No L 155/36 Official Journal of the European Communities 26. 6. 93 COMMISSION REGULATION (EEC) No 1621/93 of 25 June 1993 laying down detailed rules for the application of Council Regulation (EEC) No 1766/92 regarding the system for fixing the import levies for cereals THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 1766/92 of 30 June 1992 on the common organization of the market in cereals ('), and in particular 9 to 12 thereof; Whereas pursuant to Article 10 of Regulation (EEC) No 1766/92 a levy equal for each product to the thre- shold price less the cif price is charged on imports of the products listed in Article 1 (1) (a), (b) and (c), export malt ; whereas the cif prices are calculated for Rotterdam on the basis of the most favourable purchasing opportunities on the world market ; whereas, to that end, the Commission must take account of all the prices charged on the world market of which it is aware, and also of all the prices quoted on the major international commodities exchanges ; whereas, however, when it is clear from the information available to the Commission that certain prices are not representative of real market trends either because of the quality of the goods, or'because of quanti- tative restrictions, or because the price announced is not based on normal market conditions, then such prices may be disregarded ; whereas account should also be taken of prices not made at Rotterdam by applying a correction to take account of differences in transport costs for other ports in relation to Rotterdam ; Whereas, it is advisable when the coefficients of equiva- lence are being determined, that they should be based on the characteristics and prices of the different qualities of products usually offered on the world market and that, in the case of flour, account should be taken of the moisture and ash content as well as its baking value; Whereas if qualities of products not mentioned in this Regulation are offered on the world market, the Commis- sion must be in a position to apply new or different coef- ficients of equivalence for a given period until this Regu- lation is amended to bring it up to date; Whereas the cif price should remain unchanged where the prices or quotations have not been made known to the Commission, or if they are not representative, or to prevent the Community market from being disturbed by () OJ No L 181, 1. 7. 1992, p. 21. sudden fluctuations in the levies which do not reflect real market trends; Whereas, where no information is available to the Commission on offer prices for wheat, meslin and rye flour or wheat groats and meal the Commission should be able to calculate the cif prices for those products by applying a conversion rate to the basic cereal used for the manufacture of the products; Whereas, for certain products falling within CN code 1107, it is necessary to determine the fixed component provided for in Article 11 (1) (B) of Regulation (EEC) No 1766/92; Whereas the common threshold price is the Community market’s sole protection, whereas, if imports were to enter that market at prices below the threshold price, the normal disposal of homegrown cereals would be seriously threatened ; whereas it is therefore necessary, where the levy has been fixed in advance, to fix the premium provided for in Article 12 (2) of Regulation (EEC) No 1766/92 so that the product imported under this procedure may enter the Community under conditions which cannot disturb its balance ; whereas to this end premium needs to cover the difference between the cif price and a cif forward delivery price, where the latter is lower than the former, determined on the basis of prices reflecting the real trend of the future market; Whereas, in order to prevent the procedure for fixing levies from becoming excessively complex, a minimum level should be fixed below which fluctuations in cif prices, premiums or threshold prices give rise to no adjustments to the levy; Whereas, pursuant to Article 12 (3) of Regulation (EEC) No 1766/92, the products listed in Article 1 (1) (c) of that Regulation may be made subject, in whole or in part, to the provisions for the advance fixing of the levy ; whereas major fluctuations in world-market prices make it difficult to conclude long-term contracts in accordance with the requirements and customary practices of the international trade in those products ; whereas, to permit the traditional importation' of those products into the Community despite those circumstances, advance fixing of the levy should be extended to those products, whereas, when the levy is fixed in advance, a premium should be charged to ensure that imported flour does not, when reaching the Community market, jeopardize the equilibrium of the market ;