EUR-Lex - 31968R0784 - EN

ARTICLE 1

THE COMMISSION SHALL DETERMINE THE C.I.F . PRICES FOR WHITE SUGAR AND RAW SUGAR ON THE BASIS OF THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET . THESE PRICES SHALL BE CALCULATED IN ACCORDANCE WITH ARTICLES 2 TO 5 .

ARTICLE 2

WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET ARE BEING ESTABLISHED , ACCOUNT SHALL BE TAKEN OF ALL INFORMATION RELATING TO :

1 . OFFERS ON THE WORLD MARKET ,

2 . QUOTATIONS ON EXCHANGES WHICH ARE IMPORTANT TO THE INTERNATIONAL SUGAR TRADE ,

3 . PRICES RECORDED ON IMPORTANT MARKETS IN THIRD COUNTRIES ,

4 . SALES CONCLUDED IN INTERNATIONAL TRADE ,

WHICH IS KNOWN TO THE COMMISSION EITHER DIRECTLY OR THOUGH THE AGENCY OF THE MEMBER STATES .

ARTICLE 3

WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ARE BEING ESTABLISHED , INFORMATION SHALL BE DISREGARDED ,

1 . IF THE GOODS ARE NOT OF SOUND AND FAIR MARKETABLE QUALITY , OR

2 . IF THE POSSIBILITY OF OBTAINING THEM AT THE PRICE INDICATED IN THE OFFER RELATES ONLY TO A SMALL QUANTITY WHICH IS NOT REPRESENTATIVE OF THE MARKET , OR

3 . IF THE GENERAL TREND OF PRICES OR THE INFORMATION AVAILABLE TO THE COMMISSION LEADS THE LATTER TO ASSUME THAT THE PRICE INDICATED IN THE OFFER IS NOT REPRESENTATIVE OF ACTUAL MARKET TRENDS .

ARTICLE 4

1 . PRICES WHICH ARE NOT VALID FOR DELIVERY IN BULK C.I.F . ROTTERDAM SHALL BE ADJUSTED .

2 . WHEN THE ADJUSTMENT IS MADE , ACCOUNT SHALL BE TAKEN IN PARTICULAR OF THE DIFFERENCE IN THE COST OF TRANSPORTING THE GOODS BETWEEN THE PORT OF SHIPMENT AND THE PORT OF DESTINATION AND BETWEEN THE PORT OF SHIPMENT AND ROTTERDAM .

3 . IF THE PRICE RELATES TO GOODS IN BAGS IT SHALL BE REDUCED BY 0 06 UNITS OF ACCOUNT PER 100 KILOGRAMMES .

ARTICLE 5

1 . WHEN PRICES WHICH RELATE TO QUALITIES OTHER THAN THE STANDARD QUALITY ARE BEING ADJUSTED :

( A ) THE INCREASES OR REDUCTIONS FIXED IN ACCORDANCE WITH ARTICLE 9 OF REGULATION N 1009/67/EEC SHALL BE APPLIED TO WHITE SUGAR ;

( B ) THE CORRECTIVE FACTORS OBTAINED BY DIVIDING 92 BY THE PERCENTAGE YIELD OF THE SUGAR TO WHICH THE PRICE RELATES SHALL BE APPLIED TO RAW SUGAR .

2 . YIELD SHALL BE CALCULATED IN ACCORDANCE WITH THE METHOD DESCRIBED IN ARTICLE 1 ( 3 ) OF REGULATION ( EEC ) N 431/68 .

ARTICLE 6

A C.I.F . PRICE MAY , BY WAY OF EXCEPTION , BE LEFT UNCHANGED FOR A LIMITED PERIOD WHERE THE OFFER PRICE FOR A GIVEN QUALITY OR A SPECIFIC ORIGIN WHICH SERVED AS A BASIS FOR FIXING THE PREVIOUS C.I.F . PRICE IS NOT AVAILABLE TO THE COMMISSION WHEN THE NEXT C.I.F . PRICE IS TO BE FIXED AND WHERE THE OFFER PRICES WHICH ARE AVAILABLE AND WHICH THE COMMISSION CONSIDERS NOT TO BE SUFFICIENTLY REPRESENTATIVE OF ACTUAL MARKET TRENDS WOULD ENTAIL SUDDEN AND CONSIDERABLE CHANGES IN THE C.I.F . PRICE .

ARTICLE 7

WHERE THE OFFER PRICE FOR SUGAR WHICH HAS BEEN SPECIALLY TREATED OR SPECIALLY PACKED , AFTER DEDUCTION OF COSTS ATTRIBUTABLE TO SUCH SPECIAL TREATMENT OR PACKAGING AND ADJUSTMENT TO THE PRICE C.I.F . ROTTERDAM , IS LESS THAN THE C.I.F . PRICE ESTABLISHED PURSUANT TO ARTICLES 2 TO 6 , A SPECIAL C.I.F . PRICE BASED ON THE OFFER PRICE SHALL BE CALCULATED FOR THAT SUGAR .

ARTICLE 8

THIS REGULATION SHALL ENTER INTO FORCE ON THE DAY FOLLOWING ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

THIS REGULATION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 26 JUNE 1968 .

FOR THE COMMISSION

THE PRESIDENT

JEAN REY