NoL265/12 OfficialJournaloftheEuropeanCommunities 14.10.75
REGULATION (EEC)No2599/75OFTHECOMMISSION
of13October1975
providingforthegrantingofpremiumsfortheprivatestorageofoliveoil
Whereasstorageandinterestcostsareincludedboth
inthepremiumforprivatestorageandintheamount
ofthemonthlyincreasewhichisappliedtotheinter­
ventionprice;whereas,inordertoavoidadouble
paymentofthesecosts,provisionshouldbemadefor
holderswhopresenttheoilforinterventiontorepay,
uptotheamountofthequantitystored,suchpartof
thepremiumascorrespondstothesaidcosts;
Whereasinordertotakeintoaccounttradepractices,
allowanceshouldbemadeforcertainmarginsofvaria­
tionintheagreedamount;
Whereas,toensurethatthequalityofcertainoilsin
storagedoesnotdeteriorate,powershouldbegivento
renewthestockduringtheperiodofvalidityofthe
contract ;
Whereasuniformprovisionsshouldbelaiddownfor
paymentofthepremium;
WhereastogivetheCommissionanoverallviewof
theeffectsofthegrantingofpremiumsforprivate
storageMemberStatesshouldtransmitthenecessary
information ;
WhereastheManagementCommitteeforOilsand
Fatshasnotdeliveredanopinionwithinthetime
limitsetbyitsChairman,THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ;
HavingregardtoCouncilRegulationNo136/
66/EEC(')of22September1966ontheestablish­
mentofacommonorganizationofthemarketinoils
andfats,aslastamendedbyRegulation (EEC)No
1707/73(2),andinparticularArticle11(5)thereof;
HavingregardtoCouncilRegulation (EEC)No
1471/68(3)of24September1968onstoragecontracts
foroliveoil,andinparticularArticle1thereof;
Whereasdifficulties havebeenencountered in
marketingcertainqualitiesofoliveoil;whereasinthe
lastfewweeksthepricelevelsofsuchoilhave
droppedconsiderably ;whereasthisdownwardmove­
mentislikelytocontinuebearinginmindtheforesee­
abletrendofdemandinthenextfewmonths;
Whereasinthesecircumstances premiumsshouldbe
grantedfortheprivatestorageofsuchoilinaccor­
dancewiththeprovisionsofRegulation (EEC)No
1471/68;whereas,inviewoftheforeseeablemarket
trendduringthenextfewmonths,stepsshouldbe
takentoensurethatoilfromthenewharvestisnot
madethesubjectofstoragecontracts;whereasthere­
foretheopportunitytoconcludecontractsattheend
ofthepresentmarketingyearshouldberestricted;
Whereas,inordertoensurethatthepurposefor
whichpremiumsaregrantedisachieved,onlythose
holdersofoliveoilshouldbeinvolvedwho,because
oftheirpreviousactivitiesandexperienceinthetrade,
canensurethatstoragewillbecarriedoutinasatisfac­
torymannerandwhohaveaccesstoadequatefacili­
ties;
Whereastheabovementioned imbalanceislikelyto
continuebeyondthestartofthenewmarketingyear;
whereasinthesecircumstances provisionshouldbe
madeforcontractstohaveavalidityof90daysandbe
renewableforafurther90days;
Whereasinordertoimprovetheeffectivenessofthe
systemofpremiums,contractsshouldbeconcludedin
aformwhichissufficientlyprecisetoallowforthe
identification oftheproductconcernedandforthe
effectiveinspectionofstorageoperations ;HASADOPTED THISREGULATION :
Article1
Onthebasisofapplicationstobemadebefore1
November1975,theintervention agenciesof
producerMemberStatesshallconcludestorage
contractswithholdersofoliveoilinaccordancewith
thefollowingconditions .
Article2
Contractsshallbeconcludedwithnaturalorlegal
personswho:
(a)areengagedinanactivityintheoliveoilsector
andaredulyenteredinthepublicregisterofa
producerMemberState;however,iftheholderof
oliveoilisanagriculturalproducernotenteredin
apublicregister,hemustfurnishadocument
provingthathehassubmittedarequestforaidfor
theoliveoilforthe1974/75marketingyear;(')OJNo172,30.9.1-966,p.3025/66.
(-)OJNoL175,29.6.1973,p.5.
(3)OJNoL234,25.9.1968,p.1.

14.10.75 OfficialJournaloftheEuropeanCommunities NoL265/13
(b)haveaccess,withaviewtostorage,tothequalities
ofoliveoilreferredtoinArticle3andtosuitable
facilitiestherefor;
(c)areinpossession,atthedateoftheapplicationfor
thestoragecontract,ofthequantityofoilin
respectofwhichtheapplicationismade.
Article3
Onlyextra,fine,andordinaryvirginoliveoilwhich
canbeshowntohavebeenproducedintheCommu­
nityduringthe1974/75oliveoilmarketingyearshall
bethesubjectofcontracts.
Article4
1.Thecontractshallbeconcludedforaperiod,of
90days.
2.Thecontractreferredtoinparagraph 1shallbe
automatically renewedforafurtherperiodof90days
if,beforethefirstperiodhasexpired,theperson
concerneddoesnotrequesttheinterventionagencyto
terminatethecontract.
Article5
1.Thecontractshallinparticularcontainthe
followinginformation :
(a)thenameandfirstnamesortradenameofthe
holder;4.Provisionshallbemadeinthecontractfor
holders,after1November1975,tobeabletoreplace
theoilfromthe1974/75marketingyearwitholiveoil
ofequivalentquantityandqualityfromthenew
harvest.
5.ForthepurposeofthisRegulation,alotshall
meanafixedquantityofoliveoilwhichconformsto
oneofthequalitiesreferredtoinArticle3.
Article6
1.Nostoragecontractshallbeconcludedin
respectofaquantitytobestoredinoneplaceofless
than5metrictonsnetforoliveoilofallthequalities
referredtoinArticle3.
2.Thedateofcommencement ofthecontractshall
bethatofthereceiptbytheinterventionagencyof
theapplicationforthestoragecontract.
Article7
1.Theamountofthepremiumshallbefixedat5-5
unitsofaccountper100kilogrammesforthefirst90
daysperiod.Ifthecontractisrenewedthepremium
tobepaidforthefollowing90daysshallbeincreased
to6-5unitsofaccountper100kilogrammes .
2.Theamountofthepremiumshallbecalculated
onthebasisofthenetweightonthedateof
commencement ofthecontract.
Article8
SubjecttotheprovisionsofArticle9,thepremium
shallonlybepaidwhenalltheobligationsofthe
contracthavebeensatisfied.
Thepremiumshallbepaid,afterinspectiontoensure
thatthesaidobligationshavebeensatisfied,within
eightweeksoftheexpiryofthecontract.
Article9
1.Saveincaseofforcemajeure,iftheholderdoes
notsatisfytheobligationsimposedonhimbythe
contract,thepremiumshallnotbepaid.
2.Incaseofforcemajeure,thecompetent
authorityoftheproducerMemberStateshall
determinethemeasureswhichitconsidersnecessary
inthelightofthecircumstances invoked.Such
measuresmayincludeinparticularpaymentofthe
premiumdueinproportiontothequantitiesstored
andtotheactualdurationofthestorage.
3.TheMemberStateresponsiblefortheagency
referredtoinparagraph2shallinformtheCommis­
sionofanyapplicationofthisarticleandtheCommis­
sionshallinformtheotherMemberStatesthereof.(b)hisfui)postaladdress;
(c)thenameandaddressoftheinterventionagency;
(d)theexactaddressoftheplaceofstorage;
(e)thenumberoflots,thenetweightandthequality
ofeachonecoveredbythecontract;
(f)theagreementoftheowneroftheoilplacedin
storageiftheholderoftheoilisnothimselfthe
owner;
(g)thedateofcommencement ofthecontract;
(h)theamountofthepremium.
2.Thetermsofthecontractshallobligetheholder
to:
(a)keepinstoreduringthestipulatedperiodthe
agreedquantityoftheproductconcerned,any
consequentlosstobebornebytheholder;
(b)storeoilsofdifferentqualitiesinseparateandiden­
tifiabletanks;
(c)allowatalltimestheinterventionagencytocheck
thattheobligationslaiddowninthecontractare
beingobserved;
3.Theobligationtorespectthequantityindicated
inthecontractshallbedeemedtohavebeensatisfied
ifatleast98%ofsuchquantityhasbeenkeptin
storage.

NoL265/14 OfficialJournaloftheEuropeanCommunities 14.10.75
Article10
1.Theholdersofoliveoilwho:
—haveconcludedastoragecontract,andwho
—present,aftertheexpirationofthesaidcontract,
theoliveoilforinterventionduringthe1975/76
marketingyear,
shallrepaytotheinterventionagency,inrespectofa
quantityofoilfuptoamaximumequaltothequantity
whichwasthesubjectofthecontract,anamount
equaltothedifferencebetweentheinterventionprice
validonthedayfollowingtheexpirydateofthe
contractandthatvalidon1November1975.
2.Theprovisionsofparagraph 1shallnotapplyto
holdersofoilwhopresentforinterventionqualitiesof
oilwhichcannotbethesubjectofprivatestorage
contracts .
Article11
1.TheMemberStatesshalltakeallthemeasures
necessarytoensurethecontrolofthequalityandoriginoftheoilandthefulfilmentoftheobligations
arisingfromthecontract.
2.MemberStatesshalltransmittotheCommission
aspecimenofthecontractasprovidedforin
Article5.
3.MemberStatesshallinformtheCommissionby
telex:
—before20November1975,ofthequantityand
qualityofoliveoilforwhichcontractshavebeen
concluded,
—ofanyvariationsrelatingtothequantitiesofolive
oilstoredandofanychangesconcerningthe
storagecontracts,within15daysofsuchaltera­
tions.
Article12
ThisRegulationshallenterintoforceontheday
followingitspublicationintheOfficialJournalof
theEuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,13October1975.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission