No L 163/16 Official Journal of the European Communities 6.7.93 COMMISSION REGULATION (EEC) No 1789/93 of 30 June 1993 opening an invitation to tender for the sale for export of baled tobacco held by the Greek and Italian intervention agencies THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 727/70 of 21 April 1970 on the common organization of the market in raw tobacco ('), as last amended by Regulation (EEC) No 860/92(3), and in particular Article 7 (4) thereof, Having regard to Council Regulation (EEC) No 3813/92 of 28 December 1992 on the value of the unit of account and the conversion rates to be applied for the purposes of the common agricultural policy (), and in particular Article 6 (2) thereof, Whereas Commission Regulation (EEC) No 3389/73 (), as last amended by Regulation (EEC) No 395/90 (%), lays down the procedure and conditions for the sale of tobacco held by intervention agencies ; whereas Article 5 (1) fixes the amount of the security applicable ; whereas account should be taken of the trend since then as regards the market and export refunds; Whereas, on account of the problems caused by the storage of baled tobacco, and in particular the cost of storage, an invitation to tender should be opened for the sale ‘of the tobacco for export, without refund; Whereas payment for all the lots is made before the tobacco is taken over; whereas it should be laid down that, at the request of the successful tenderer, the security is to be released progressively as the quantities of tobacco removed are exported ; Whereas experience has shown that a short time limit can be set and whereas there should therefore be a derogation from Article 3 of Regulation (EEC) No 3389/73 as regards the time limit of 45 days between the date of publication of the notice in the Official Journal of the European Communities and the date fixed for the submission of tenders, which should be reduced to 20 days; Whereas, in view of the special features of the tobacco sector, the operative events for the conversion rates should be the payment of the purchase price in the case of successful tenders and the publication of the notice of invitation to tender in the case of securities; whereas, (') OJ No L 94, 28. 4. 1970, p. 1. (3 OJ No L 91, 7. 4. 1992, p. 1. () OJ No L 387, 31. 12. 1992, p. 1. (% OJ No L 345, 15. 12. 1973, p. 47. () OJ No L 42, 16. 2. 1990, p. 46. therefore, there should be a derogation from Articles 10 (1) and 12 (4) of Commission Regulation (EEC) No 1068/93 () notwithstanding the advance fixing of the rate for the payment of the purchase price in accordance with Articles 13 to 17 of the said Regulation; Whereas the time limits for the successful tenderer to take over and export the tobacco should be fixed, having regard in particular to the quantities involved, experience gained and the requirements of sound financial manage- ment ; Whereas the measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Tobacco, HAS ADOPTED THIS REGULATION : Article 1 Eighteen lots of baled tobacco from the 1989 and 1990 harvest, held by the Greek and Italian intervention agen- cies, with a total weight of about 8 734 tonnes, broken down as shown in the Annex hereto, shall be sold for export. The quantity on sale shall be specified in the notice of invitation to tender. The Commission shall give notice of the sale of the lots in the notice of invitation to tender to be published in the Official Journal of the European Communities, C series. Article 2 The sale shall take place in accordance with the tendering procedure laid down in Regulation (EEC) No 3389/73, subject to the provisions of this Regulation. Article 3 The time limit for the submission of tenders at the head- quarters of the Commission of the European Communi- ties shall be indicated in the notice of invitation to tender. Notwithstanding  Article 3 of Regulation (EEC) No 3389/73, the notice of invitation to tender may be published in the Official Journal of the European Communities at least 20 days before the date fixed for the submission of tenders. () OJ No L 108, 1. 5. 1993, p. 106.