Rights and obligations arising from awards
Article 48
1. If the sugar is intended for animal feed, awards shall: (a) confer the right to the issue of a certificate for the quantity for which the denaturing premium is awarded, showing in particular the denaturing premium specified in the tender; (b) entail the obligation to apply for such a certificate for that quantity to the intervention agency to which the tender was submitted. 2. If the sugar is intended for export, awards shall: (a) confer the right to the issue of an export licence for the quantity for which the export refund is awarded, showing in particular the export refund and, in the case of white sugar, the grade specified in the invitation to tender; (b) entail the obligation to apply for such a licence for that quantity and, in the case of white sugar, that grade, to the intervention agency to which the tender was submitted. 3. Rights shall be exercised and obligations fulfilled within 18 days following expiry of the time limit for submission of tenders. 4. Rights and obligations arising from awards shall not be transferable.