28.2.81 OfficialJournaloftheEuropeanCommunities NoL54/21
COMMISSION REGULATION (EEC)No515/81
of27February1981
fixingtheexportrefundsonoliveoil
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—theoliveoilpricesinthemainproducingareasof
theCommunity ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountries;
andTHECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EEC
of22September1966ontheestablishment ofa
commonorganizationofthemarketinoilsand
fats(1),aslastamendedbyRegulation (EEC)No
3454/80(2),
HavingregardtoCouncilRegulationNo171/67/EEC
•of27June1967onexportrefundsandleviesonolive
oil(3),aslastamendedbyRegulation (EEC)No
2429/72(4),andinparticularthefirstsentenceof
Article7thereof,
HavingregardtotheopinionoftheMonetary
Committee ,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
Whereasthedetailedrulesforfixingandgranting
exportrefundsonoliveoilarecontainedinRegula­
tionsNo171/67/EECand(EEC)No616/72(5),aslast
amendedbyRegulation(EEC)No2962/77(6);
WhereasArticle2ofRegulationNo171/67/EEC
providesthattherefundmustbethesameforthe
wholeCommunity ;
WhereasArticle3ofRegulationNo171/67/EEC
providesthatwhentherefundonoliveoilisbeing
fixedaccountmustbetakenof:
—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoilon
theworldmarket;
—theaimsofthecommonorganizationofthe
marketinoliveoilwhicharetoensure'equili­
briumandthenaturaldevelopmentofpricesand
tradeonthismarket;
—theneedtoavoiddisturbancesontheCommunity
market:and—themarketingcostsandthemostfavourabletrans­
portchargesfromCommunitymarketsinthe
mainproducingareastoportsorotherpointsof
exportintheCommunity ,aswellascostsincurred
inplacingthegoodsontheworldmarket;
WhereasArticle5ofRegulationNo171/67/EEC
providesthattherefundonoliveoilmaybevaried
accordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirements ofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EEC
providesthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod; ,
Whereasitfollowsfromapplyingthesedetailedrules
tothepresentsituationonthemarketinoliveoiland
inparticulartooliveoilpriceswithintheCommunity
andonthemarketsofthirdcountriesthattherefund
shouldbeassetoutintheAnnexhereto;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedin
relationtoeachotheratanygivenmomentwithin
abandof2-25%,arateofexchangebasedon
theireffectiveparity;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiodin
relationtotheCommunitycurrenciesreferredto
inthepreviousindent;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,(•)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL360;31.12.1980,p.16.
(3)OJNo130,28.6.1967,p.2600/67.
(«)OJNoL264.,23.11.1972,p.1.
(5)OJNoL78,31.3.1972,p.1.
(0)OJNoL348,30.12.1977,p.53.

NoL54/22 OfficialJournaloftheEuropeanCommunities 28.2.81
HASADOPTEDTHISREGULATION : Article2
Article1
TheexportrefundsontheproductslistedinArticle1
(2)(c)ofRegulationNo136/66/EEC,shallbeassetThisRegulationshallenterintoforceon1March
outintheAnnexhereto. 1981.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,27February1981.
FortheCommission
PoulDALSAGER
MemberoftheCommission
ANNEX
totheCommissionRegulationof27February1981fixingtheexportrefundsonoliveoil
-(ECU/100kg)
CCTheadingNo Description Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:.
I Untreated :
(a)Virginoliveoil
and
IIOther:
(a)Obtainedbyprocessingoilsfallingwithinsubheading15.07AIa)or15.07AIb),
whetherornotblendedwithvirginoliveoil:
Inimmediatepackingsofanetcapacityof5kgorless,fordestinationsmentionedin
Article5ofCommissionRegulation (EEC)No2730/79('),aswellasonexportto
thirdcountries 2000
(>)OJNoL317,.12.12.1979,p.1.