Commission Regulation ( EEC ) No 46/92 of 9 January 1992 on olive oil storage contracts for the 1991/92 marketing year

COMMISSION REGULATION (EEC) No 46/92  of 9 January 1992  on olive oil storage contracts for the 1991/92 marketing year
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the establishment of a common organization of the market in oils and fats (1), as last amended by Regulation (EEC) No 1720/91 (2), and in particular Article 20d (3) and (4)  thereof,
Whereas Article 20d (3) of Regulation No 136/66/EEC provides that, when certain conditions are met, a decision may be taken that producer groups and associations recognized pursuant to Council Regulation (EEC) No 1360/78 (3) may conclude storage  contracts for olive oil; whereas the market situation during the first month of the 1991/92 marketing year has been such that the conditions laid down by Commission Regulation (EEC) No 314/88 (4) are met; whereas permission to conclude storage contracts  should therefore be granted for the 1987/88 marketing year;
Whereas the aim behind private storage contracts is temporary withdrawal of products from a market in imbalance, without change of ownership, so that they can be put on the market again when the situation has returned to normal; whereas it should  therefore be specified that storage contracts may be entered into only for olive oil produced during the current marketing year;
Whereas only recognized groups and associations may be authorized to store oil produced by their members; whereas in order to enable them to refrain from marketing the oil that they hold aid should be granted;
Whereas the aim behind private storage must be the improved marketing of olive oil; whereas the period during which storage contracts may be concluded should therefore be restricted; whereas, moreover, the offering of oil for intervention on expiry of  the storage contract should be discouraged; whereas it is accordingly desirable to reduce the storage aid if the oil is subsequently offered for intervention;
Whereas it is desirable to specify that entitlement for a storage contract is annulled by the acceptance of an export declaration;
Whereas the Management Committee for Oils and Fats has not delivered an opinion within the time limit set by its chairman,