Commission Regulation (EC) No 952/2006Show full title

Commission Regulation (EC) No 952/2006 of 29 June 2006 laying down detailed rules for the application of Council Regulation (EC) No 318/2006 as regards the management of the Community market in sugar and the quota system

Article 56U.K.Release of the security

1.Except in cases of force majeure, the tendering security shall be released only for the quantity for which:

(a)either the successful tenderer has:

  • (a)applied, after fulfilling the requirements, for either a denaturing premium certificate or an export licence,

  • lodged the security or provided the negotiable instrument referred to in Article 51(2),

  • has removed the sugar from storage within the time limit laid down,

(b)or no award is made.

2.The security shall be released immediately.

3.In cases of force majeure, the intervention agency shall determine the measures necessary in view of the circumstances invoked by the successful tenderer.