NoL144/5931.5.73 OfficialJournaloftheEuropeanCommunities
REGULATION (EEC)No1447/73OFTHECOMMISSION
of30May1973
fixingtheexportrefundonoliveoil
WhereasArticle2ofRegulationNo171/67/EECpro­
videsthattherefundmustbethesameforthewhole
Community ;
WhereasArticle3ofRegulationNo171/67/EECpro­
videsthatwhentherefundonoliveoilisbeingfixed
accountmustbetakenof:
—theexistingsituationandthefuturetrendwith
regardtopricesandavailabilitiesofoliveoilon
theCommunitymarketandpricesforoliveoil
ontheworldmarket;
—theaimsofthecommonorganizationofthemar­
ketinoliveoilwhicharetoensureequilibrium
andthenaturaldevelopmentofpricesandtrade
onthismarket;
—theneedtoavoiddisturbances ontheCommu­
nitymarket;and
—theeconomicaspectoftheproposedexports;THECOMMISSION OFTHEEUROPEAN
COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;
HavingregardtoCouncilRegulationNo136/66/
EECHof22September1966ontheestablishment
ofacommonorganizationofthemarketinoilsand
fats,aslastamendedbytheAct(2)annexedtothe
Treaty(3)ontheAccessionofnewMemberStatesto
theEuropeanEconomicCommunityandtheEuro­
peanAtomicEnergyCommunity,signedatBrussels
on22January1972;
HavingregardtoCouncilRegulationNo162/66/
EEC(4)of27October1966ontradeinoilsandfats
betweentheCommunityandGreece;
HavingregardtoCouncilRegulationNo171/67/
EEC(®)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;
Whereasthe.rulesandotherprovisionsforfixing
andgrantingexportrefundsonoliveoilarecon­
tainedinRegulationNo171/67/EECand(EEC)No
616/72(7);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:
OOJNo172,30.9.1966,p.3025/66.
(2)OJNoL73,27.3.1972,p.14.
(3)OJNoL73,27.3.1972,p.5.
(4)OJNo197,29.10.1966,p.3393/66.
(5)OJNo130,28.6.1967,p.2600/67.
(#)OJNoL264,23.11.1972,p.1.
(7)OJNoL78,31.3.1972,p.1.WhereasArticle7ofRegulationNo171/67/EECpro­
videsthattherefundmustbefixedatleastonce
everymonth;whereasitmay,ifnecessary,bealtered
intheinterveningperiod;

NoL144/60 OfficialJournaloftheEuropeanCommunities 31.5.73
WhereasthemeasuresprovidedforinthisRegu­
lationareinaccordancewiththeOpinionofthe
ManagementCommitteeforOilsandFats;
HASADOPTED THISREGULATION :
Article1Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthebasisofan
exchangeratewhichisbased,inthecaseofcurrencies
whicharefloatingorwhosecentralratediffersfrom
theofficialparity,ontheeffectiverateorthe
centralrateofthesecurrenciesand,inthecaseof
theUSdollar,onthechangeinparityannounced
on13February1973;
Whereasitfollowsfromapplyingtheserulesand
otherprovisionstothepresentsituationonthemar­
ketinoliveoilandinparticulartooliveoilprices
withintheCommunityandonthemarketsofthird
countriesandGreecethattherefundshouldbefixed
attheamountsshownintheAnnextothisRegu­
lation:TherefundsontheproductslistedinArticle1(2)
(c)ofRegulationNo136/66/EEC,exportedtothird
countriesandGreece,areherebyfixedasshownin
theAnnextothisRegulation .
Article2
ThisRegulationshallenterintoforceon1June
1973.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30May1973.
FortheCommission
P.J.LARDINOIS
MemberoftheCommission
ANNEX
Refundinu.a./100kgapplicabletooliveoilfrom1June1973
CCTheadingNo Descriptionofgoods Refund
15.07
A
1
a)
II
a)Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
Oliveoil:
Havingundergonearefiningprocess:
Obtainedbyrefiningvirginoliveoil,whetherornotblendedwithvirgin
oliveoil:
(1)Inimmediatepackingsofanetcapacityof5kgorless:
—onexporttoEuropeanthirdcountriesexcludingGreeceandthird
countriesontheMediterranean
—onexportstootherthirdcountriesexcludingGreece,Europeanthird
countriesandthirdcountriesontheMediterranean
Other:
Virginoliveoil:
(1)Inimmediatepackingsofanetcapacityof5kgorless:
—onexportstothirdcountriesexcludingGreece,Europeanthirdcountries
andthirdcountriesontheMediterranean3·000
12·000
12·000