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Commission Regulation (EC) No 37/2007Show full title
Commission Regulation (EC) No 37/2007 of 17 January 2007 amending Regulation (EC) No 990/2006 opening standing invitations to tender for the export of cereals held by the intervention agencies of the Member States
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Article 1
Article 10(2) of Regulation (EC) No 990/2006 is hereby replaced by the following text:
‘2.Notwithstanding Article 17(1) of Regulation (EEC) No 2131/93, the obligation to export shall be covered by a security equal to the difference between the intervention price applying on the day of the award and the price awarded, but not less than EUR 50 per tonne for rye and EUR 25 per tonne in the case of other cereals. Half of this security shall be lodged when the export licence is issued and the balance shall be lodged before the cereals are removed from the place of storage.’
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