No L 261/8 Official Journal of the European Communities 7. 9. 89 COMMISSION REGULATION' (EEC) No 2692/89 of 6 September 1989 laying down detailed rules for exports of rice to Réunion THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty. establishing the European Economic Community, Having regard to Council Regulation (EEC) No 1418/76 of 21 June 1976 on the common organization of the market in rice ("), as last amended by Regulation (EEC) No 1806/89 (), and in particular Articles 11a (6) and 27 thereof, Having regard to Council Regulation (EEC) No .1676/85 of 11 June 1985 on the value of the unit of account and - the conversion rates to be applied-for the: purposes of the common agricultural - policy (), as last amended - by Regulation (EEC) No 1636/87 (*), and in particular Article 2 (4) thereof, Whereas the subsidies must be fixed so as to cover the difference between the quotations and prices for the products in question in the Community and on the world market ; whereas to this end it is necessary to take into account the supply-situation on the island of Réunion and the price situation-for rice and broken rice on the world - market and in the Community; Whereas, in view -of the considerable fluctuations over periods of time in-quotations for rice and broken rice on the world market and the disparity between the prices at which these productsare offered by various countries on . that market, the subsidy should be fixed, in order to cover the difference between world prices and . prices in the Community, account being taken of forwarding costs, on the basis of the difference between representative prices - in the Community and the most favourable quotations on the world market; Whereas the special ‘arrangements laid down in Article 11a of Regulation (EEC) No 1418/76 for imports of rice to the French overseas department of Réunion include, to ensure equal treatment, a subsidy for rice coming from the Member States ; whereas, in order to give Community exporters stability in the amount of this subsidy, provision should be made to fix it in -advance; : Whereas the amount of the subsidy fixed in advance must be subject to adjustment in line with the threshold price ; whereas such adjustment of a subsidy fixed in advance for paddy or semi-milled rice can be effected only by applying the rates used for converting values pertaining to () OJ No L 166, 25. 6. 1976, p. 1. () O] No L 177, 24. 6. 1989, p. 1. () OJ No L 164, 24. 6. 1985, p. 1. () OJ No L 153, 13. 6. 1987, p. 1. a quantity of husked or milled rice into a value pertaining to the same quantity of rice at another stage of processing ; whereas the rates used should be those laid down in Article 1 of Regulation (EEC) No 467/67/EEC of . the Commission of 21 August 1967 fixing the conversion: rates, the processing costs and the value of the by-products for the various stages of rice processing (%), as last amended by Regulation (EEC) No 2325/88 (%) ; Whereas, "in order to prevent distortion of competition between operators in different Member States on. the conversion into national currency of the amount of the. subsidy fixed in ecus, the rates used should be those laid down by Commission Regulation {EEC) No 3294/86 of 29 October 1986 fixing the conversion rates to be applied - in respect of levies and refunds in the rice sector (), as last amended by Regulation (EEC) No 2654/89 (!), and the operative event for application of the rate should be specified, account being taken of the exceptional arrangement applicable to the island of Réunion; Whereas Article 11a (4) of Regulation (EEC) No 1418/76 provides that a subsidy may, if ‘appropriate, be set by tendering - procedure ; ' Whereas detailed rulés for such a tendering procedure should be laid down; Whereas, in order to ensure equal treatment for all interested parties in the Community, invitations-to tender -must be organized  in accordance with uniform principles ; whereas to this end publication in the Official Journal- of the European Communities of a decision concerning the opening of an invitation to-tender should be accompanied by a notice of invitation to tender; Whereas the purpose of fixing a subsidy by means of an invitation to tender is to permit better management of deliveries ; whereas to this end it is essential that tenders include: the information necessary for their assessment and are accompanied by certain formal undertakings ; Whereas- a maximum subsidy should be fixed ; whereas this method enables contracts to be awarded in respect of all the quantities concerned; Whereas there may be market situations in which it is clear from an examination of the economic aspects of the proposed exports that instead of fixing a subsidy the Commission should make no award ; () OJ No 204, 24. 8. 1967, p. 1. () OJ No L 202, 27. 7. 1988, p. 41. () OJ No L 304, 30. 10. 1986, p. 25. () OJ No L 255, 1. 9. 1989, p. 62.