22. 1. 87 Official Journal of the European Communities No L 20/17 COMMISSION REGULATION (EEC) No 155/87 of 21 January 1987 amending Regulation (EEC) No 765/86 laying down detailed rules for the sale of butter from intervention stocks for export to certain destinations THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 804/68 of 27 June 1968 on the common organization of the market in milk and milk products (*), as last amended by Regula- tion (EEC) No 1335/86 (%), and in particular Article 6 (7) thereof, Whereas Commission Regulation (EEC) No 765/86 (%), as last amended by Regulation (EEC) No 3535/86 (*), set out arrangements for the sale of butter from intervention storage for export to certain destinations ; Whereas it is necessary to amend Article 1 of Regulation {EEC) No 765/86 in order to make it clear that, in accor- dance with the provisions of the Decision adopted on 31 May 1985 under the International Dairy Arrangement by the Committee on the Protocol relating to Milk Fat, only the sales contract with the country of destination need be concluded by 31 December 1986 at the latest; whereas consequently the monetary compensatory amounts appli- cable must be those valid on 31 December 1986; Whereas it should be specified that no refunds are appli- cable on butter exported, unaltered or after processing, under the arrangements introduced by Regulation (EEC) No 765/86; Whereas Article 6 (1) of Regulation (EEC) No 765/86 provides for the lodging of a tendering security of 25 ECU per tonne, which guarantees not only that the tender will not be withdrawn and that the butter will be removed, but also that the price will be paid; whereas, however, since payment of the price is guaranteed by the export of destination security mentioned in Article 7 (2) of the Regulation, provision should be made for release of the tendering security pro rata with the removal of butter within the time limit laid down; () OJ No L 148, 28. 6. 1968, p. 13. () OJ No L 119, 8. 5. 1986, p. 19. ¢) O No L 72, 15. 3. 1986, p. 11. (9 OJ No L 326, 21. 11. 1986, p. 17. ‘Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Milk and Milk Products, HAS ADOPTED THIS REGULATION : Article 1 Regulation (EEC) No 765/86 is hereby amended as follows : 1. In Article 1 (1) the date 31 December 1986 is deleted. 2. Article 1 (3) is replaced by the following : ‘3. The sales contract with the country of destina- tion must have been concluded by 31 December 1986 at the latest. Any sales contract concluded no later that 31 December 1986 shall be communicated to the Commission by 31 January 1987 at the latest.’ 3. In Article 3 (2) ‘second Tuesday’ is replaced by ‘fourth Tuesday’. 4. The following is added to Article S (3): d)  Proof is furnished that the tender is lodged in connection with a sales contract concluded by 31 December 1986 at the latest. The contract must be lodged with one of the intervention agencies concerned. These agencies shall take the necessary measures for informing each other of the contract(s) lodged.’ 5. The first sentence of Article 6 (1) is replaced by the following : ‘Under this Regulation the maintenance of the tender after expiry of the deadline for submission of tenders and removal of the butter shall constitute principal requirements fulfilment of which shall be ensured by the lodging of a security of 25 ECU per tonne.’ 6. Article 9 (2) is replaced by the following: ‘2. The application for the export licence and the licence itself shall carry in Section 12 the words ‘For export under Regulation (EEC) No 765/86’. 7. Article 9 (3) is replaced by the following: ‘3. Article 7 of Commission Regulation (EEC) No 2729/81 (') notwithstanding, the export licence shall remain valid throughout the duration of the opera- tions to be carried out under this Regulation.’