31967R0633

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/EEC 1 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 Article 1 between the day on which the application for the 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 :

— reduced by not more than the difference between Whereas it would be inadvisable for the amount of the c.i.f. forward delivery price and the c.i.f. price refunds to vary too frequently, thus causing where the former exceeds the latter by more than uncertainty for those entitled to them, merely as a one unit of account per metric ton, result of small changes in world market quotations, 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

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 during the third month following that in which the The c.i.f. forward delivery price for this purpose shall 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