NoL278/20 OfficialJournaloftheEuropeanCommunities 1.10.87
COMMISSION REGULATION (EEC)No2918/87
of30September1987
fixingtheexportrefundsonoliveoil
THECOMMISSION OFTHEEUROPEAN "COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,Whereastheamountoftherefundmaynotexceedthe
differencebetweenthepriceofoliveoilintheCommu­
nityandthatontheworldmarket,adjusted,whereappro­
priate,totakeaccountofexportcostsfortheproductson
theworldmarket:
Whereas,inaccordancewithArticle5ofRegulation
(EEC)No1650/86,itmaybedecidedthattherefund
shallbefixedbytender;
Whereasthetendering.procedureshouldcoverthe
amountoftherefundandmaybelimitedtocertaincoun­
triesofdestination ,quantities,qualitiesandpresenta­
tions:
WhereasthesecondindentofArticle2ofRegulation
(EEC)No1650/86providesthattherefundonoliveoil
maybevariedaccordingtodestinationwheretheworld
marketsituationorthespecificrequirements ofcertain
marketsmakethisnecessary;
"WhereasArticle3(1)ofRegulation (EEC)No1650/86
providesthattherefundmustbefixedatleastonceevery
month;whereasitmay,ifnecessary,bealteredinthe
interveningperiod;HavingregardtotheActofAccessionofSpainand
Portugal,
HavingregardtoCouncilRegulationNo136/66/EECof
22September1966ontheestablishment ofacommon
organization ofthemarketinoilsandfats('),aslast
amendedbyRegulation (EEC)No1915/87(2),
HavingregardtoCouncilRegulation (EEC)No1650/86
of26May1986onexportrefundsandleviesonolive
oil(3),andinparticularthefirstsentenceofArticle3(1)
thereof,
HavingregardtotheopinionoftheMonetaryCommittee ,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifferencebetween
thesepricesmaybecoveredbyarefundwhenoliveoilis
exportedtothirdcountries;
Whereasthedetailedrulesforfixingandgrantingexport
refundsonoliveoilarecontainedinRegulations (EEC)
No1650/86and(EEC)No616/72(4),aslastamendedby
Regulation(EEC)No2962/77(*);
Whereasthe'firstindentofArticle2ofRegulation(EEC)
No1650/86providesthatthe,refundmustbethesame
forthewholeCommunity ;
Whereas,inaccordancewithArticle4ofRegulation
(EEC)No1650/86,therefundforoliveoilmustbefixed
inthelightoftheexistingsituationandoutlookinrela­
tiontooliveoilpricesandavailabilityontheCommunity
marketandoliveoilpricesontheworldmarket;
Whereas,however,wheretheworldmarketsituationis
suchthatthemostfavourableoliveoilpricescannotbe
determined ,accountmaybetakenofthepriceofthe
maincompetingvegetableoilsontheworldmarketand
thedifferencerecordedbetweenthatpriceandtheprice
ofoliveoilduringarepresentative period;Whereasitfollowsfromapplyingthes,edetailedrulesto
thepresentsituation'onthemarketinoliveoilandin
particulartooliveoilpriceswithin-theCommunityand
onthemarketsofthirdcountriesthattherefundshould
beassetoutintheAnnexhereto;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(*),aslastamendedbyRegula­
tion(EEC)No1636/870;
—forothercurrencies,anexchangeratebasedonthe
arithmeticmeanofthespotmarketratesofeachof
thesecurrenciesrecordedoveragivenperiodin.rela­
tiontotheCommunitycurrenciesreferredtointhe
previousindent,andtheaforesaidcoefficient ; (>)OJNo172,30.9.1966,p.3025/66.
(2)OJNoL183,3.7.1987,p.7.
(3)OJNoL145,30.5.1986,p.8.
4)OJNoL78,31.3.1972,p.1. («)OJNoL164,24.6.1985,p.1.0OJNoL153,13.6.1987,p.1. 0OJNoL348,30.12.1977,p.53.

1.10.87 OfficialJournaloftheEuropeanCommunities NoL278/21
Whereas,pursuanttoArticle275oftheActofAccession
ofSpainandPortugal,refundsmaybegrantedinthecase
ofexportstoPortugal;whereas,inthelightofthesitua­
tionandthelevelofpricesnorefundshouldbefixedin
thecaseofexportstoPortugal;HASADOPTED THISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1(2)
(c)ofRegulationNo136/66/EECshallbeassetoutin
theAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1October1987.WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforOilsandFats,
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,30September1987.
FortheCommission
FransANDRIESSEN
Vice-President
ANNEX
totheCommission Regulationof30September1987fixingtheexportrefundson
oliveoil
(ECU/100kg)
CCTheadingNo Description Refund
15.07 Fixedvegetableoils,fluidorsolid,crude,refinedorpurified:
A Oliveoil:
I Untreated :
(a)Virginoliveoil:
Inimmediatepackingsofanetcapacityof5litresorless,fordestinationsmentionedin
Article5ofCommissionRegulation (EEC)No2730/79('),aswellasonexporttothirdcoun­
tries , 44,00
II Other:
(a)Obtainedbyprocessingoilsfallingwithinsubheading15.07AIa)or15.07AIb),whetheror
notblendedwithvirginoliveoil:
Inimmediatepackingsofanetcapacityof5litresorless,fordestinationsmentionedin
Article5ofRegulation (EEC)No2730/79,aswellasonexporttothirdcountries 44,47
(b)Other:
Obtainedbyprocessingoilsfallingwithinsubheading 15.07AIc),whetherornotblended
withvirginoliveoil:
Inimmediatepackingsofanetcapacityof5litresorless,fordestinationsmentionedin
Article5ofRegulation(EEC)No2730/79,aswellasonexporttothirdcountries 10,40
1OJNoL317,12.12.1979,p.1.