NoL168/28 OfficialJournaloftheEuropeanCommunities1.7.88
COMMISSION REGULATION (EEC)No1876/88
of30June1988
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
/THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
marketinrice('),aslastamendedbyRegulation(EEC)
No3990/87(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,dance*withArticle3(2)ofCouncilRegulation(EEC)No
1428/76(*),basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedonthe
basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/87Q,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbpassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,HavingregardtotheopinionoftheMonetaryCommittee,
WhereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceishiade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamendedby
Regulation(EEC)No1397/68(4),laysdowndetailedrules
fortheadvancefixingoftheexportrefundonriceand
brokenrice:
HASADOPTEDTHISREGULATION :
WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethan0,30
ECUpertonne;whereasontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
than0,30ECUpertonne;Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccor­Article2
ThisRegulationshallenterintoforceon1July1988.
')OJNoL166,25.6.1976,p.1.0OJNoL377,31.12.1987,p.15.
(3)OJNo204,24.8.1967,p.20/6.0OJNoL166,25.6.1976,p.30.
(4)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1. (4)OJNoL222,10.9.1968,p.6.

OfficialJournaloftheEuropeanCommunities NoL168/29l.7.88
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30June1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof30June1988fixingthecorrectiveamountapplicableto
therefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
71stperiod
82ndperiod
93rdperiod
10
10062010000 — — — — .
10062090000 0 0 0 0
10063011000 — ——.—
10063019000 — — — —
10063091000 —— ,— —
10063099100 0 0 0 0
10063099900 0 0 0 0
10064000000 — — — —
N.B.:TheproductcodesandthefootnotesaredefinedinRegulation(EEC)No3846/87asamended.