CELEX: 31977R1287
Language: en
Date: 1977-06-15 00:00:00
Title: Commission Regulation (EEC) No 1287/77 of 15 June 1977 on the putting up for sale of olive oil held by the Italian intervention agency

No L 148 / 18                           Official Journal of the European Communities                              16. 6. 77
                                  COMMISSION REGULATION (EEC) No 1287/77
                                                        of IS June 1977
                on the putting up for sale of olive oil held by the Italian intervention agency
THE COMMISSION OF THE EUROPEAN                                                              Article 2
COMMUNITIES,
                                                                  Particulars of the lots of oil offered for sale and the
Having regard to the Treaty establishing the European             place where they are stored shall be displayed at the
Economic Community,                                               central office of AIMA, Via Palestro 81 , Rome, Italy.
Having regard to Council Regulation No 136/66/EEC                 The invitation to tender shall be displayed from 16
of 22 September 1966 on the establishment of a                    June 1977.
common organization of the market in oils and
fats ('), as last amended by Regulation (EEC) No
 1 707/73 (2), and in particular Article 11 (5) thereof,                                    Article J
Whereas, pursuant to Article 11 ( 1 ) of Regulation No            The minimum selling price shall be as laid down in
 136/66/EEC, the Italian intervention agency bought                the Annex hereto.
in large quantities of olive oil during the 1975/76
marketing year ;
                                                                                            Article 4
Whereas Commission Regulation (EEC) No 1226/77
of 8 June 1977 on detailed rules for the sale of olive
oil held by intervention agencies (3) laid down the               The olive oil shall be sold by AIMA on 27 and 28
conditions for sale by tender on the Community                    June 1977.
market of olive oil ; whereas the state of the Italian
market in olive oil is at present favourable for the              AIMA shall supply the agencies responsible for
resale of part of the said oil ; whereas, in view of the          storage with a list of the lots remaining unsold.
state of the market, the sale by tender should take
place as soon as possible ;
                                                                                            Article 5
Whereas, to avoid the risk of disturbing the market,
the maximum quantity which may be awarded to a                    Tenders shall reach AIMA, Via Palestro 81 , Rome,
single participant in the tendering procedure should               Italy, not later than 2 p.m . (Italian time) on 26 June
be limited ;                                                       1977.
Whereas the measures provided for in this Regulation
are in accordance with the opinion of the Manage­                                           Article 6
ment Committee for Oils and Fats,
                                                                   No application for purchase shall be valid unless it is
                                                                   accompanied by a security of Lit 13 000 per 100 kilo­
HAS ADOPTED THIS REGULATION :                                     grams of extra virgin olive oil and Lit 8 000 per 100
                                                                   kilograms of olive-residue oil.
                           Article 1
                                                                                            Article 7
The Italian intervention agency, 'Azienda di Stato per
gli interventi nel mercato agricolo' hereinafter referred          However, where the total quantity in respect of which
to as 'AIMA', shall put up for sale by tender :                    a tenderer h^s offered the highest price exceeds 500
                                                                   tonnes for extra virgin olive oil and 1 500 tonnes for
— 5 000 tonnes extra virgin olive oil,                             olive-residue oil , the contract shall be awarded to that
— 6 000 tonnes olive-residue oil ,
                                                                   tenderer only in respect of the lot or lots the total
                                                                   contents of which do not exceed the said limit.
out of the intervention purchases made during the
 1975/76 olive oil marketing year, in accordance with
the provisions of this Regulation and of Regulation                Contracts for the quantities in excess of that limit
(EEC) No 1226/77.                                                  shall be awarded to the other tenderers, in descending
                                                                   order of offer price and subject to the said limit.
(') OJ No 172, 30 . 9. 1966, p. 3025/66.
(*) OJ No L 175, 29 . 6. 1973, p. 5.                               When determining the lot or lots to be excluded from
(3) OJ No L 141 , 9 . 6 . 1977, p. 20 .                            a particular award under the preceding paragraph, the
 ---pagebreak--- 16. 6. 77                              Official Journal of the European Communities                                  No L 148 / 19
Italian intervention agency shall choose the lot or lots                                          Article 9
for which the tenderer has offered the lowest price.
                          Article 8
The storage charge referred to in Article 1 5 of Regula­              This Regulation shall enter into force on the day of its
tion (EEC) No 1226/77 shall be Lit 1 000 per 100 kilo­                publication in the Official Journal of the European
grams .                                                               Communities.
              This Regulation shall be binding in its entirety and directly applicable in all Member
              States .
              Done at Brussels, 15 June 1977.
                                                                                 For the Commission
                                                                                   Finn GUNDELACH
                                                                                      Vice-President
                                                              ANNEX
                       Minimum selling price for olive oil held by the Italian intervention agency
              Extra virgin olive oil :     Lit 155 000 per 100 kilograms .
              15° olive-residue oil :       Lit 84 000 per 100 kilograms.
              In the case of olive-residue oil with a different degree of acidity, there shall be added or deducted as
              the case may be Lit 1 000 per 100 kilograms for each degree of acidity or fraction thereof less or
                                                           more than 15° .