CELEX: 31967R0633
Language: en
Date: 1967-09-27 00:00:00
Title: Regulation No 633/67/EEC of the Commission of 27 September 1967 on the advance fixing of the export refund on cereals

272                                  Official Journal of the European Communities
  28.9.67                      OFFICIAL ■JOURNAL OF THE EUROPEAN COMMUNITIES                                       No 233/9
                               REGULATION No 633/67/EEC OF THE COMMISSION
                                                     of 27 September 1967
                                  on the advance fixing of the export refund on cereals
' THE     COMMISSION       OF   THE     EUROPEAN      COM- ■        Whereas Article . 3 of Commission Regulation No
   MUNITIES,                                                        473/67/EEC2 on import and export licences for
                                                                    cereals, processed cereal products, rice, broken rice
                                                                    and processed rice products provides that the export
  Having regard to the Treaty establishing the                      licence for common wheat and barley is normally
  European Economic Community ;                                     valid from the date of issue thereof until the end of
                                                                    the third month following that in which • it was
  Having     regard    to     Council     Regulation     No         issued ; whereas, however, in certain cases, the export
  120/67/EEC1 of 13 June 1967 on the common                       , licence for common wheat and barley is valid from
  organisation of the market in cereals, and in                     the date of issue thereof until the end of the fifth
  particular Article 16 (6) thereof;                                month following that in which it was issued ; whereas
                                                                    in such cases, when information is lacking on the
  Whereas     Article    16   of   the    above-mentioned           future market beyond three months , the amount of
  Regulation provides that, for exports of cereals, the             the refund fixed in advance for any export to be
  difference between quotations or prices on the world              made during the last two months of validity of the
  market and prices in the Community may be covered                 licence should be determined by reference to the
  by an export refund which may be fixed in advance ;               amount valid for the third month;
  whereas, in the case of advance fixing, the refund
  must be adjusted for the threshold price which will               Whereas the measures provided for in this Regulation
  be in force during the month in which export takes                are in accordance with the Opinion of the
  place and a corrective amount, fixed at the same                  Management Committee for Cereals ;
  time, must be applied to the refund;           *
  Whereas, in order to assess the amount of the .refund             HAS ADOPTED THIS REGULATION :
  to be granted when this is fixed in advance, the
  variation in world market prices which may occur
  between the day on which the application for the                                          Article 1
  licence is made and the month in which export takes
  place has to be estimated ; whereas the c.i.f. forward            When the export refund mentioned in the first
  delivery price reflects this variation and enables the            subparagraph of Article 16 (4) of Regulation No
  amount by which the refund valid on the day on                    120/67/EEC is fixed in advance, the refund shall be
  which the application for the licence is made to be               that which is applicable to an export on the day. on
  reduced or increased ;                                            which the licence is applied for :
  Whereas it would be inadvisable for the amount of                 — reduced by not more than the difference between
  refunds to vary too frequently, thus causing                          the c.i.f. forward delivery price and the c.i.f. price
  uncertainty for those entitled to them, merely as a                   where the former exceeds the latter by more than
  result of small changes in world market quotations,                   one unit of account per metric ton,
  whereas, therefore, without harming the interests of              — increased by not more than the difference
  those entitled, a limit should be set within which                    between the c.i.f. price and the c.i.f. forward
  variations in these quotations do not affect the                      delivery price where the former exceeds the latter
  amount of the refund ;                                                by more than one unit of account per metric ton.
                                                                    In the intervals between weekly fixings, the refund
  1 OJ No 117, 19.6.1967, p . 2269/67 .                             applicable in the case of advance fixing shall be
  2 OJ No 204, 24.8.1967, p . 16.                                   adjusted only when         application  of the      above
 ---pagebreak---                                     Official Journal of the European Communities                                 273
provisions would lead to its amount being altered by           in which it was issued, the amount of the refund
more than 0-125 units of account per metric ton.               fixed in advance in respect of an export of common
                                                              wheat and barley effected during the' last two months
The c.i.f. price for this purpose shall be that                of validity of the export licence shall, without
calculated in accordance with Article 3 of Regulation          prejudice to the adjustment provided for in Article
No 120/67/EEC .                                                16 (4) of Regulation No 120/67/EEC, be equal for
                                                               each product to that applying to an export effected
The c.i.f. forward delivery price for this purpose shall       during the third month following that in which the
                                                              licence was issued .
be that calculated in accordance with Article 3 (2) of
Regulation No 140/67/EEC based, however, in
respect of each month for which the export licence is                                  Article 3
valid, on the c.i.f. price calculated on the basis of
offers for shipment during the month in which the
export will be effected.                                       Commission Regulation No 196/67/EEC of 28 June
                                                               1967 on the advance fixing of the export refund on
                                                              cereals is hereby repealed .
                        Article 2
                                                              This Regulation shall enter into force on the third
Where the export licence is valid from the date of             day following its publication in the Official Journal­
issue until the end of the fifth month following that          of the European Communities.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 27 September 1967.
                                                                              For the Commission
                                                                                   The President
                                                                                     Jean REY