30.3.95IEN OfficialJournaloftheEuropeanCommunities NoL70/15
COMMISSION REGULATION (EC)No677/95
of29March1995
fixingtheexportrefundsonoliveoil
Whereas,inaccordancewithArticle5ofRegulation
(EEC)No1650/86,itmaybedecidedthattherefund
shallbefixedbytender;
Whereasthetenderingprocedureshouldcoverthe
amountoftherefundandmaybelimitedtocertaincoun­
triesofdestination,quantities,qualitiesandpresenta­
tions;
WhereasthesecondindentofArticle2ofRegulation
(EEC)No1650/86providesthattherefundonoliveoil
maybevariedaccordingtodestinationwheretheworld
marketsituationorthespecificrequirements ofcertain
marketsmakethis-necessary;
WhereasArticle3(1)ofRegulation(EEC)No1650/86
providesthattherefundmustbefixedatleastonceevery
month;whereasitmay,ifnecessary,bealteredinthe
interveningperiod;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinoliveoilandin
particulartooliveoilpriceswithintheCommunityand
onthemarketsofthirdcountriesthattherefundshould
beassetoutintheAnnexhereto;
WhereastherepresentativemarketratesdefinedinArticle
1ofCouncilRegulation(EEC)No3813/92(^aslast
amendedbyRegulation(EC)No150/95(6),areusedto
convertamountsexpressedinthirdcountrycurrencies
andareusedasthebasisfordeterminingtheagricultural
conversionratesoftheMemberStates'currencies;
whereasdetailedrulesontheapplicationanddetermina­
tionoftheseconversionsweresetbyCommissionRegu­
lation(EEC)No1068/93Q,aslastamendedbyRegula­
tion(EC)No157/95(8);
WhereasCouncilRegulation(EEC)No990/93(9)prohi­
bitstradebetweentheEuropeanCommunityandthe
FederalRepublicofYugoslavia(SerbiaandMontenegro);
whereasthisprohibitiondoesnotapplyincertainsitua­
tionsascomprehensively listedinArticles2,4,5and7
thereof;whereasaccountshouldbetakenofthisfact
whenfixingtherefunds;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforOilsandFats,THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
Community,
HavingregardtoCouncilRegulationNo136/66/EECof
22September1966ontheestablishment ofacommon
organizationofthemarketinoilsandfats('),aslast
amendedbytheActofAccessionofAustria,Finlandand
Sweden,
HavingregardtoCouncilRegulation(EEC)No1650/86
of26May1986onexportrefundsandleviesonolive
oil(2),andinparticularthefirstsentenceofArticle3(1)
thereof,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifferencebetween
thesepricesmaybecoveredbyarefundwhenoliveoilis
exportedtothirdcountries;
Whereasthedetailedrulesforfixingandgrantingexport
refundsonoliveoilarecontainedinRegulation(EEC)No
1650/86andCommission Regulation (EEC)No
616/72(3),aslastamendedbyRegulation(EEC)No
2962/77(4);
WhereasthefirstindentofArticle2ofRegulation(EEC)
No1650/86providesthattherefundmustbethesame
forthewholeCommunity ;
Whereas,inaccordancewithArticle4ofRegulation
(EEC)No1650/86,therefundforoliveoilmustbefixed
inthelightoftheexistingsituationandoutlookinrela­
tiontooliveoilpricesandavailabilityontheCommunity
marketandoliveoilpricesontheworldmarket;whereas,
however,wheretheworldmarketsituationissuchthat
themostfavourableoliveoilpricescannotbedetermined,
accountmaybetakenofthepriceofthemaincompeting
vegetableoilsontheworldmarketandthedifference
recordedbetweenthatpriceandthepriceofoliveoil
duringarepresentativeperiod;whereastheamountofthe
refundmaynotexceedthedifferencebetweentheprice
ofoliveoilintheCommunityandthatontheworld
market,adjusted,whereappropriate ,totakeaccountof
exportcostsfortheproductsontheworldmarket;
(')OJNo172,30.9.1966,p.3025/66.
(2)OJNoL145,30.5.1986,p.8.
(3)OJNoL78,31.3.1972,p.1.0OJNoL387,31.12.1992,p.1.
(6)OJNoL22,31.1.1995,p.1.
OOJNoL108,1.5.1993,p.106.
(8)OJNoL24,1.2.1995,p.1.
OOJNoL102,28.4.1993,p.14. (4)OJNoL348,30.12.1977,p.53.

NoL70/16EN OfficialJournaloftheEuropeanCommunities 30.3.95
HASADOPTEDTHISREGULATION :
Article1
TheexportrefundsontheproductslistedinArticle1(2)(c)ofRegulationNo136/
66/EECshallbeassetoutintheAnnexhereto.
Article2
ThisRegulationshallenterintoforceon1April1995.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29March1995.
FortheCommission
FranzFISCHLER
MemberoftheCommission

30.3.95 IEN OfficialJournaloftheEuropeanCommunities NoL70/17
ANNEX
totheCommissionRegulationof29March1995fixingtheexportrefundsonoliveoil
(ECU/100kg)
Productcode Amountofrefund(")(2)
15091090100 42,00
15091090900 0,00
15099000100 50,50
15099000900 0,00
15100090100 9,50
15100090900 0,00
(')FordestinationsmentionedinArticle34ofamendedCommissionRegulation(EEC).No3665/87aswellasfor
exportstothirdcountries.
(2)RefundsonexportstotheFederalRepublicofYugoslavia(SerbiaandMontenegro)maybegrantedonlywhere
theconditionslaiddowninRegulation(EEC)No990/93areobserved.
NB:TheproductcodesandthefootnotesaredefinedinamendedCommissionRegulation(EEC)
No3846/87.