5.1.73 OfficialJournaloftltaeEuropeanCommunities NoL5/5
REGULATION (EEC)No16/73OFTHECOMMISSION
of4January1973
fixingthecorrectiveamountapplicabletotherefundoncereals
byRegulation (EEC)No2435/70(6),based,inres­
pectofeachmonthforwhichtheexportlicenceis
valid,onthec.i.f.pricecalculatedonthebasisof
offersforshipmentduringthemonthofexport­
ation;
Whereasthecorrectiveamountsofixedwillbeal­
teredifapplicationofthecalculationprocedure
describedaboveentailsachangeinthatamountof
morethan0-125unitsofaccount;
WhereashoweverArticle2ofRegulationNo
633/67/EECprovidesthatthecorrectiveamount
applicabletotheamountoftherefundfixedin
advanceonexportstobeeffectedafterthethird
monthfollowingthatduringwhichthelicencewas
issuedshouldbefixedonthebasisofforeseable
markettrends;whereastothisendaccountshould
betakenofavailabilities andforeseeabletrendson
theCommunitymarketandofforwardtrendson
theworldmarket,inparticularonthosemarkets
whosespecificrequirementshavemadeitnecessary
tovarytherefund;
Whereasitfollowsfromapplyingallthesepro­
visionsthatthecorrectiveamountmustbefixedas
shownintheTableannexedtothisRegulation ;
WhereasthemeasuresprovidedforinthisRegula­
tionareinaccordancewiththeOpinionofthe
ManagementCommitteeforCereals;
HASADOPTED THISREGULATION :
Article1
ThecorrectiveamountreferredtoinArticle16(4)
ofRegulationNo120/67/EECwhichisapplicable
toexportrefundsfixedinadvanceinrespectof
cerealsisherebyfixedasshownintheTablean­
nexedtothisRegulation .
Article2
ThisRegulationshallenterintoforceon5January
1973.THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro-*
peanEconomicComunity ;
HavingregardtoCouncilRegulationNo
120/67/EEC(*)of13June1967onthecommon
organisation ofthemarketincereals,aslast
amendedbyRegulation (EEC)No2429/72(2),and
inparticularthethirdsentenceofthefirstsub­
paragraphofArticle16(4)thereof;
WhereasArticle16(4)ofRegulationNo120/67/
EECprovidesthattheexportrefundappli­
cabletocerealsonthedayonwhichapplication
foranexportlicenceismade,adjustedforthe
thresholdpriceinforceduringthemonthofex­
portationmustbeappliedonrequesttoexportsto
beeffectedduringtheperiodofvalidityoftheex­
portlicence;whereas,inthiscase,acorrective
amountmustbeappliedtotherefund;
WhereasRegulationNo633/67/EEC(3),aslast
amendedbyRegulation (EEC)No1461/72(4),lays
downdetailedrulesfortheadvancefixingofthe
exportrefundoncereals;
WhereasthatRegulationprovidesthattherefund
applicableonthedayonwhichapplicationfora
exportlicenceismademustwhentherefundis
fixedinadvance,bereducedbynotmorethatthe
differencebetweenthec.i.f.forwarddeliveryprice
andthec.i.f.pricewheretheformerexceedsthe
latterbymorethanoneunitofaccountpermetric
ton;whereas,ontheotherhand,therefundmust
beincreasedbynotmorethanthedifferencebe­
tweenthec.i.f.priceandthec.i.f.forwarddelivery
pricewheretheformerexceedsthelatterbymore
thanoneunitofaccountpermetricton;
Whereasthec.i.f.priceisthatdeterminedinac­
cordancewithArticle13ofRegulationNo
120/67/EEC;whereasthec.i.f.forwarddelivery
priceisthatdeterminedinaccordancewithArticle
3(2)ofRegulationNo140/67/EEC(5),asamended
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,4January1973.
FortheCommission
TheVice-President
CarloSCARASCIA MUGNOZ7.A
(')OJNo117,19.6.1967,p.2269/67.
(2)OJNoL264,2.3.11.1972,p.1.
(3)OJNo233,28.9.1967,p.9,
(4)OJNoL155,11.7.1972,p.35.
(5)OJNo125,26.6.1967,p.2456/67. («)OJNoL262,3.12.1970,p.3.

NoL5/6 OfficialJournaloftheEuropeanCommunities 5.1.73
ANNEX
totheCommissionRegulationof4January1973fixingthecorrectiveamountapplicable
totherefundoncereals
(u.a.lton)
CCT
heading
NoDescriptionofgoodsCurrent
11st
period2nd
period
33rd
period
44th
period
55th
period
66th
period
7
10.01ACommonwheat,andmes­
iin
10.01BDurumwheat_ — — — — —
10.02 Rye— — — — — —
10.03 Barley— — — — _ —
10.04 Oats— — — — — — —
10.05BMaizeotherthanhybrid
maizeforsowing— — — — — — —
10.07CGrainsorghum
NB:ThezonesarethosedefinedintheAnnextoRegulation (EEC)No941/72(OJNoL107,6.5.1972).