30.7.77 OfficialJournaloftheEuropeanCommunities NoL191/33
COMMISSION REGULATION (EEC)No1739/77
of29July1977
fixingtheexportrefundsonoliveoil
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsand
fats('),aslastamendedbyRegulation (EEC)No
1707/73(2),
HavingregardtoCouncilRegulationNo162/66/EEC
of27October1966ontradeinoilsandfatsbetween
theCommunityandGreece(3),
HavingregardtoCouncilRegulationNo171/67/EEC
of27June1967onexportrefundsandleviesonolive
oil(4),aslastamendedbyRegulation (EEC)No
2429/72(5),andinparticularthefirstsentenceof
Article7thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle18ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
WhereasArticle8ofRegulationNo162/66/EEC
providesthatArticle18ofRegulationNo136/
66/EECandthemeasurestakeninapplicationthereof
apply,subjecttotheprovisionsoftheAgreementesta­
blishinganAssociationbetweentheEuropean
EconomicCommunityandGreece,totradebetween
theCommunityandGreece;
Whereastherulesandotherprovisionsforfixingand
grantingexportrefundsonoliveoilarecontainedin
RegulationsNo171/67/EECand(EEC)No616/72(6),
aslastamendedbyRegulation(EEC)No231/77(7);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoilon
theworldmarket;
—theaimsofthecommonorganizationofthe
marketinoliveoilwhicharetoensureequili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;
—theneedtoavoiddisturbancesontheCommunity
market;and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—oliveoilpricesinthemainproducingareasofthe
Community ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;and
—marketingcostsandthemostfavourabletransport
chargesfromCommunitymarketsinthemain
producingareastoportsorotherpointsofexport
intheCommunity ,aswellascostsincurredin
placingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirements ofcertainmarkets
makethisnecessary ;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingtheserulesand
otherprovisionstothepresentsituationonthe
marketinoliveoilandinparticulartooliveoilprices
withintheCommunityandonthemarketsofthird
countriesandGreecethattherefundshouldbefixed
attheamountsshownintheAnnextothisRegula­
tion;(•)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(3)OJNo197,29.10.1966,p.3393/66.
(4)OJNo130,28.6.1967,p.2600/67.
5)OJNoL264,23.11.1972,p.1.
(6)OJNoL78,31.3.1972,p.1.
(7)OJNoL31,3.2.1977,p.14.

NoL191/34 OfficialJournaloftheEuropeanCommunities 30.7.77
HASADOPTEDTHISREGULATION :
Article1
TherefundsontheproductslistedinArticle1(2)(c)
ofRegulationNo136/66/EEC,exportedtothirdcoun­
triesandGreece,areherebyfixedasshowninthe
AnnextothisRegulation .Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25%,arateofexchangebased
ontheireffectiveparity;
—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,Article2
ThisRegulationshallenterintoforceon1August
1977.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29July1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
Refundsapplicabletooliveoilfrom1August1977
(u.a./100kg)
CCTheadingNo Descriptionofgoods Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:
I Untreated :
(a)Virginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless:
—destinationsmentionedinArticle3ofCommissionRegulation (EEC)No
192/750aswellasonexporttoEuropeanthirdcountriesexcludingGreeceand
thirdcountriesontheMediterranean 400
—onexporttootherthirdcountriesexcludingGreece,Europeanthirdcountriesand
thirdcountriesontheMediterranean 7-00
II Other:
(a)Obtainedbyprocessingoilsfallingwithinsubheading15.07AIa)or15.07AIb),
whetherornotblendedwithvirginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless:
—destinationsmentionedinArticle3ofCommission Regulation (EEC)No
192/750aswellasonexporttoEuropeanthirdcountriesexcludingGreeceand
thirdcountriesontheMediterranen 400
—onexporttootherthirdcountriesexcludingGreece,Europeanthirdcountriesand
thirdcountriesontheMediterranean 700
(')OJNoL2.S,17.1.197S,p.1.