithinnotmorethan:
—onemonthfollowingwithdrawalofthe
product,inthecaseofextravirginandfine
oliveoil;
—twomonthsfollowingwithdrawalofthe
product,inthecaseoflampanteoliveoiland
olive-residue oil.
3.Anyapplicationwhichdoesnotofferatleastthe
minimumpricesetfortheproductconcernedshallbe
refused.
4.Everyapplicationforpurchaseshallrelatetoall
theoilinatleastonecontainer .
5.Noapplicationmaybewithdrawn .Particularsofthelotsofoliveoilofferedforsaleand
theplacewheretheyarestoredshallbedisplayedat
thecentralofficeofAIMA,ViaPalestro81,Rome,
Italy.Particularsofthelotscovered:
—bythefirstsaleprovidedforinArticle4,shallbe
displayedfrom3November1976onwards;
—bythesecondsaleprovidedforinArticle4,shall
bedisplayedfrom11November1976onwards.
Article3
Theminimumsellingpricesshallbeaslaiddownin
theAnnexhereto.Thesepricesarenetoftaxand
relateto100kilogrammes ofoliveoildeliveredex
storagedepot,eitherinthepurchaser'sowndrums
loadedonavehicleprovidedbyhimorinthe
purchaser'stankvehicle.Article6
Article41.Noapplicationforpurchaseshallbevalidunless
itisaccompaniedbyasecurityofLit12000per100
kilogrammes .
2.Thesecurityshallbeincashorbywayofa
guaranteeissuedbyacredit-institutionsatisfyingthe
criterialaiddownbytheMemberStateinwhichitis
situated.
3.Thesecurityshallbereleasedifnosaleismade
tothepartyconcerned.Itshallalsobereleasedwhen
thepurchaserpaysthefinalpriceasreferredtoin
Article12andshowsthecompetentauthoritiesthat
hehasfulfilledtheundertakinglaiddowninArticle5
(2)(e).1.Thefirstsaleofapproximately 18000metric
tonsofoilshalltakeplaceon9November1976.Any
quantitiesnotputupforsaleorsoldon9November
shallbeputupforsaleon24November1976.After
eachsale,AIMAshallimmediatelysupplythose
responsibleforstoragewithalistofthelotsorparts
oflotsremainingunjold.
2.Prospectivepurchasersmayexamineatthe
storagedepottheoilofferedforsaleandmayobtaina
samplethereof,incontainerssuppliedbythemfor
thatpurpose,onpaymentofapricedeterminedon
thebasisoftheminimumpriceslaiddowninthe
Annexhereto.Thissampleshallbeputintotwo
labelledbottleswhichshallbesealedinthepresence
ofboththevendorandtheprospectivepurchaseror
hisdulyauthorizedagent.Onebottleshallbegivento
theprospectivepurchaserandtheothertothestorer,
sothat,intheeventthatoilissoldtothepartyArticle7
ThecompetentauthoritiesoftheMemberState
concernedshalltakethenecessarymeasuresto
monitorfulfilmentoftheundertakinglaiddownin
Article5(2)(e).

30.10.76 OfficialJournaloftheEuropeanCommunities NoL300/63
Article8 2.IftheprovisionalamountisnotpaidtoAIMA
withintheperiodlaiddowninparagraph 1,AIMA
may,withoutanyspecialformalityorinvocationof
legalprocess,regardthesaleascancelled.Inthis
event,thesecurityreferredtoinArticle6shallbe
forfeit.
Article11
1.Withdrawaloftheoilbypurchasersmaybegin
assoonastheprovisionalamountreferredtoin
Article10(1)hasbeenpaidandshallbecompleted
notlaterthanthe30thdayfollowingthatofsale.
2.Thequantityofoildeliveredmaydifferfromthe
quantityappliedforbythepurchaser,dependingon
theactualquantityinthecontainersatthetimeof
delivery.1.Theoilineachparticularcontainershallbesold
totheapplicanthavingmadeavalidapplicationfor
purchaseofferingthehighestprice.Wherethesame
highestofferismadebymorethanoneapplicant,the
purchasershallbechosenbylotbyAIMA.
2.However,ifthetotalquantityforwhicha
tendererhasofferedthehighestpriceexceeds
—150metrictons,inthecaseofextraorfineoil,
—500metrictons,inthecaseoflampanteoil,
—*1000metrictons,inthecaseofolive-residue oil,
acontractshallbeawardedtothattendereronlyin
respectofthecontainerorcontainersthetotal
contentsofwhichdonotexceed,foreachquality,the
limitasabove.
Contractsforthequantitiesexceedingtheselimits
shallbeawardedtotheothertenderers,indescending
orderoftenderandsubjecttothesaidlimits.
3.Whendeterminingthecontainerorcontainers
inrespectofwhichnocontractcanbeawarded
pursuanttotheprecedingparagraph,theItalianinter­
ventionagencyshallchoose:
(a)thecontainerorcontainerswhichhavethelowest
quantity;
(b)wherecontainershaveidenticalquantities,the
containerorcontainersforwhichthetendererhas
offeredthelowestprice.However,ifcertainofthe
containersinquestionarethesubjectofother
orders,theseshallnotbeawardedtothetenderer
concerned .Article12
1.Whenthewithdrawaloftheoiliscomplete,
AIMAshalldrawupaninvoiceforthefinalamount
ofthesellingprice.
Withoutprejudicetoanydomestictaxesapplicable,
thefinalamountshallbecalculatedbymultiplying
thequantityactuallywithdrawnbythepriceoffered
forthelotconcerned .
2.Theinvoiceshallshowthedebitorcredit
balance,whichshallbeequaltothedifference
between :
—theprovisionalamount,
Article9—thefinalamountofthesellingpriceplusany
storagechargepayablepursuanttoArticle13(b).
Thebalanceshallbepaidwithin30daysfollowing
completionofthewithdrawaloftheoil.
Article131.Immediatelyafterthesalehasbeenconcluded,
sealsshallbeplacedinthepresenceofbothparties
uponthecontainerorcontainerstowhichtheapplica­
tionforpurchaserelates.Thecontainerorcontainers
concernedshallremainsealeduntilthewithdrawalof
theoilbythepurchaser.
2.Wheretheoilisofthelampantevariety,an
analysisshallbecarriedoutinthepresenceofboth
partiesbeforetheplacingofthesealsreferredtoin
paragraph 1.Ifthedegreeofacidityofsuchoildoes
notcorrespondtothatspecifiedinpoint3ofthe
Annexhereto,thesellingpriceshallbeadjustedin
accordancewiththesaidAnnex.Ifwithdrawaloftheoilisnotcompletedbythedate
laiddowninArticle10(1):
(a)theoilremaininginstorageshallbeheldatthe
purchaser'sownrisk;
(b)thepurchasershallpaytoAIMAastoragecharge
calculatedonthebasisofthequantitystilltobe
withdrawnattherateofLit1000per100kilo­
grammesforeachperiodof30daysofadditional
storageorpartthereof.
Article10 Article14
Regulation (EEC)No2197/76isherebyrepealed.
Article15
ThisRegulationshallenterintoforceontheday
followingitspublicationintheOfficialJournalof
theEuropeanCommunities .1.ThepurchasershallpaytoAIMA,beforewith­
drawingtheoilandinanyeventnotlaterthanthe
15thdayfollowingthatofsale,theprovisional
amountofthesellingprice.Withoutprejudicetoany
domestictaxesapplicable,suchamountshallbecalcu­
latedbymultiplyingthequantityindicatedasbeing
containedinthelotbythepriceofferedforthatlot.

NoL300/64 OfficialJournaloftheEuropeanCommunities 30.10.76
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29October1976.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
MinimumsellingpricesforoliveoilheldbytheItalianinterventionagency
1.Extra1virginoliveoil:Lit152000per100kg.
2.Fine1*5virginoliveoil:Lit144000per100kg.
3.3°lampanteoliveoil:Lit129000per100kg.
4.5olive-residueoil:Lit92000per100kg.
5.Inthecaseoflampanteoliveoilwithadifferentdegreeofacidity,thereshallbeaddedor
deductedasthecasemaybeLit1000per100kgforeachdegreeofacidityorfractionthereofless
ormorethan3°.
6.Inthecaseofolive-residueoilwithadifferentdegreeofacidity,theseshallbeaddedordeducted
asthecasemaybeLit900per100kgforeachdegreeofacidityoffractionthereoflessormore
than5°.