31. 12. 87 Official Journal of the European Communities No L 386/9 COMMISSION REGULATION (EEC) No 4116/87 of 21 December 1987 fixing the reference prices for fishery products for the 1988 fishing year 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 Regula- tion (EEC) No 3759/87 (3, and in particular the first subparagraph of Article 21 (6) thereof, Whereas Article 21 (1) of Regulation (EEC) No 3796/81 provides, among other things, for reference prices valid for the Community to be fixed each year, by product cat- egory, for the products specified in Annexes I, 1, III, IV (B) and V to that Regulation ; Whereas' Article 21 (2) of Regulation (EEC) No 3796/81 provides that the reference price for the products speci- fied in Annex I (A), (D) and (E) thereto must be equal to the withdrawal and selling prices fixed in accordance with Article 12 (1) thereof ; Whereas the Community withdrawal and selling prices for the products concerned were fixed for the 1988 fishing year by Commission Regulation (EEC) No 4115/87 (); ' - Whereas the reference prices for the products specified in Annex II to Regulation (EEC) No 3796/81 must be derived from their guide prices by reference to the price level at which the intervention measures provided for in Article 16 (1) thereof may be taken, and fixed taking account of the situation on the market in those products ; whereas the reference prices for those products should therefore be 85 % of the guide prices fixed by Council Regulation (EEC) No 3764/87 (%); Whereas the reference prices for the tuna specified in - Annex III to Regulation (EEC) No 3796/81 are based on the weighted average of the free-at-frontier prices recorded on the most representative markets in the Member States during the three preceding years; Whereas the reference prices for the products specified in Annexes I (B) and (C) and IV (B) to Regulation (EEC) No 3796/81 are determined on the basis of the average of the reference prices for the fresh product, account being taken of the processing costs and of the need to ensure a price relationship in keeping with the market situation ; Whereas, for the frozen and salted products specified in Annex V to Regulation (EEC) No 3796/81 for which no reference price is fixed for the fresh product, the reference prices are determined on the basis of the reference price applied to a commercially similar fresh product; Whereas, given the quantities of certain frozen and salted products and the conditions governing their importation, it does not appear necessary to fix a reference price for such products in the immediate future; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Fishery Products, HAS ADOPTED THIS REGULATION : Article 1 The reference prices for the 1988 fishing year for the products specified in Annexes I, IL, IIL, IV (B) and V to Regulation (EEC) No 3796/81 shall be as shown in the Annex hereto. Article 2 This Regulation shall entér into force on 1 January 1988. This Regulation shall be binding in its entirety and direétly applicable in all Member States. Done at Brussels, 21 December 1987. () OJ No L 379, 31. 12. 1981, p. 1. () OJ No L 359, 21. 12. 1987, p. 1. (}) See page 1 of this Official Journal. () OJ No L 355, 17. 12. 1987, p. 4. " For the Commission Anténio CARDOSO E CUNHA Member of the Commission.