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1. This Title lays down the detailed rules for granting the compensatory aid referred to in Article 3 of Regulation (EC) No 2800/98. 2. The maximum amounts of compensatory aid shall be determined in accordance with Article 5(2) of Regulation (EC) No 2799/98.
The maximum level of the aid shall be converted, in the case of the Member States participating in the euro, into national currency units using the conversion rates irrevocably fixed by the Council in accordance with the first sentence of Article 109l(4) of the Treaty and, in the case of Member States not participating in the euro, into the national currency using the exchange rate on the date of the operative event.
The maximum amount of the compensatory aid referred to in Article 4(2) resulting from a reduction in the agricultural conversion rate frozen until 1 January 1999 shall be increased by the inverse of the relation between the rate referred to in Article 5 and the agricultural conversion rate referred to above.
Article 10(2), (3), (4) and (5) of Regulation (EC) No 2808/98 shall apply to compensatory aid under this Title. TITLE III General and transitional provisions
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