NoL241/36 OfficialJournaloftheEuropeanCommunities1.9.88
COMMISSION REGULATION (EEC)No2702/88
of31August1988
fixingthecorrectiveamountapplicabletotherefundonriceandbrokenrice
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulation(EEC)No1418/76
of21June1976onthecommonorganizationofthe
marketinrice('),aslastamendedbyRegulation(EEC)
No2229/88(2),andinparticularthesecondsubparagraph
ofArticle17(4)thereof,dancewithArticle3(2)ofCouncilRegulation(EEC)No
1428/76(*),basedinrespectofeachmonthforwhichthe
exportlicenceisvalid,onthecifpricecalculatedonthe
basisofoffersforshipmentduringthemonthofexporta­
tion;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygiyenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No1636/870,
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedforagivenperiodinrela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient;
Whereasitfollowsfromapplyingtheprovisionssetout
abovethatthecorrectiveamountmustbeassetoutinthe
Annexhereto;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforCereals,HavingregardtotheopinionoftheMonetaryCommittee,
WhereasthefirstsubparagraphofArticle17(4)ofRegu­
lation(EEC)No1418/76providesthattheexportrefund
applicabletoriceandbrokenriceonthedayonwhich
applicationforanexportlicenceismade,adjustedforthe
thresholdpricewhichwillbeinforceduringthemonth
ofexportation,mustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityofthelicence;
WhereasRegulationNo474/67/EEC(3),asamendedby
Regulation(EEC)No1397/68(4),laysdowndetailedrules
fortheadvancefixingoftheexportrefundonriceand
brokenrice:
HASADOPTEDTHISREGULATION :
WhereasthatRegulationprovidesthattherefundappli­
cableonthedayonwhichapplicationforanexport
licenceismademust,whenitisfixedinadvance,be
reducedbyanamountnogreaterthanthedifference
betweenthecifforwarddeliverypriceandthecifprice,
wheretheformerexceedsthelatterbymorethan0,30
ECUpertonne;whereasontheotherhand,therefund
mustbeincreasedbyanamountnogreaterthanthe
differencebetweenthecifpriceandthecifforwarddeli­
veryprice,wheretheformerexceedsthelatterbymore
than0,30ECUpertonne;Article1
ThecorrectiveamountreferredtoinArticle17(4)of
Regulation(EEC)No1418/76whichisapplicabletothe
exportrefundsfixedinadvanceinrespectofriceand
brokenriceshallbeassetoutintheAnnexhereto.
Whereasthecifpriceisthatdeterminedinaccordance
withArticle16ofRegulation(EEC)No1418/76;whereas
thecifforwarddeliverypriceisthatdeterminedinaccor­Article2
ThisRegulationshallenterintoforceon1September
1988.
(')OJNoL166,25.6.1976,p.1.0OJNoL197,26.7.1988,p.30.0OJNo204,24.8.1967,p.20/6.
4OJNoL222,10.9.1968,p.6.0OJNoL166,25.6.1976,p.30.
(<)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1.

1.9.88 OfficialJournaloftheEuropeanCommunities NoL241/37
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31August1988.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommissionRegulationof31August1988fixingthecorrectiveamountapplicable
totherefundonriceandbrokenrice
(ECU/tonne)
ProductcodeCurrent
91stperiod
102ndperiod
113rdperiod
12
10062010000 —
10062090000(') 0 0 0 0
10063011000 — — — —
10063019000 — — — —
10063091000 — .— — —
10063099100(') 0 0 0 0
10063099900(') 0 0 0 0
10064000000
•>— — — —
N.B.TheproductcodesandthefootnotesaredefinedinRegulation(EEC)No3846/87asamended.
(')Theamountisapplicabletomedium-grainandlong-grainrice,asdefinedinparagraph2ofAnnexAofRegula­
tion(EEC)No1418/76,asamendedbyRegulation(EEC)No3877/87(OJNoL365,24.12.1987).