# Commission Regulation (EEC) No 1858/93 of 9 July 1993 laying down detailed rules for applying Council Regulation (EEC) No 404/93 as regards the aid scheme to compensate for loss of income from marketing in the banana sector, Article 4

Extent: E+W+S+N.I.

1. Applications for advances may be submitted in accordance with the timetable laid down in Article 7 (2).
2. The amount of each advance shall be determined by multiplying the quantities marketed during the period in question by a average 70 % of the amount of aid paid in respect of the preceding year.
3. Payment of the advance shall be subject to the lodging of a security. The amount of this security shall be fixed at 50 % of the advance.
4. The security shall be forfeit in proportion to the part of the aid usually paid where:
the definitive amount of the aid proves to be less than the amount of the advances, and/or
the quantities of bananas marketed for which advances have been applied for exceeds the total quantity of production referred to in Article 12 (2) of Regulation (EEC) No 404/93.
5. The security shall be released as soon as the definitive aid is paid by the competent authorities.

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Source: https://www.legislation.gov.uk/eur/1993/1858/article/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-1993-1858/article-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.