5.5.77 OfficialJournaloftheEuropeanCommunities NoL113/13
COMMISSION REGULATION (EEC)No955/77
of4May1977
ontheputtingupforsaleofolive-residue oilheldbytheItalianintervention
agency
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;whereasthestateoftheItalian
marketinoliveoilisatpresentfavourableforthe
resaleofpartofthesaidoil;whereas,inviewofthe
characteristics ofthemarket,thesaleshouldbe
carriedoutassoonaspossible;
WhereasCommissionRegulation (EEC)No589/68of
14May1968ondetailedrulesforthesaleofoliveoil
heldbyinterventionagencies(3),aslastamendedby
Regulation (EEC)No782/77(4),laiddownthecondi­
tionsforsalebytenderontheCommunitymarketof
oilheldbyinterventionagencies;whereastheproce­
durelaiddownthereininvolvestimelimitswhichare
incompatiblewiththeneedtoofferthesaidoilfor
saleasquicklyaspossible;
Whereas,moreover,experiencehasshownthatthe
saidprocedureinvolvesdeliveryperiodswhichare
incompatiblewithcommercialpracticesandrequire­
ments;whereasspecialmeasuresshouldthereforebe
laiddowntocounteractthesedrawbacks ;whereasthis
maybeachievedbyprovidingforthesaleoftheoilto
thepurchaserwho,subjecttoaminimumprice,
makesthehighestoffer;
WhereasArticle11(3)ofRegulationNo136/66/EEC
specifiesthetermsonwhichoilboughtinbythe
intervention agenciesmustbeofferedforsale;
whereas,inordertoensureobservanceofthoseterms,
theminimumsellingpriceshouldbefixedatthe
levelshownintheAnnexhereto;
Whereas,inordertoensurethatthesellingoperations
areproperlycarriedout,certaininformationshouldbeprovidedintheapplicationforpurchase,inparticular
asregardstheexactdefinitionoftheproducttowhich
itrelates;
Whereas,inordertoguaranteeperformanceofthe
obligationsresultingfromthesubmissionofanappli­
cation,provisionshouldbemadeforthelodgingofa
security;
Whereas,sincethequantityofoilsoldmaybe
differentfromthatactuallywithdrawn,thefinal
sellingpricecannotbecalculateduntiltheendofthe
withdrawaloperation;whereas,inordertoensurethat
thesaleisproperlyconducted,theprovisionalprice
shouldbepaidbeforewithdrawal ;
Whereas,inordertoensuretherapiddisposalofthe
oilsold,thetimeatwhichtheoilmustbeplacedat
thepurchaser'sdisposalandthefinaldateforcomple­
tionofthewithdrawaloftheoilshouldbelaiddown;
whereasitshouldalsobeprovidedthatany
consequences ofdelayinthewithdrawalshouldbe
bornebythepurchaser ;
Whereasthereisaconsiderable imbalancebetween
supplyanddemandontheCommunitymarketin
oliveoil;whereas,inordertoalleviatethisproblem,
theoilsoldbytheItalianinterventionagencyshould
beplacedonthemarketinthenearfuture;
Whereas,inordertoensureafairdistributionamong
thevariouspurchasersofthequantitiesputupfor
sale,itisnecessarytolaydownforeachqualitythe
maximumquantitieswhichmaybeallocatedtoeach
tenderer;
Whereasinrecentmonthsolive-residueoilheldby
theItalianinterventionagencyhasbeenputupfor
salethreetimes;
Whereasonlyaverysmallquantityofthisolive­
residueoilhasbeensold;whereas,takinginto
accountthepresentmarketsituation,itappearsoppor­
tunetoputupforsaleagainapartoftheoilthat
remainsunsold;
WhereasthemeasuresprovidedforinthisRegulation
areinaccordancewiththeopinionoftheManage­
mentCommitteeforOilsandFats,(')OJNo172,30.9.1966,p.3025/66.0OJNoL175,29.6.1973,p.5.
(3)OJNoL112,15.5.1968,p.6.
(4OJNoL95,19.4.1977,p.13.

NoL113/14 OfficialJournaloftheEuropeanCommunities 5.5.77
HASADOPTED THISREGULATION :
Article12.Applications forpurchaseshallincludeatleast
thefollowing :
(a)thenameandfullpostaladdressoftheapplicant;
(b)thecontainernumberornumbers,togetherwith
thecorresponding lotnumberandtheplaceof
storage;
(c)anacknowledgement oftheaccuracyofthe
descriptionunderwhichtheoilconcernedis
offeredforsale;TheItalianinterventionagency,'AziendadiStatoper
gliinterventinelmercatoagricolo',hereinafter
referredtoas'AIMA',shallofferforsale,outofthe
interventionpurchasesofthe1975/76oilmarketing
year,andinaccordancewiththeprovisionsofthis
Regulation ,4000tonnesofolive-residueoil.
(d)theofferpriceper100kilograms;Article2
Particularsofthelotsofolive-residue oilofferedfor
saleandtheplacewheretheyarestoredshallbe
displayedatthecentralofficeofAIMA,ViaPalestro
81,Rome,Italy.Particularsofthelotsshallbe
displayedfrom6May1977.(e)anundertakingtomakeanyquantitiesawarded
availabletotheretailtradewithintwomonths
followingwithdrawaloftheproduct.
3.Anyapplicationwhichdoesnotofferatleastthe
minimumpricesetfortheproductconcernedshallbe
refused.
4.Everyapplicationforpurchaseshallrelatetoall
theoilinatleastonecontainer .
5.Noapplicationmaybewithdrawn .Article3
Theminumumsellingpriceshallbeaslaiddownin
theAnnexhereto.Thispriceisnetoftaxandrelates
to100kilogramsofolive-residue oildeliveredex
storagedepot,eitherinthepurchaser'sowndrums
loadedonavehicleprovidedbyhimorinthe
purchaser'stankvehicle. Article6
Article4 1.Noapplicationforpurchaseshallbevalidunless
itisaccompanied byasecurityofLit12000per100
kilograms .
2.Thesecurityshallbeincashorbywayofa
guaranteeissuedbyacreditinstitutionsatisfyingthe
criterialaiddownbytheMemberStateinwhichitis
situated.
3.Thesecurityshallbereleasedifnosaleismade
tothepartyconcerned .Itshalllikewisebereleased
whenthepurchaserpaysthefinalamountoftheprice
asreferredtoinArticle12andestablishestothesatis­
factionofthecompetentauthoritiesthathehas
fulfilledtheundertakingprovidedforinArticle5(2)1.TheawardofcontractsshallbemadebyAIMA
on17and18May1977.Wherelotsorpartsoflots
arenotsold,theawardofcontractsinrespectthereof
shalltakeplaceon1and2June1977.Inthiscase,
thedisplayprovidedforinArticle2shalltakeplace
on24May1977.
AIMAshallforthwithinformsuccessfulbiddersofits
decisionandshallsupplythoseresponsibleforstorage
withalistofthelotsorpartsoflotsremainingunsold.
2.Prospectivepurchasersmayexamineatthe
storagedepottheoilofferedforsaleandmayobtaina
samplethereof,incontainerssuppliedbythemfor
thatpurpose,onpaymentofapricedeterminedon
thebasisoftheminimumpricelaiddowninthe
Annexhereto.Thissampleshallbeputintotwo
labelledbottleswhichshallbesealedinthepresence
ofboththevendorandtheprospectivepurchaseror
hisdulyauthorizedagent.Onebottleshallbegivento
theprospectivepurchaserandtheothertothestorer,
sothat,intheeventthatoilissoldtotheparty
concerned ,acheckmaybemadetoensurethatthe
oilappliedforbyhimcorrespondstothatactually
delivered,subjectalwaysasprovidedinthelast
sentenceofArticle 11(2)hereof.(e)-
Article7
ThecompetentauthoritiesoftheMemberState
concernedshalltakethenecessarymeasurestocheck
performance oftheundertakingprovidedforin
Article5(2)(e).
Article8
Article 5 1.Theoilineachparticularcontainershallbesold
totheapplicanthavingmadeavalidapplicationfor
purchaseofferingthehighestprice.Wherethesame
highestofferismadebymorethanoneapplicant,the
purchasershallbechosenbylotbyAIMA.1.Applications forpurchaseshallreachAIMA,Via
Palestro81,Rome,Italy,notlaterthan2p.m.(Italian
time)on16and31May1977respectively .

5.5.77 OfficialJournaloftheEuropeanCommunities NoL113/15
event,thesecurityreferredtoinArticle6shallbe
forfeit.2.However,ifthetotalquantityforwhichanappli­
canthasofferedthehighestpriceexceeds 1000
tonnes,acontractshallbeawardedtothatapplicant
onlyinrespectofthecontainerorcontainersthetotal
contentsofwhichdonotexceedthatlimit. Article11
\
1.Withdrawaloftheoilbypurchasersmaybegin
assoonastheprovisionalamountreferredtoin
Article10(1)hasbeenpaidandshallbecompleted
notlaterthanthe40thdayfollowingthatofaccep­
tanceoftender.
2.Thequantityofoildeliveredmaydifferfromthe
quantityappliedforbythepurchaser,dependingon
theactualquantityinthecontainersatthetimeof
delivery.Thedetermination oftheweightofwater
andimpuritiesshallbemadeatthetimeofdelivery.Contractsforthequantitiesinexcessofthatlimit
shallbeawardedtotheotherapplicants,in
descendingorderofofferpriceandsubjecttothesaid
limit.
3.Whendeterminingthecontainerorcontainers
tobeexcludedfromaparticularawardpursuanttothe
precedingparagraph,theItalianinterventionagency
shallchoose:
(a)thecontainerorcontainerswhichhavethelowest
quantity;
(b)wherecontainershaveidenticalquantities,the
containerorcontainersforwhichtheapplicant
hasofferedthelowestprice.
However,ifotheroffershavebeenreceivedinrespect
ofcertainofthecontainersinquestion,theseshallbe
excludedfromtheawardtothetendererconcerned .Article12
1.whenthewithdrawaloftheoiliscomplete,
AIMAshalldrawupaninvoiceforthefinalamount
ofthesellingprice.
Withoutprejudicetoanydomestictaxesapplicable,
thefinalamountshallbecalculatedbymultiplying
thequantityactuallywithdrawn,aftertheweightof
waterandimpuritiesabove0-5%hasbeendeducted,
bythepriceofferedtothelotconcerned .
2.Theinvoiceshallshowthedebitorcredit
balance,whichshallbeequaltothedifference
between :Article9
—theprovisionalamount,1.Immediatelyafterthesalehasbeenconcluded,
sealsshallbeplacedinthepresenceofbothparties
uponthecontainerorcontainerstowhichtheapplica­
tionforpurchaserelates.Thecontainerorcontainers
concernedshallremainsealeduntilthewithdrawalof
theoilbythepurchaser .
2.Inaddition,ananalysisshallbecarriedoutin
thepresenceofbothpartiesbeforetheplacingofthe
sealsreferredtoinparagraph 1.Ifthedegreeof
acidityofsuchoildoesnotcorrespondtothatspeci­
fiedintheAnnexhereto,thesellingpriceshallbe
adjustedinaccordancewiththesaidAnnex.—thefinalamountofthesellingpriceplusany
storagechargepayablepursuanttoArticle13(b).
Thebalanceshallbepaidwithin30daysfollowing
completionofthewithdrawaloftheoil.
Article13
Article10Ifwithdrawaloftheoilisnotcompletedbythedate
laiddowninArticle11(1):
(a)theoilremaininginstorageshallbeheldatthe
purchaser'sownrisk;
(b)thepurchasershallpaytoAIMAastoragecharge
calculatedonthebasisofthequantitystilltobe
withdrawnattherateofLit1000per100kilo­
gramsforeachperiodof30daysofadditional
storageorpartthereof.1.ThepurchasershallpaytoAIMA,beforewith­
drawingtheoilandinanyeventnotlaterthanthe
15thdayfollowingtheawardofthecontract,theprovi­
sionalamountofthesellingprice.Withoutprejudice
toanydomestictaxesapplicable,suchamountshall
becalculatedbymultiplyingthequantityiriicatedas
beingcontainedinthelotbythepriceofferedforthat
lot.
2.IftheprovisionalamountisnotpaidtoAIMA
withintheperiodlaiddowninparagraph 1,AIMA
may,withoutanyspecialformalityorinvocationof
legalprocess,regardthesaleascancelled.InthisArticle14
ThisRegulationshallenterintoforceontheday
followingitspublicationintheOfficii!IJournalof
theEuropeanCommunities .

NoL113/16 OfficialJournaloftheEuropeanCommunities 5.5.77
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,4May1977.
FortheCommission
FinnGUNDELACH
Vice-President
ANNEX
Minimumsellingpriceforolive-residue oilheldbytheItalianinterventionagency
15Jolive-residue oil:Lit84000per100kg.
Inthecaseofolive-residueoilwithadifferentdegreeofacidity,thereshallbeaddedordeductedas
thecasemaybeLit400per100kilogramsforeachdegreeofacidityorfractionthereoflessormore
than15".