25.6.92 OfficialJournaloftheEuropeanCommunities NoL170/29
COMMISSION REGULATION (EEC)No1621/92
of24June1992
fixingtheexportrefundsonoliveoil
THECOMMISSION OFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,
HavingregardtoCouncilRegulationNo136/66/EECof
22September1966ontheestablishment ofacommon
organizationofthemarketinoilsandfats('),aslast
amendedbyRegulation(EEC)No1720/91(2),
HavingregardtoCouncilRegulation(EEC)No1650/86
of26May1986onexportrefundsandleviesonolive
oil(3),andinparticularthefirstsentenceofArticle3(1)
thereof,
HavingregardtotheopinionoftheMonetaryCommittee,
WhereasArticle20ofRegulationNo136/66/EEC
providesthat,wherepriceswithintheCommunityare
higherthanworldmarketprices,thedifferencebetween
thesepricesmaybecoveredbyarefundwhenoliveoilis
exportedtothirdcountries;
Whereasthedetailedrulesforfixingandgrantingexport
refundsonoliveoilarecontainedinRegulation(EEC)No
1650/86andCommission Regulation (EEC)No
616/72(4),aslastamendedbyRegulation(EEC)No
2962/770;
WhereasthefirstindentofArticle2ofRegulation(EEC)
No1650/86providesthattherefundmustbethesame
forthewholeCommunity ;
Whereas,inaccordancewithArticle4ofRegulation
(EEC)No1650/86,therefundforoliveoilmustbefixed
inthelightoftheexistingsituationandoutlookinrela­
tiontooliveoilpricesandavailabilityontheCommunity
marketandoliveoilpricesontheworldmarket;
Whereas,however,wheretheworldmarketsituationis
suchthatthemostfavourableoliveoilpricescannotbe
determined,accountmaybetakenofthepriceofthe
maincompetingvegetableoilsontheworldmarketand
thedifferencerecordedbetweenthatpriceandtheprice
ofoliveoilduringarepresentative period;
Whereastheamountoftherefundmaynotexceedthe
differencebetweenthepriceofoliveoilintheCommu­
nityandthatontheworldmarket,adjusted,whereappro­
priate,totakeaccountofexportcostsfortheproductson
theworldmarket:Whereas,inaccordancewithArticle5ofRegulation
(EEC)No1650/86,itmaybedecidedthattherefund
shallbefixedbytender;
Whereasthetenderingprocedureshouldcoverthe
amountoftherefundandmaybelimitedtocertaincoun­
triesofdestination,quantities,qualitiesandpresenta­
tions;
WhereasthesecondindentofArticle2ofRegulation
(EEC)No1650/86providesthattherefundonoliveoil
maybevariedaccordingtodestinationwheretheworld
marketsituationorthespecificrequirementsofcertain
marketsmakethisnecessary;
WhereasArticle3(1)ofRegulation(EEC)No1650/86
providesthattherefundmustbefixedatleastonceevery
month;whereasitmay,ifnecessary,bealteredinthe
interveningperiod;
Whereasitfollowsfromapplyingthesedetailedrulesto
thepresentsituationonthemarketinoliveoilandin
particulartooliveoilpriceswithintheCommunityand
onthemarketsofthirdcountriesthattherefundshould
beassetoutintheAnnexhereto;
Whereas,iftherefundsystemistooperatenormally,
refundsshouldbecalculatedonthefollowingbasis:
—inthecaseofcurrencieswhicharemaintainedinrela­
tiontoeachotheratanygivenmomentwithinaband
of2,25%,arateofexchangebasedontheircentral
rate,multipliedbythecorrectivefactorprovidedforin
thelastparagraphofArticle3(1)ofCouncilRegula­
tion(EEC)No1676/85(6),aslastamendedbyRegula­
tion(EEC)No2205/900,
—fortheothercurrencies,anexchangeratebasedonan
averageoftheecuratespublishedintheOfficial
JournaloftheEuropeanCommunities ,Cseries,over
aperiodtobedetermined,multipliedbythecoeffi­
cientreferredtointheprecedingindent;
WhereasbyitsRegulation(EEC)No1432/92(8)the
CouncilprohibitedtradebetweentheCommunityand
theRepublicsofSerbiaandofMontenegro ;thatitis
importanttotakeaccountofitatthetimeofthefixingof
therefunds;
WhereasthemeasuresprovidedforinthisRegulationare
inaccordancewiththeopinionoftheManagement
CommitteeforOilsandFats,
(')OJNo172,30.9.1966,p.3025/66.
OOJNoL162,26.6.1991,p.27.
(3)OJNoL145,30.5.1986,p.8.0OJNoL78,31.3.1972,p.1.0OJNoL348,30.12.1977,p.53.(6)OJNoL164,24.6.1985,p.1.
OOJNoL201,31.7.1990,p.9.
(")OJNoL151,3.6.1992,p.4.

NoL170/30 OfficialJournaloftheEuropeanCommunities 25.6.92
HASADOPTEDTHISREGULATION :
Article1
1.TheexportrefundsontheproductslistedinArticle
1(2)(c)ofRegulationNo136/66/EECshallbeassetout
intheAnnexhereto.2.ExportrefundstowardstheRepublicsofMontenegro
andSerbiaarenotfixed.
Article2
ThisRegulationshallenterintoforceon1July1992.
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,24June1992.
FortheCommission
RayMACSHARRY
MemberoftheCommission
ANNEX
totheCommission Regulationof24June1992fixingtheexportrefundson
oliveoil
(ECU/100kg)
Productcode Amountofrefund(')
15091090100 38,50
15091090900 64,00
15099000100 48,50
15099000900 79,00
15100090100 10,50
15100090900 42,00
(')FordestinationsmentionedinArticle34ofamendedCommissionRegulation(EEC)No3665/87aswellasfor
exportstothirdcountries.
NB:TheproductcodesandthefootnotesaredefinedinamendedCommissionRegulation(EEC)
No3846/87.