SINCE OFFER PRICES FOR MOLASSES OFTEN IMPLY TERMS OTHER THAN DELIVERY C.I.F . ROTTERDAM , PROVISION MUST BE MADE FOR AN ADJUSTMENT ;
WHEREAS IF PRICES WHICH ARE REPRESENTATIVE OF THE ACTUAL MARKET TREND ARE TO BE TAKEN INTO ACCOUNT FOR THE PURPOSE OF DETERMINING THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET , PARTICULARLY WHERE ONLY LIMITED INFORMATION IS AVAILABLE , THE COMMISSION SHOULD BE FREE TO BASE ITS CALCULATIONS ON AN AVERAGE OBTAINED FROM SEVERAL PRICES ;
WHEREAS TO AVOID DISTURBANCES OF THE COMMUNITY MARKET BY SUDDEN AND CONSIDERABLE ALTERATIONS IN THE LEVY WHICH DO NOT REFLECT ACTUAL PRICE MOVEMENTS ON THE WORLD MARKET , THE COMMISSION SHOULD BE ABLE , IN CERTAIN CIRCUMSTANCES AND FOR A LIMITED PERIOD , TO LEAVE A C.I.F . PRICE UNCHANGED AS AN EXCEPTIONAL MEASURE ;
WHEREAS THE MEASURES PROVIDED FOR IN THIS REGULATION ARE IN ACCORDANCE WITH THE OPINION OF THE MANAGEMENT COMMITTEE FOR SUGAR ;
HAS ADOPTED THIS REGULATION :
ARTICLE 1
STANDARD QUALITY MOLASSES SHALL :
( A ) BE OF SOUND AND FAIR MARKETABLE QUALITY ;
( B ) HAVE A TOTAL SUGAR CONTENT OF 48 % .
ARTICLE 2
THE COMMISSION SHALL DETERMINE THE C.I.F . PRICE FOR MOLASSES EACH WEEK ON THE BASIS OF THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET . THESE SHALL BE ESTABLISHED IN ACCORDANCE WITH ARTICLES 3 TO 7 .
ARTICLE 3
WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET ARE BEING ESTABLISHED , ACCOUNT SHALL BE TAKEN OF ALL INFORMATION RELATING TO :
1 . OFFERS ON THE WORLD MARKET ,
2 . PRICES RECORDED ON IMPORTANT MARKETS IN THIRD COUNTRIES ,
3 . SALES CONCLUDED IN INTERNATIONAL TRADE WHICH ARE KNOWN TO THE COMMISSION EITHER DIRECTLY OR THROUGH THE AGENCY OF THE MEMBER STATES .
ARTICLE 4
WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET ARE BEING ESTABLISHED , INFORMATION SHALL BE DISREGARDED :
1 . IF THE GOODS ARE NOT OF SOUND AND FAIR MARKETABLE QUALITY , OR
2 . IF THE POSSIBILITY OF OBTAINING THEM AT THE PRICE INDICATED IN THE OFFER RELATES ONLY TO A SMALL QUANTITY WHICH IS NOT REPRESENTATIVE OF THE MARKET , OR
3 . IF THE GENERAL TREND OF PRICES OR THE INFORMATION AVAILABLE TO THE COMMISSION LEADS THE LATTER TO ASSUME THAT THE PRICE INDICATED IN THE OFFER IS NOT REPRESENTATIVE OF ACTUAL MARKET TRENDS .
ARTICLE 5
1 . PRICES WHICH ARE NOT VALID FOR DELIVERY IN BULK C.I.F . ROTTERDAM SHALL BE ADJUSTED .
2 . WHEN THE ADJUSTMENT IS MADE , ACCOUNT SHALL BE TAKEN IN PARTICULAR OF THE DIFFERENCE IN THE COST OF TRANSPORTING THE GOODS BETWEEN THE PORT OF SHIPMENT AND THE PORT OF DESTINATION AND BETWEEN THE PORT OF SHIPMENT AND ROTTERDAM .
ARTICLE 6
PRICES DETERMINED WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ARE BEING ESTABLISHED AND WHICH DO NOT RELATE TO THE STANDARD QUALITY SHALL BE :
1 . INCREASED BY ONE FORTY-EIGHTH FOR EACH PERCENTAGE POINT OF