1.9.73 OfficialJournaloftheEuropeanCommunities NoL245/39
REGULATION (EEC)No2377/73OFTHECOMMISSION
of31August1973
fixingtheexportrefundonoliveoil
THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;
HavingregardtoCouncilRegulationNo136/66/
EEC(*)of22September1966ontheestablishment
ofacommonorganizationofthemarketinoilsand
fats,aslastamendedbytheAct(2)annexedtothe
Treaty(3)ontheAccessionofnewMemberStatesto
theEuropeanEconomicCommunityandtheEuro­
peanAtomicEnergyCommunity,signedatBrussels
on22January1972;
HavingregardtoCouncilRegulationNo162/66/
EEC(4)of27October1966ontradeinoilsandfats
betweentheCommunityandGreece;
HavingregardtoCouncilRegulationNo171/67/
EEC(5)of27June1967onexportrefundsand
leviesonoliveoil,aslastamendedbyRegulation
(EEC)No2429/72(6),andinparticularthefirstsen­
tenceofArticle7thereof;
HavingregardtotheOpinionoftheMonetary
Committee ;
WhereasArticle18ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunity
arehigherthanworldmarketprices,thedifference
betweenthesepricesmaybecoveredbyarefund
whenoliveoilisexportedtothirdcountries;
WhereasArticle8ofRegulationNo162/66/EECpro­
videsthatArticle18ofRegulationNo136/66/EEC
andthemeasurestakeninapplicationthereofapply,
subjecttotheprovisionsoftheAgreementestablish­
inganAssociationbetweentheEuropeanEconomic
CommunityandGreece,totradebetweentheCom­
munityandGreece;
^Whereastherulesandotherprovisionsforfixing
andgrantingexportrefundsonoliveoilarecon­
tainedinRegulationNo171/67/EECand(EEC)No
616/72(7);
WhereasArticle2ofRegulationNo171/67/EECpro­
videsthattherefundmustbethesameforthewhole
Community ;WhereasArticle3ofRegulationNo171/67/EECpro­
videsthatwhentherefundonoliveoilisbeingfixed
accountmustbetakenof:
—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoil
ontheworldmarket;
—theaimsofthecommonorganizationofthemar­
ketinoliveoilwhicharetoensureequilibrium
andthenaturaldevelopmentofpricesandtrade
onthismarket;
—theneedtoavoiddisturbances ontheCommu­
nitymarket;and
—theeconomicaspectoftheproposedexports;
Whereas,furthermore ,Article4ofRegulationNo
171/67/EECprovidesthatthesaidrefundmustbe
fixedinaccordancewiththefollowingcriteria:
—oliveoilpricesinthemainproducingareasof
theCommunity ;
—themostfavourablequotationsrecordedonthe
variousmarketsofimportingthirdcountriesand
Greece;and
—marketingcostsandthemostfavourabletrans­
portchargesfromCommunitymarketsinthe
mainproducingareastoportsorotherpointsof
exportintheCommunity,aswellascostsin­
curredinplacingthegoodsontheworldmar­
ket;
WhereasArticle5ofRegulationNo171/67/EECpro­
videsthattherefundonoliveoilmaybevariedac­
cordingtodestinationwheretheworldmarketsitua­
tionorthespecificrequirementsofcertainmarkets
makethisnecessary;
WhereasArticle7ofRegulationNo171/67/EECpro­
videsthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;
Whereasitfollowsfromapplyingtheserulesand
otherprovisionstothepresentsituationonthemar­
ketinoliveoilandinparticulartooliveoilprices
withintheCommunityandonthemarketsofthird
countriesandGreecethattherefundshouldbefixed
attheamountsshownintheAnnextothisRegu­
lation;(')OJNo172,30.9.1966,p.3025/66.
(l)OJNoL73,27.3.1972,p.14.
(»)OJNoL73,27.3.1972,p.5.
(*)OJNo197,29.10.1966,p.3393/66.
(*)OJNo130,28.6.1967,p.2600/67.
(•)OJNoL264,23.11.1972,p.1.
HOJNoL78,31.3.1972,p.1.

NoL245/40 OfficialJournaloftheEuropeanCommunities 1.9.73
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:WhereasthemeasuresprovidedforinthisRegu­
lationareinaccordancewiththeOpinionofthe
ManagementCommitteeforOilsandFats;
HASADOPTED THISREGULATION :
Article1—inthecaseofcurrencieswhicharemaintainedin
relationtoeachother,atanygivenmoment,
withinabandof2-25°/o,arateofexchangebased
ontheireffectiveparity;TherefundsontheproductslistedinArticle1(2)
(c)ofRegulationNo136/66/EEC,exportedtothird
countriesandGreece,areherebyfixedasshownin
theAnnextothisRegulation .
Article2—forothercurrenciesanexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeach
ofthesecurrenciesrecordedforagivenperiod,in
relationtotheCommunitycurrenciesreferredto
intheprevioussubparagraph ;ThisRegulationshallenterintoforceon1Sep­
tember1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,31August1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundinu.a./lOOkgapplicabletooliveoilfrom1September1973
CCTheadingNo Descriptionofgoods jRefund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:
1 Havingundergonearefiningprocess:
'a)Obtainedbyrefiningvirginoliveoil,whetherornotblendedwithvirgin
oliveoil:
(1)Inimmediatepackingsofanetcapacityof5kgorless:
—onexporttoEuropeanthirdcountriesexcludingGreeceandthird
countriesontheMediterranean 3-000
—onexportstootherthirdcountriesexcludingGreece,Europeanthird
countriesandthirdcountriesontheMediterranean 12000
II Other:
a) Virginoliveoil:
(1)Inimmediatepackingsofanetcapacityof5kgorless:
—onexportstothirdcountriesexcludingGreece,Europeanthirdcountries
andthirdcountriesontheMediterranean 12000