OfficialJournaloftheEuropeanCommunities 91
2456/67 26.6.67 OFFICIALJOURNALOFTHEEUROPEAN COMMUNITIES
REGULATION No140/67/EECOFTHECOUNCIL
of21June1967
onrulesfortheadvancefixingofleviesoncereals
THECOUNCILOFTHEEUROPEAN ECONOMIC
COMMUNITY ,
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ;fluctuationsfromadverselyaffectingtheCommunity
marketincereals,provisionshouldbemadeinsucha
caseforfixingthepremiumatahigherlevelthan
thatresultingfromapplicationoftheusualrulesso
astocoverthedifferencebetweenthec.i.f.priceand
thec.i.f.forwarddeliveryprice,orforsuspending
temporarilytheadvancefixingofthelevy,orforre­
ducingtheperiodforwhichitispossibletoobtain
advancefixingofthelevy;HavingregardtoCouncilRegulationNo120/67/
EEC1of13June1967onthecommonorganisation
ofthemarketincereals,andinparticularArticle
15(4)thereof;
HavingregardtotheproposalfromtheCommission ;Whereasitisdesirable,bymeansofthepremiumsys­
tem,toinducetheimportertorespecttheperiodin­
dicatedbyhimwhenapplyingfortheadvancefixing
ofalevyinaccordancewithArticle15(2)ofRegu­
lationNo120/67/EEC,althoughallowanceshouldbe
madeforthefactthattheconditionsofpurchasecus­
tomaryintheinternationalcerealtradeanduncer­
taintyaboutdeliverytimewilloftenpreventtheim­
portfrombeingeffectedduringthemonthindicated
ontheimportlicence;WhereasthecommonthresholdpriceistheCom­
munitymarket'ssoleprotectionandwhereas,ifim­
portsweretoenterthismarketatpricesbelowthe
thresholdprice,thenormaldisposalofhome-grown
cerealsinaccordancewiththeregionalisation rules
wouldbeseriouslythreatened;whereasitistherefore
necessary,wherethelevyhasbeenfixedinadvance,
tofixthepremiumprovidedforinArticle15(2)of
RegulationNo120/67/EECsothattheproductim­
portedunderthisproceduremayentertheCom­
munitymarketunderconditionswhichcannotdis­
turbitsbalance;HASADOPTEDTHISREGULATION :
Article1
TheamountofthepremiumsprovidedforinArticle
15(2)ofRegulationNo120/67/EECexpressedin
unitsofaccountpermetrictonshallbethesamefor
theentireCommunity . Whereastothisenditisnecessarythatthispremium
shouldcoverthedifferencebetweenthec.i.f.price
andac.i.f.forwarddeliveryprice,wherethelatteris
lowerthantheformer,determinedonthebasisofof­
fersreflectingtherealtrendofthefuturemarket;Thescaleofpremiumsshallincludeapremiumfor
thecurrentmonthandapremiumforeachofthefol­
lowingmonthsuntilthelicenceexpires.
Whereasthereareexceptionalcaseswhereextra­
neousfactorscausesubstantialpricefluctuationson
thecerealsmarket;whereas,inordertopreventsuchArticle2
When,foroneoftheproductslistedinArticle1(a)
and(b)ofRegulationNo120/67/EEC,thec.i.f.price
ishigherthanthec.i.f.forwarddeliverypriceforthe 1OJNo117,19.6.1967,p.2269/67.

92 OfficialJournaloftheEuropeanCommunities
sameproduct,therateof,thepremiumshall,subject
totheprovisionssetoutbelow,beequaltothe
differencebetweenthetwoprices.therelevant-product,theamountofthepremium
maytemporarilybefixedatahigherlevelthanthe
premiumresultingfromtheprecedingArticles.
Article,32.However,forthemonthinwhichtheimportli­
cencewasissued,theamountofthepremiummay
notexceedtheamountresultingfromthepreceding
Articles. '.1.Thec.i.f.priceshallbethec.i.f.priceasdeter­
mined,inaccordance'withArticle13ofRegulation
No120/67/EEC,onthedaythescaleofpremiumsis
fixed.3.Theamountofthepremiummaynotexceed
theamountresultingfromthe^precedingArticlesby
mor.ethan:.*
(a).0-50unitsofaccount ,forthemonthfollowing
thatinwhichthelicencewasissued;
(b)0-75unitsofaccountfor'theother'monthsfor
whichthelicenceisvalid,withtheexceptionof
thelastmonth,forwhichtheincreaseinthepre­
"miummay,goupto1-25unitsofaccount.2.Thec.i.f.forwarddeliverypriceshall'bethe,
c.i.f..price,determinedinaccordancewithArticle13
ofRegulationNo120/67/EEC,butcalculatedonthe
basisofoffersatNorthSeaportsvalidas'follows:
(a)inthecaseofimportstobeeffectedduringthe
monthinwhichthelicencewasissued,forship­
mentduringthatmonth;
(b)inthecaseofimportstobeeffectedduringthe
monthfollowingthatinwhichthelicencewas
issued,forshipmentduringthemonthfollowing
thatinwhichtheiriiportlicencewasissued;
(c)inthecaseofimportstobeeffectedduringthe
lastmonthsforwhichthe'licenceisvalid,for
shipmentduringthemonthprecedingtheintended
monthofimportation .Article7
Inexceptionalcases,wherefactorsextraneoustothe
cerealsmarketcausesubstantialpricefluctuationson
thismarketwhichcouldnotbeforeseeninthelight
ofthesupplyanddemandsituationontheworld
market,the.amountofthepremiummaybe.fixedat
alevelhigherthanthatresultingfromtheprovisions
oftheprecedingArticles.
Theamountofthepremium-maynotbeincreasedby
morethanthedifferencebetweenthec.i.f.pricede­
terminedforeachproduct,andthelastc.i.f.pricede­
terminedforeachproductbeforepricesbegantobe
affectedbythefactorsmentionedinparagraph1.Article4
Ifthec.i;f.priceisequaltothec.i.f.forwarddelivery
priceorexceedsthelatterbynotmore,than0-125
unitsofaccountpermetricton,thepremiumshallbe
equalto0unitsofaccount.
Article8Article5
1.Theamountofthepremiumshowninthescale
inforceforaparticularproductandperiodshallbe
adjustedwhereapplicationoftheruleslaiddownin
theprecedingArticlesentailsachangeinthatamount
ofmorethan0-125'unitsofaccount.InthecasesmentionedinArticle.7,theadvancefix­
ingofthelevy,inaccordancewithArticle15(2)of
RegulationNo120/67/EEC,.maybesuspended,or
theperiodforwhicfritispossibletoobtainadvance
fixingofthelevymaybereduced,inaccordancewith
theprocedureprovidedforinArticle26ofRegu­
lationNo120/67/EEC.
2.Thescaleshallremaininforceuntilanewscale
isbroughtintoforcebytheCommission .Article9
Article6Ifimportationisnoteffectedduringthemonthindi­
catedatthetimeofapplicationandsubjecttoexcep­
tionsthedefinitionand.details,of-whichshallbede­
terminedinaccordancewiththeprocedurelaiddown >
inArticle26ofRegulationNo120/67/EEC:1.If,inviewofprospectiveimports,seriousdiffi­
cultiesthreatento.affecttheCommunitymarketin

OfficialJournaloftheEuropeanCommunities 93
monthofimportationindicated,islessthanthe.
amountofthepremiumwhichwasvalidatthe
timeofsubmissionoftheapplicationforthe
monthinwhichimportationiseffected,thelatter
amountshallbeapplied.(a)thelevyapplicableonthedayonwhichthe
applicationforthelicencewassubmittedshallbe
adjustedinaccordancewiththethresholdprice
inforceonthedayofimportation ;and
(b)thepremiumapplicableshallbethepremium
shown,fortheproductinquestionandforthe
monthofimportationindicated,inthescaleof
premiumsinforceonthedaytheapplicationfor
thelicencewassubmitted.However,ifthe
amountofthepremiumwhichisvalidfortheArticle10
ThisRegulationshallenterintoforceon1July1967.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,21June1967.
FortheCouncil
ThePresident
R.VANELSLANDE