CHAPTER VCOMMON RULES FOR EXPORT AND IMPORT LICENCES
SECTION 1Issue of licences and security
Article 12Security
F21
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2
For the products falling within CN code 1701, the licence holder shall lodge a supplementary security if:
a
the obligation to export arising from export licences, other than those issued under an invitation to tender opened in the Community, is not fulfilled, except in cases of force majeure, and
b
the amount of the security as referred to in the first and the second indents of paragraph 1 (b) is inferior to the amount of the export refund in force on the last day of validity of the licence, after reduction of the refund indicated on the licence.
The amount of the supplementary security shall be equal to the difference between the amounts referred to under point (b) of the first subparagraph.
F13
The security to be lodged in respect of licences for the export with refund of the products referred to in Annex VIII to Regulation (EC) No 318/2006 shall be calculated in accordance with paragraphs 1 and 2 of this Article, based on the net content of the sugar products referred to in Article 4a of this Regulation used for the manufacture of the products listed in Annex VIII to Regulation (EC) No 318/2006.