23. 7. 92 Official Journal of the European Communities No L 207/15 COMMISSION REGULATION (EEC) No 2025/92 of 22 July 1992 on detailed rules for the application of the specific supply measures for the Canary Islands as regards olive oil and establishing the forecast supply balance THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 1601/92 of 15 June 1992 concerning specific measures for the Canary Islands with regard to certain agricultural products (!), and in particular Article 10 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 rate to be applied for the purposes of the common agricultural policy (?), as last amended by Regu- lation (EEC) No 2205/90 (%), and in particular Article 12 thereof, Whereas common detailed rules for implementation of the specific arrangements for the supply of certain agri- cultural products to the Canary Islands are laid down by Commission Regulation (EEC) No 1695/92(%); Whereas Commission Regulation (EEC) No 3719/88 (%), as last amended by Regulation (EEC) No 1599/90 (¥) lays down in particular detailed rules for the application of the system of import licences ; Whereas, pursuant to Article 2 of Regulation (EEC) No 1601/92 the forecast supply balance for olive oil for the Canary Islands until the end of the present marketing year should be drawn up ; whereas this must permit inter- changeability of the quantities set for certain products and must if necessary be reviewed in line with the islands’ actual requirements ; Whereas under the terms of Article 3 of Regulation (EEC) No 1601/92 the Canary Islands’ olive oil requirements in terms of quantity, price and quality are to be met by mobilization of Community products on terms equivalent for the end user to exemption from import duties; whereas this requires the granting of aid on Community supplies ; whereas this aid must reflect the costs of the various sources of supply and the prices of exports to third countries ; whereas this will involve differentiating the aid by type of product; () OJ No L 173, 27. 6. 1992, p. 13. () O] No L 164, 24. 6. 1985, p. 1. () OJ No L 201, 31. 7. 1990, p. 9. () OJ No L 179, 1. 7. 1992, p. 1. () OJ No L 331, 2. 12. 1988, p. 1. (9 OJ No L 151, 15. 6. 1990, p. 29. Whereas the Member State in question should designate the authority responsible for issuing import licences and aid certificates, receiving aid applications and paying aid ; . Whereas a time schedule should be set for the lodging of applications for licences and certificates and the terms of acceptability of applications, particularly in regard to the lodging of security, whereas the periods of validity of import licences and aid certificates should be set in line with supply requirements and administrative needs; whereas accordingly, given the special situation of the Canary Islands, a longer period of validity for aid certifi- cates should be granted; Whereas the arrangements introduced by Regulation (EEC) No 1601/92 came into force on 1 July 1992; whereas the detailed rules of application must be effective from the same date; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Oils and Fats, HAS ADOPTED THIS REGULATION : Article 1 1. Pursuant to Articles 2 and 3 of Regulation (EEC) No 1601/92 the quantities of olive oil covered by the forecast supply balance which qualify, during the period 1 July to 31 October 1992, for exemption from duties on imports from third countries or for Community aid shall be those shown in the Annex. Without prejudice to possible review during the period for which the balance is valid, the quantities set for each type of oil may be exceeded by 20 % provided that the overall quantity is not exceeded. 2.  Pursuant to Article 3 (2) of Regulation (EEC) No 1601/92 the aid granted on olive oil of Community origin under the specific supply arrangements for the Canary Islands shall be equal, for each type of oil, to the average of the maximum export refund amounts set by tendering procedure for oil in small containers in the course of the month preceding that of submission of the certificate application, adjusted, where appropriate, by the accession compensatory amounts in force in the Member State of dispatch in respect of third countries, plus ECU 1 per 100 kg. .