No L 307/18 Official Journal of the European Communities 20. 12. 95 COMMISSION REGULATION (EC) No 2932/95 of 19 December 1995 opening an invitation to tender for the sale for export of baled tobacco held by the Greek intervention agency THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European 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 (%), 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 (%), as last amended by Regulation (EC) No 150/95 (), and in particular Article 6 (2) thereof, Whereas Commission Regulation (EEC) No 3389/73 (%), as last amended by Regulation (EC) No 3477/93 (%), 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, therefore, there should be a derogation from Articles 10 () OJ No L 94, 28. 4. 1970, p. 1. ) O No L 91, 7. 4. 1992, p. 1. () OJ No L 387, 31. 12. 1992, p. 1. (9 OJ No L 22, 31. 1. 1995, p. 1. 5 O] No L 345, 15. 12. 1973, p. 47. () OF No L 317, 18. 12. 1993, p. 30. (1) and 12 (4) of Commission Regulation (EEC) No 1068/93 (), as last amended by Regulation (EC) No 2853/95 (}) 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 Four lots of baled tobacco from the 1990 until 1992 harvest, held by the Greek intervention agency, with a total weight of about 1 204 tonnes, broken down as shown in the Annex hereto, shall be sold for export. The quan- tity 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 Furopean 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 Commun- ities 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. o L 108, 1. 5. 1993, p. 106. o L 299, 12. 12. 1995, p. 1. 33 00 — zZ2Z