No L 145/8 Official Journal of the European Communities 30. 5. 86 COUNCIL REGULATION (EEC) No 1650/86 of 26 May 1986 on the refunds and levies applicable to exports of olive oil THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation No 136/66/EEC of 22 September 1966 on the establishment of a common organization of the market in oils and fats ('), as last amended by Regulation (EEC) No 1454/86 (%), and in particular Article 20 (2) thereof, Having regard to the proposal from the Commission, Whereas the export refund on olive oil must be fixed in accordance with certain criteria which will make it possible to cover the difference between quotations and prices for that product within the Community and those on the world market, while respecting the general aims of the common organization of the market in olive oil; whereas, to this end, the supply situation and prices for olive oil within the Community of Twelve and the price situation on the world market must be taken into account ; whereas, should it prove difficult to determine trends in the price of olive oil on the world market, the relationship between the world price for olive oil and the price for competing vegetable oils should be taken into account ; whereas account should also be taken of the costs of putting the product on the world market ; Whereas provision should be made for varying the amount of the refund according to the destination of the products, since markets in the countries of destination are at varying distances from Community markets and special conditions apply to imports in certain countries of desti- nation ; whereas provision should also be made for varying the amount of the refund according to the quality and presentation of the product; Whereas, to avoid distortions of competition between individual Community traders, the administrative condi- tions under which they operate must be identical throughout the Community ; Whereas, to guarantee Community exporters sufficient stability in the amount of the refund, fluctuations in olive oil prices being taken into account, the period for which the refund is to remain unchanged should be fixed at a maximum of one month, subject to any alterations made () OJ No 172, 30. 9. 1966, p. 3025/66. () OJ No L 133, 21. 5. 1986, p. 8. in the intervening period to ensure that the conditions described above are fulfilled ; Whereas information on the world market situation may prove to be insufficient to enable the export refund to be fixed according to the normal procedures ; whereas provi- sion should be made for the amount of the refund to be fixed by tender in such cases; Whereas, s far as levies on export are concerned, the provisions of Article 20 (2) of Regulation No 136/66/EEC must take it possible to prevent any speculative exports which might follow an increase in world prices and could disturb the Community market ; whereas this aim may be achieved by limiting the amount of the levy to the diffe- rence between the cif price and the representative market price for the product exported ; Whereas, in view of the successive amendments made to Council Regulation No 171/67/EEC of 27 June 1967 on export refunds and levies on olive oil (%), as last amended by the Act of Accession of 1979, that Regulation should, in the interests of clarity, be repealed and replaced by this Regulation ; whereas, however, provision should be made for a transitional measure on export refunds for olive oil granted in the form of an authorization to import olive oil from any levy, HAS ADOPTED THIS REGULATION : Article 1 This Regulation lays down the rules for fixing and gran- ting the refund and for fixing the levy on exports of olive oil. Article 2 .The refund shall be same for the whole Community. Where the world market situation or the specific require- ments of certain markets make it necessary, the refund may be varied according to the country of destination, the quality and the presentation of the products in question. The refund shall be granted by Member States on applica- tion by the person concerned. () OJ No L 130, 28. 6. 1967, p. 2600/67.