Basic HTML Version
ΕΠΙΣΗΜΗ ΕΦΗΜΕΡΙΔΑ ΤΗΣ 13ης ΔΕΚΕΜΒΡΙΟΥ
1983
1157
(5) The Fund shall be managed and administered by a Committee composed
of the exporting Members of the Executive Board
ίη
cooperation with the
Executive Director and shall be subject to an independent annual audit as
required for the accounts of the Organization under the provisions of
Article 27.
(6) The contributions assessed
ίη
accordance with the provisions of
paragraph (4) of this Article shall be payable
οη
the terms established
by the Committee for this purpose. Sanctions for the non-payment of the
contributions shall be app1ied 'as fol10ws:
(a) if any Member remains
ίη
arrears for a period exceeding three
months its voting rights
ίη
the
Comπdttee
shall be suspended
automatical1y;
(b) if payment of the contribution remains outstanding for six months
the Member concerned shal1 a1so lose its votes
ίη
the Executive
Board and the Council; and
(c) if payment of the contribution remains outstanding for longer
than six months the Member concerned sha11 be given an
additional period of 45 days to settle its arrears. If the
contribution remains unpaid at the end of this additional
period, the Executive Director shall withhold the export stamps
corresponding to the quantity of coffee
οη
which the unpaid
contribution is due and shall forthwith notify the Member
,
concerned. The Executive DirectoL shall report each such case
to the Executive Board which may amend or cancel the action
taken by the Executive Director. The Executive Director shall
release such stamps as soon as the appropriate payment is made.