Article 3

If the total quantities covered by the contracts submitted to the intervention agency exceed the quantities laid down in Article 1, Greece shall determine the rates of reduction to be applied to those contracts.

Greece shall take the administrative steps necessary to approve the contracts not later than 18 July 2005. The approval shall specify any rate of reduction applied and the quantity of wine accepted per contract and shall stipulate that the producer may cancel the contract where the quantity to be distilled is reduced.

Greece shall notify the Commission before 1 August 2005 of the quantities of wine covered by approved contracts.

Greece may limit the number of contracts that individual producers may conclude under this Regulation.