CELEX: 31978D0008
Language: en
Date: 1977-12-01 00:00:00
Title: Commission Decision of 1 December 1977 on the sale of olive oil residues held by the Italian intervention agency

No L 8 / 16                             Official Journal of the European Communities                                11 . 1 . 78
                                                  COMMISSION DECISION
                                                      of 1 December 1977
                  on the sale of olive oil residues held by the Italian intervention agency
                                                (Only the Italian text is authentic)
                                                            (78/8/EEC)
THE COMMISSION OF THE EUROPEAN                                       HAS ADOPTED THIS DECISION :
COMMUNITIES,
                                                                                             Article 1
Having regard to the Treaty establishing the European                1 . The Italian intervention agency (Azienda di Stato
Economic Community,
                                                                     per gli interventi nel mercato agricolo), hereafter
Having regard to Council Regulation No 136/66/EEC                    called 'AIMA', is hereby authorized to sell for the best
of 22 September 1966 on the establishment of a                       price it can obtain a quantity of approximately 550
common organization of the markets in oils and                       tonnes of vat bottom residues which it is holding as a
fats ('), as last amended by Regulation (EEC) No                     result of its purchases on the olive oil market during
1707/73 (2), and in particular Article 11 (5) thereof,               the 1975/76 marketing year.
Whereas during the marketing year 1976/77 approxi­                   2. The notice of sale shall be displayed by AIMA at
mately 57 000 tonnes of olive oil of all qualities held              its head office at Via Palestro 81 , Rome, Italy, for at
by the Italian intervention agency were sold by                      least 10 days before the date set for the sale.
tender ; whereas following these sales the intervention              3.     Sale of the product referred to in paragraph 1
agency holds in stock a quantity of vat bottom resi­                 shall be effected before 31 January 1978 . Delivery of
dues ; whereas these residues contain a considerable                 the product sold must take place before 31 March
percentage of oil ; whereas correct management of the                1978 .
intervention agency's purchases of olive oil requires                AIMA      shall inform  the   Commission    as  soon     as
that these residues should therefore be sold ;
                                                                     possible of the outcome of the sale .
Whereas for commercial reasons, notably* the fact that
there is no well-defined market or price system for                                          Article 2
the product in question, it is not advisable to use the              This Decision is addressed to the Italian Republic.
sale by tender procedure previously adopted for olive
oil ; whereas the intervention agency should therefore               Done at Brussels, 1 December 1977 .
be authorized to sell the product for the best price it
can obtain ;                                                                                   For the Commission
Whereas the measures provided for in this Decision                                              Finn GUNDELACH
are in accordance with the opinion of the Manage­
ment Committee for Oils and Fats,                                                                  Vice-President
(!) OJ No 172, 30 . 9 . 1966, p. 3025/66.
(2) OJ No L 175, 29 . 6 . 1973, p . 5 .