EUR-Lex - 31968R0447 - EN

Article 1

1. Offers for intervention shall be made in writing to the intervention agency of the producer Member State on whose territory the sugar is held in store when the offer is made.

1. Only sugar held in an approved warehouse when the offer is made may be taken over. Warehouses shall be approved by the competent authority of the Member State concerned.

Article 2

The intervention agency shall buy in sugar only if the party making the offer has been allocated a basic quota.

Article 3

1. Sugar bought in by an intervention agency shall be sold by tender. 1OJ No 308, 18.12.1967, p. 1.

1. Invitations to tender shall be subject to authorisation. The terms of the invitation to tender, including the intended use of the sugar to be disposed of shall be determined when the authorisation is granted.

1. The terms of the invitation to tender must guarantee equal access and treatment for all interested parties irrespective of the place of their establishment within the Community.

Article 4

1. If the terms of the invitation to tender do not specify a minimum offer price, this price shall be fixed in accordance with the procedure laid down in Article 40 of Regulation No 1009/67/EEC after tenders have been submitted.

1. When the tenders have been examined the minimum offer price shall be fixed in the light of market conditions, future disposal opportunities and the costs of exporting the quantities concerned.

1. Tenders showing a price which is lower than the minimum offer price shall be rejected by the agency which issued the invitation.

Article 5

Should special circumstances make this necessary, sales procedures other than those provided for in Article 3 may be determined in accordance with the procedure laid down in Article 40 of Regulation No 1009/67/EEC.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Luxembourg, 9 April 1968.

For the Council

The President

E. FAURE