CHAPTER VIPUBLIC STORAGE

SECTION 5Intervention sales

Article 42Terms of the tendering procedure

1

For the purposes of the tendering procedure, the following terms of the tendering procedure shall be determined when the decision is taken to issue an invitation to tender:

a

the total quantity or quantities put up for tender;

b

the intended use;

c

the time limit for submission of tenders;

d

the price to be paid by the successful tenderer if the sugar is intended for animal feed or for export.

2

Additional terms may be determined in the decision is taken to issue an invitation to tender, in particular:

a

the minimum price for sugar put up for sale for a purpose other than animal feed or export;

b

the maximum amount of the denaturing premium or the export refund;

c

the minimum quantity per tenderer or per lot;

d

the maximum quantity per tenderer or per lot;

e

the specific period of validity of the denaturing premium certificate or export licence.