1.10.85 OfficialJournaloftheEuropeanCommunities NoL259/33
COMMISSION REGULATION (EEC)No2740/85
of30September1985
fixingtheexportrefundsonoliveoil
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsandfats('),
aslastamendedbyRegulation(EEC)No231/85(2),
HavingregardtoCouncilRegulationNo171/67/EEC
of27June1967onexportrefundsandleviesonolive
oil(3),aslastamendedbyRegulation (EEC)No
2429/72(4),andinparticularthefirstsentenceof
Article7thereof,
HavingregardtotheopinionoftheMonetary
Committee,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefundwhen
oliveoilisexportedtothirdcountries;
Whereasthedetailedrulesforfixingandgranting
exportrefundsonoliveoilarecontainedinRegula­
tionsNo171/67/EECand(EEC)No616/72Q,aslast
amendedbyRegulation(EEC)No2962/77(6);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:
—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilonthe
Communitymarketandpricesforoliveoilonthe
worldmarket,
—theaimsofthecommonorganization ofthe
marketinoliveoilwhicharetoensureequilibriumandthenaturaldevelopmentofpricesandtradeon
thismarket,
—theneedtoavoiddisturbancesontheCommunity
market,and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—theoliveoilpricesinthemainproducingareasof
theCommunity ,
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountries,and
—themarketingcostsandthemostfavourabletrans­
portchargesfromCommunitymarketsinthe
mainproducingareastoportsorotherpointsof
exportintheCommunity ,aswellascostsincurred
inplacingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitu­
ationorthespecificrequirements ofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinoliveoiland
inparticulartooliveoilpriceswithintheCommunity
andonthemarketsofthirdcountriesthattherefund
shouldbeassetoutintheAnnexhereto;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2,25%,arateofexchangebasedon
theircentralrate,multipliedbythecoefficient
providedforinArticle2b(2)ofRegulation(EEC)
No974/710,aslastamendedbyRegulation(EEC)
No855/84(«),(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL26,31.1.1985,p.12.
(3)OJNo130,28.6.1967,p.2600/67.
(4)OJNoL264,23.11.1972,p.1.
OOJNoL78,31.3.1972,p.1.
(6)OJNoL348,30.12.1977,p.53.OOJNoL106,12.5.1971,p.1.
(8)OJNoL90,1.4.1984,p.1.

NoL259/34 OfficialJournaloftheEuropeanCommunities1.10.85
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent,andtheaforesaidcoeffi­
cient;HASADOPTED THISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1
(2)(c)ofRegulationNo136/66/EECshallbeassetout
intheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1October
1985.WhereastheManagementCommitteeforOilsand
Fatshasnotdeliveredanopinionwithinthetime
limitsetbyitschairman,
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30September1985.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommission Regulationof30September1985fixingtheexportrefundson
oliveoil
(ECU/100kg) IRefund
CCTheadingNo DescriptionAlldestinations
exceptLibyaLibya
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:\
I
(a)Untreated :
Virginoliveoil:IlInimmediatepackingsofanetcapacityof5kgorless,fordestina­
tionsmentionedinArticle5ofCommissionRegulation(EEC)No
2730/79('),aswellasonexporttothirdcountries 67,00 67,00
IIOther:l
(*)Obtainedbyprocessingoilsfallingwithinsubheading 15.07AIa)or
15.07AIb),whetherornotblendedwithvirginoliveoil:I
Inimmediatepackingsofanetcapacityof5kgorless,fordestina
tionsmentionedinArticle5ofCommissionRegulation(EEC)No
2730/79('),aswellasonexporttothirdcountries 80,00 90,00
(')OJNoL317,12.12.1979,p.1.