Commission Regulation (EEC) No 653/92 of 16 March 1992 on the unit of account and the conversion rate to be applied to tenders submitted in response to invitations to tender

COMMISSION REGULATION (EEC) No 653/92  of 16 March 1992  on the unit of account and the conversion rate to be applied to tenders submitted in response to invitations to tender
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 1676/85 of 11 June 1985 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (1), as last amended by Regulation (EEC) No 2205/90 (2),  and in particular Articles 2 (4), and 12 thereof,
Whereas, in order to encourage use of the ecu and to simplify and harmonize administrative procedures, tenders in response to invitations to tender organized in the framework of the common agricultural policy should be submitted in ecus, account being  taken of the correcting factor referred to in Article 2 (2) of Regulation (EEC) No 1676/85; whereas, however, account should be taken of the special provisions which apply to amounts financed by the EAGGF Guidance Section;
Whereas, in order to ensure equivalent conditions of competition for invitations to tender providing for the obligation to export the products concerned to third countries, it should be laid down that no monetary compensatory amounts may be applied to  exports of products obtained from intervention stocks and that the amounts quoted in tenders accepted must be converted into ecus using the representative market rate;
Whereas, in order to avoid the risk of market distortion of monetary origin, particularly in invitations to tender relating to certain processing, storage or transport costs, Article 2 (4) of Regulation (EEC) No 1676/85 provides for the possibility of a  derogation from the agricultural conversion rate; whereas in such cases the exchange rate to be used should be stated;
Whereas the conversion rate used to convert the securities required under invitations to tender must be close to that used for amounts quoted in tenders;
Whereas the measures provided for in this Regulation are in accordance with the opinions of the Management Committees concerned,