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Commission Regulation (EEC) No 1974/80 Article 18

Commission Regulation (EEC) No 1974/80 Article 18

Article 18

1. If the recipient makes the vessel available outside the period of loading specified or if the vessel is unsuitable for the cargo or if the circumstances referred to in the second subparagraph of Article 12 (6) arise, the costs resulting therefrom shall be determined in agreement with the Commission by the intervention agency and borne by the latter. Such additional costs may inter alia be the following: - storage and insurance costs, - costs of financing based on the normal rate prevailing in the Member State responsible for payment. Such costs shall be calculated for the period from the day following the end of the period fixed for shipment until the date on which loading is effectively completed. 2. Where, pursuant to Article 12 (7) the port of shipment is changed, the intervention agency responsible for payment shall agree with the successful tenderer any reduction or increase in the costs initially specified. If the costs initially specified are increased, the intervention agency concerned shall bear the increase with the prior agreement of the Commission.

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Other provisions in Commission Regulation (EEC) No 1974/80

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 18 of Commission Regulation (EEC) No 1974/80 (LawPlayer, data as of 2026-07-04)

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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