13.8.77 OfficialJournaloftheEuropeanCommunities NoL207/37
COMMISSION REGULATION (EEC)No1862/77
of12August1977
ontheputtingupforsaleofoliveoilheldbytheItalianinterventionagency
Article2
Theinvitationtotendershallbepublishedon20
August1977.Particularsofthelotsofoilofferedfor
saleandtheplacewheretheyarestoredshallbe
displayedatthecentralofficeofAIMA,ViaPalestro
81,Rome,Italy.
Article3
Theminimumsellingpriceshallbeaslaiddownin
theAnnexhereto.THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganization ofthemarketinoilsand
fats(1),aslastamendedbyRegulation (EEC)No
1707/73(2),andinparticularArticle11(5)thereof,
Whereas,pursuanttoArticle11(1)ofRegulationNo
136/66/EEC,theItalianinterventionagencybought
inlargequantitiesofoliveoilduringthe1975/76
marketingyear;
WhereasCommissionRegulation(EEC)No1226/77
of8June1977layingdownrulesforthesaleofolive
oilheldbytheinterventionagencies(3),laiddownthe
conditionsforthesalebytenderontheCommunity
marketofoliveoil;whereasthestateoftheItalian
marketinoliveoilisatpresentfavourableforthe
resaleofthesaidoil;whereas,inviewofthestateof
themarket,atendershouldbeorganized;
Whereas,inordertoavoidtheriskofdisturbingthe
market,themaximumquantitywhichmaybe
awardedtoasingleparticipantinthetendershould
belimited;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,Article4
TendersshallreachAIMA,ViaPalestro81,Rome,
Italy,notlaterthan2p.m.(Italiantime)on8
September1977.
Article5
TheoliveoilshallbesoldbyAIMAon9and10
September1977.AIMAshallsupplytheagencies
responsibleforstoragewithalistofthelots
remainingunsold.
Article6
Thesecurityshallbe:
—Lit13000per100kilogramsforextravirginolive
oil,HASADOPTED THISREGULATION :
Article1
—Lit11000per100kilogramsforordinaryvirgin
oliveoil,
—Lit10000per100kilogramsforlampantevirgin
oliveoil,
—Lit8000per100kilogramsforolive-residueoil.TheItalianinterventionagencyAziendadiStatoper
gliinterventinelmercatoagricolo',hereinafter
referredtoas'AIMA',shallputupforsalebytender
inaccordancewiththeprovisionsofthisRegulation
andofRegulation (EEC)No1226/77:
—5000tonnesofextravirginoliveoil,
—2000tonnesofordinaryvirginoliveoil,
—3000tonnesoflampantevirginoliveoil,Article7
—10000tonnesofolive-residue oil,
outofinterventionpurchasesmadeduringthe
1975/76oliveoilmarketingyear.However,wherethetotalquantityinrespectofwhich
atendererhasofferedthehighestpriceexceeds:
—500tonnesinthecaseofextravirginoliveoil,
—600tonnesinthecaseofordinaryvirginoliveoil,
—1000tonnesinthecaseoflampantevirginolive
oil,or(!)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL175,29.6.1973,p.5.
(J)OJNoL141,9.6.1977,p.20.

NoL207/38 OfficialJournaloftheEuropeanCommunities 13.8.77
Article8
ThestoragechargeshallbeLit1000per100kilo­
grams.—1500tonnesinthecaseofolive-residue oil,
thecontractshallbeawardedtothattendereronlyin
respectofthelotorlotsthetotalcontentsofwhich
donotexceedthesaidlimit.
Contractsforthequantitiesinexcessofthatlimit
shallbeawardedtotheothertenderers,indescending
orderoftenderpriceandsubjecttothesaidlimit.
Whendeterminingthelotorlotstobeexcludedfrom
aparticularawardundertheprecedingparagraph,the
Italianinterventionagencyshallchoosethelotorlots
forwhichthetendererhasofferedthelowestprice.Article9
ThisRegulationshallenterintoforceonthedayofits
publicationintheOfficialJournaloftheEuropean
Communities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,12August1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
MinimumsellingpriceforoliveoilheldbytheItalianinterventionagency
1.Extravirginoliveoil,1°:Lit157000per100kilograms.
2.Ordinaryvirginoliveoil:Lit141000per100kilograms .
3.Lampantevirginoliveoil,5°:Lit132000per100kilograms .
4.15°olive-residueoil:Lit86500per100kilograms .
Inthecaseoflampantevirginoliveoilandolive-residueoilwithadifferentdegreeofacidity,there
shallbeaddedordeductedasthecasemaybeLit1000per100kilogramsforeachdegreeofacidity
orfractionthereoflessormorethan5°and15°.