Article 16

The Spanish or Portuguese intervention agency shall arrange for the product to be bought on the world market by the award of a supply contract under a tendering procedure. The supply shall consist in the purchase of the product on the world market and the delivery, not unloaded, to warehouses designated by the abovementioned intervention agency for placing under the customs warehousing procedure provided for in Articles 98 to 113 of Regulation (EEC) No 2913/92.

The decision to purchase on the world market referred to in Article 15(1) shall specify in particular the quantity and quality of cereals to be imported, the dates of opening and closing of the tendering procedure and the final date for delivery of the goods.

A notice of invitation to tender drawn up in accordance with Annex IV shall be published in the ‘C’ series of the Official Journal of the European Union. The invitation shall relate to one or more lots. ‘Lot’ shall be understood as meaning the quantities to be delivered as specified in the invitation.

The intervention agency of the Member State concerned shall adopt, as required, additional measures for implementing the purchasing operations on the world market in question.

The intervention agency shall notify the Commission immediately of such measures and shall inform operators thereof.