CELEX: 31976L0872
Language: en
Date: 1976-11-16 00:00:00
Title: Council Directive 76/872/EEC of 16 November 1976 amending Directive 75/432/EEC on aid to shipbuilding

20 . 11 . 76                         Official Journal of the European Communities                         No L 320/27
                                                            II
                                        (Acts whose publication is not obligatory)
                                                    COUNCIL
                                                                         *■
                                                COUNCIL DIRECTIVE
                                                 of 16 November 1976
                             amending Directive 75/432/ EEC on aid to shipbuilding
                                                      (76/872/ EEC)
THE COUNCIL OF THE EUROPEAN                                      Whereas Directive 75/432/ EEC should be amended
COMMUNITIES,                                                    accordingly,
Having regard to the Treaty establishing the European
Economic Community, and in particular Articles 92
                                                                HAS ADOPTED THIS DIRECTIVE :
(3) (d) and 1 1 3 thereof,
Having regard to the proposal from the Commission ,                                    Article 1
Whereas Council Directive 75/432/EEC of 10 July
1975 on aid to shipbuilding (') establishes a new cate­         The following fourth indent is added to Article 2 (2)
gory of aid which may be considered compatible with             (b) of Directive 75/432/EEC :
the common market ;                                                 '— in the United Kingdom , in the form of a
Whereas Directive 75/432/EEC stipulates uniform                         scheme of cost escalation insurance, provided
principles, as required by Article 113, for the applica­                that the terms of the scheme are made progres­
tion of the schemes of cost escalation insurance for                    sively more restrictive .'
exports of ships to third countries ;
                                                                                       Article 2
Whereas, more particularly, Article 2 (2) (b) and (3) of
Directive 75/432/ EEC specify the terms on which                This Directive is addressed to the Member States .
such schemes may be operated ;
Whereas the United Kingdom scheme of cost escala­
tion insurance is designed to facilitate the reorganiza­        Done at Brussels, 16 November 1976.
tion of the structure of the United Kingdom ship­
building industry by keeping enough business going
                                                                                             For the Council
for the reorganization to be conducted in an orderly
and progressive fashion ; whereas it may therefore be                                         The President
brought within the Directive if it conforms to these
uniform principles ;                                                                        M. van der STOEL
(') OJ No L 192, 24 . 7 . 1975, p. 27 .