L105/6 Official Journal of the European Communities 3.5.2000 COMMISSION REGULATION (EC) No 907/2000 of 2 May 2000 laying down detailed rules for the application of Council Regulation (EC) No 12541999 as regards aid for private storage in the beef and veal sector THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 12541999 of 17 May 1999 on the common organisation of the market in beef and veal ('), and in particular Article 26(5), Article 41 and Article 48(2) thereof, Whereas: 1) ( ( ( ( ( B ) ’) v 5 Regulation (EC) No 1254/1999 provides for market support in the form of private storage aid for beef and veal. However, from 1 July 2002, such aid will only be available where the average Community price for carcases of male bovine animals falls below 103 % of the basic price. In order to take account of the new arrange- ments and in the interests of clarity, it is necessary to recast Commission Regulation (EEC) No 3445/90 of 27 November 1990 laying down detailed rules for granting private storage aid for beef and veal (?), as last amended by Regulation (EC) No 3533/93 (). If it is to achieve its purpose, private storage aid should be granted only to natural or legal persons established in the Community whose activities and experience in the sector offer sufficient certainty that storage will be effected in a satisfactory manner and who have adequate cold storage capacity within the Community. For the same reasons, aid should be granted only for the storage of products of sound and fair merchantable quality having obtained the health mark referred to in Chapter XI of Annex I to Council Directive 64/433/EEC of 26 June 1964 on health conditions for the produc- tion and marketing of fresh meat (¥, as last amended by Directive 95/23/EC (°). The products should be of Community origin and be derived from animals raised in conformity with the prevailing veterinary requirements. Furthermore, the meat should comply with the maximum  radioactivity levels permitted under Community law. The market situation and its future development could make it opportune to invite the contracting party to designate his stocks for export from the moment at which they are placed in storage: it is appropriate, if he L 160, 26.6.1999, p. 21. L 333, 30.11.1990, p. 30. L 321, 23.12.1993, p. 9. 121, 29.7.1964, p. 2012/64. L 243, 11.10.1995, p. 7. (10) does so, to determine the conditions under which the meat which is the subject of a storage contract could be simultaneously placed under the arrangements contained in Article 5 of Council Regulation (EEC) No 565/80 of 4 March 1980 on the advance payment of export refunds in respect of agricultural products (), as amended by Regulation (EEC) No 2026/83 ('), in order to qualify for the advance payment of export refunds. To make the scheme more effective, contracts should relate to a certain minimum quantity, differentiated by product as appropriate, and the obligations to be fulfilled by the contracting party should be specified, in particular those enabling the intervention agency to make an effective inspection of storage condition. The amount of the security designed to ensure compli- ance with the contractual obligations should be fixed as a percentage of the aid. Pursuant to Commission Regulation (EEC) No 2220/85 of 22 July 1985 laying down common detailed rules for the application of the system of securities for agricul- tural products (%), as last amended by Regulation (EC) No 1932/1999 (°), the primary requirements to be met for the release of the security should be defined. Storing the contracted quantity for the agreed period constitutes one of the primary requirements for the granting of private storage aid for beef and veal. To take account of commercial practice and for practical reasons, a certain margin of tolerance in respect of the aid quantity should be permitted. A measure of proportionality should apply in the release of the security and the granting of aid where certain requirements relating to the quantities to be stored are not met. In order to improve the efficiency of the scheme, the contracting party should be permitted to receive an advance payment of aid subject to a security, and rules should be laid down regarding the submission of applications for aid, the supporting documents to be produced, and the time limit for payment. Rules should be laid down for determining the exchange rates to be applied on amounts of aid and on securities. 62, 7.3.1980, p. 5. 199, 22.7.1983, p. 12. 205, 3.8.1985, p. 5. 240, 10.9.1999, p. 11.