No L 228/10 Official -Journal of the European Communities 5.8.89 COMMISSION REGULATION (EEC) No 2415/89 of 3 August 1989 laying down detailed rules of application for the granting of private storage aid for certain fishery products THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, } Having regard to Council Regulation (EEC) No 3796/81 of 29 December 1981 on the common organization of the market in fishery products(!), as last amended by Regulation (EEC) No 1495/89 (3), and in particular Article 16 (4) thereof, Whereas Regulation (EEC) No 3796/81. provides. for private storage aid to be granted to producers’ organi-- zations in respect of the products listed in Annexes IT and - III to the said Regulation; whereas such aid may be granted if the average prices realized during a significant period are below a given level ; : Whereas, to determine those prices, it is necessary to define what is meant by the selling price realized by the producers’ organizations or their members within the framework of the present arrangements ; Whereas the significant period to be taken into account for appraisal of the market in question should be defined ; Whereas the storage aid may be granted only in respect of products originating in the Community; whereas it is therefore necessary to specify how Community origin.is to be established ; - Whereas, to help ensure product quality and to facilitate the disposal of . the products- on the market, the requirements to be satisfied by operations-qualifying for the . aid should be laid down, together with the requirements for the storage and return to the market of the products concerned ; Whereas the technical and .financial costs - of storage should be defined ; Whereas granting of the aid should be made conditional on the submission of a written undertaking- by the producers’ ~organizations to.. comply with the relevant provisions ; ‘ Whereas the storage .period to be taken into account when granting the aid- should be determined; Whereas, to increase the efficiency of checks,” the recipients of the aid must keep stock records; whereas () OJ No L 379, 31. 12. 1981, p. 1. () O] No L 148, 1. 6. 1989, p. 1. these records must contain at least the information necessary for the purposes of the said checks; Whereas the procedure for submitting applications for the payment of private storage aid should be laid down; Whereas the procedure should also be laid down for the grant of advance payments, and the amount of the relevant security should be specified ; Whereas minor infringements of the rules concerning private storage aid should not involve total withdrawal of the right to the aid but only a standard reduction thereof ; Whereas, to ensure the correct functioning of this system, the frequency and details of the notifications to be made by the producers’ organizations and Member States should be laid down; Whereas the conversion rate applicable to-the aid in question must be fixed ; Whereas the- Management Committee for Fishery : Products has not delivered an opinion within the time limit set by its. chairman, HAS ADOPTED THIS REGULATION : . Article 1 This Regulation lays down detailed rules of application for the granting of the private storage aid referred to in- Article 16 of Regulation (EEC) No 3796/81, hereinafter referred to as the ‘basic Regulation’. Article 2. The grant of the private storage aid, the period for which it is granted, the products concerned and the amount of the aid shall be determined by means of a Regulation adopted in accordance with the procedure laid down in. “Article 33 of the basic Regulation, where it has been ascertained that the conditions laid down in Article 16 (1) of the basic Regulation are met. Article 3 1. The average prices referred to in Article 16 (1) (a) of- the basic Regulation shall bé determined on the basis of the selling prices invoiced by the producers’ organizations or their members at the stage of first-hand sale in the Community. . This selling price shall be fixed :