My bookmarksSign up free

2002/868/EC: Commission decision of 17 July 2002 on the aid… Article 2

Article 2

1. In addition to the procedures proposed by Italy, individual aid amounts must be calculated in a transparent way based on objective criteria, as specified in particular in paragraphs 2 to 6. 2. The calculation of the aid amount must to be limited to the minimum necessary. Account is to be taken, in line with the conditions of this aid scheme of the actual period during which an aid recipient has suffered loss of revenue due to the scrapping of a tanker. 3. The Italian authorities must provide the Commission in particular with detailed reports for each beneficiary and vessel, regarding the method of calculation and the amount of tonnage in the beneficiary's possession during a period of at least one year after the granting of the aid. The first report is to be forwarded within two months of the notification of this Decision. 4. Before the scheme may be implemented fully, any margin of discretion concerning the choice of eligible vessels and the extent to which they may benefit from this scheme has to be eliminated. 5. The calculation of the individual aid amounts has to be made public to all aid recipients. 6. Individual aid recipients and companies which have applied for aid need to be granted the possibility to appeal.

Read the full instrument →

Other provisions in 2002/868/EC: Commission decision of 17 July 2002 on the aid…

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 2 of 2002/868/EC: Commission decision of 17 July 2002 on the aid… (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.

What to look at next