EUR-Lex - 31968R0785 - EN

ARTICLE 1

STANDARD QUALITY MOLASSES SHALL :

( A ) BE OF SOUND AND FAIR MARKETABLE QUALITY ;

( B ) HAVE A TOTAL SUGAR CONTENT OF 48 % .

ARTICLE 2

THE COMMISSION SHALL DETERMINE THE C.I.F . PRICE FOR MOLASSES EACH WEEK ON THE BASIS OF THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET . THESE SHALL BE ESTABLISHED IN ACCORDANCE WITH ARTICLES 3 TO 7 .

ARTICLE 3

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 . PRICES RECORDED ON IMPORTANT MARKETS IN THIRD COUNTRIES ,

3 . SALES CONCLUDED IN INTERNATIONAL TRADE WHICH ARE KNOWN TO THE COMMISSION EITHER DIRECTLY OR THROUGH THE AGENCY OF THE MEMBER STATES .

ARTICLE 4

WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET 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 5

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 .

ARTICLE 6

PRICES DETERMINED WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ARE BEING ESTABLISHED AND WHICH DO NOT RELATE TO THE STANDARD QUALITY SHALL BE :

1 . INCREASED BY ONE FORTY-EIGHTH FOR EACH PERCENTAGE POINT OF TOTAL SUGAR CONTENT WHERE THE SUGAR CONTENT OF THE MOLASSES CONCERNED IS LESS THAN 48 % .

2 . REDUCED BY ONE FORTY-EIGHTH FOR EACH PERCENTAGE POINT OF TOTAL SUGAR CONTENT WHERE THE SUGAR CONTENT OF THE MOLASSES CONCERNED IS MORE THAN 48 % .

ARTICLE 7

WHEN THE MOST FAVOURABLE PURCHASING OPPORTUNITIES ON THE WORLD MARKET ARE BEING ESTABLISHED , AN AVERAGE OF SEVERAL PRICES MAY BE TAKEN AS A BASIS PROVIDED THIS AVERAGE CAN BE REGARDED AS BEING REPRESENTATIVE OF ACTUAL MARKET TRENDS .

ARTICLE 8

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 OF 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 9

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