NoL354/12 OfficialJournaloftheEuropeanCommunities 22.12.88
COMMISSION REGULATION (EEC)No3987/88
of21December 1988
fixingtheexportrefundsonwhitesugarandrawsugarexportedinitsunaltered
state
mustapplytotheirsucrosecontentand,accordingly,be
fixedper1%ofthesaidcontent;
Whereastheworldmarketsituationorthespecific
requirementsofcertainmarketsmaymakeitnecessaryto
varytherefundforsugaraccordingtodestination;
Whereas,inspecialcases,theamountoftherefundmay
befixedbyotherlegalinstruments ;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(?),aslastamendedbyRegula­
tion(EEC)No1636/87(9),
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesof'eachof
thesecurrenciesrecordedoveragivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereastherefundmustbefixedeverytwoweeks;
whereasitmaybealteredintheinterveningperiod;
Whereasitfollowsfromapplyingtherulessetoutabove
tothepresentsituationonthemarketinsugarandin
particulartoquotationsorpricesforsugarwithinthe
Communityandontheworldmarketthattherefund
shouldbeassetoutintheAnnexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforSugar,THECOMMISSION OFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1785/81
of30June1981onthecommonorganizationofthe
marketsinthesugarsector('),aslastamendedbyRegula­
tion(EEC)No2306/88(2),andinparticularpoint(a)of
thefirstsubparagraph ofArticle19-(4)thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle19ofRegulation(EEC)No1785/81
providesthatthedifferencebetweenquotationsorprices
ontheworldmarketfortheproductslistedinArticle1
(1)(a)ofthatRegulationandpricesforthoseproducts
WithintheCommunitymaybecoveredbyanexport
refund;
WhereasCouncilRegulation(EEC)No766/68of18June
1968layingdowngeneralrulesforgrantingexport
refundsonsugar(3),aslastamendedbyRegulation(EEC)
No1489/76(4),providesthatwhenrefundsonwhiteand
rawsugar,undenaturedandexportedinitsunalteredstate
arebeingfixedaccountmustbetakenofthesituationon
theCommunityandworldmarketsinsugarandinparti­
cularofthepriceandcostfactorssetoutinArticle3of
thatRegulation ;whereasthesameArticleprovidesthat
theeconomicaspectoftheproposedexportsshouldalso
betakenintoaccount;
Whereastherefundonrawsugarmustbefixedinrespect
ofthestandardquality;whereasthelatterisdefinedin
Article1ofCouncilRegulation(EEC)No431/68of9
April1968determiningthestandardqualityforrawsugar
andfixingtheCommunityfrontiercrossingpointfor
calculatingcifpricesforsugar(*);whereas,furthermore,
thisrefundshouldbefixedinaccordancewithArticle5
(2)ofRegulation(EEC)No766/68;whereascandysugar
isdefinedinCommissionRegulation(EEC)No394/70of
2March1970ondetailedrulesforgrantingexport
refundsonsugar(%aslastamendedbyRegulation(EEC)
No1714/88Q;whereastherefundthuscalculatedfor
sugarcontainingaddedflavouringorcolouringmatterHASADOPTEDTHISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1(1)
(a)ofRegulation(EEC)No1785/81undenaturedand
exportedintheirunalteredstateshallbeassetoutinthe
Annexhereto.
Article2
ThisRegulationshallenterintoforceon22December
1988.(')OJNoL177,1.7.1981,p.4.0OJNoL201,27.7.1988,p.65.
(3)OJNoL143,25.6.1968,p.6.
(4)OJNoL167,26.6.1976,p.13.0OJNoL89,10.4.1968,p.3.
(«)OJNoL50,4.3.1970,p.1. (8)OJNoL164,24.6.1985,p.1.
(')OJNoL153,13.6.1987,p.1. 0OJNoL152,18.6.1988,p.23.

22.12.88 OfficialJournaloftheEuropeanCommunities NoL354/13
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,21December1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
todieCommissionRegulationof21December1988fixingtheexportrefundsonwhite
sugarandrawsugarexportedinitsunalteredstate
(ECU)
Amountofrefund
Productcode
per100kgperpercentagepointof
sucrosecontentand
per100kgnetofthe
productinquestion
17011190100
17011190910
•17011190950
17011290100
17011290910
17011290950
17019100000
17019910100
17019910910
17019910950
1701999010034,09(')
34,24(')
(2)
34,09(')
34,24(')
0
37,06
37,22
37,220,3706
0,3706
(')Applicabletorawsugarwithayieldof92%;iftheyieldisotherthan92%,
therefundapplicableiscalculatedinaccordancewiththeprovisionsofArticle
5(3)ofRegulation(EEC)No766/68.
(2)FixingsuspendedbyCommissionRegulation(EEC)No2689/85(OJNoL255,
26.9.1985,p.12),asamendedbyRegulation(EEC)No3251/85(OJNoL309,
21.11.1985,p.14).