ARCHIVESHISTORIQUES
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DOCUMENTS "COM"
COM(76)250
Vol.1976/0081

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(76 )250 final .
Brussels .3June 1976
Proposal for a
COUNCIL DECISION
amending the Decision of3December 1973 ,on?cons
. /
ultation and information procedures inmatters of
credit insurance ,credit guarantees and financial
credits
/
(submitted totheCouncil bytheCommission )
/
/
I
COM (76)250 final .

t
i
i
Explanatory memorandum
Annex I-A «
Whereas thestarting-points hadboen initially defined bytho Bern'3 Union
inconnection with itsownnotification system forcredits with aduration
exceeding five years ,therevised definition isintended formore general
useandtakes into account thespecial problem oflargo projects (concept
of"commissioning "or"installation oftheplant ",extension ofconstruc­
tion periods ,contracts involving "instalments "fordelivery and
installation ,etc.). ... i
Inorder toavoid disparities intheinformation andconsultation systems in
use ,"both "bycredit insurance organisations ,aswell aswithin theEuropean
Economic Community , \and since thoinitial definition hadbeen used in
Annex I.A.oftheCouncil Decision onconsultation procedures (N°73/39l/EEC),
'this Annex should beamended inline with the revised definitions .
. >
Annex II
Theamendment decided onunder theprior consultation procedure ofthe
OECT )andconcerning thescale ofvalue categories adopted inDecember 1973 ,
must also beincorporated intheconsultation procedures oftheEuropean
Communities ,andthis fortworeasons :
. .1
-firstly ,this amendment makes forsomewhat stricter conditions andwas
adopted bytheOECD Group after anumber ofamendments putforward by
theNine hadboon accepted ;
-»socondly ,acertain degree ofconformity betwoen thetwosystems must
bemaintained .

Sincetheroviseddefinitionofstarting-points isalroadyapplicable
andsincethedocisionoftheOECDGrouponExportCreditsandCredit
Guaranteesconcerningthenewscaleofvaluecategorieshas"beenadopted
witheffectfrom1December1975»"theCommission 'proposestothe
CouncilthatitshouldadopttheDecisionthedraftofwhichis*
annexedhereto.,

CouncilDocision
amendingtheDecisionof3December1973
onconsultation andinformationproceduresinmattersoicreditinsurance,
creditguaranteesandfinancialcredits
THECOUNCILOFTHEEUROPEANCOMTONITIES ,
HavingregardtotheTreatyestablishing theEuropeanEconomicCommunity,
andinparticularArtiolo113thereof,
HavingregardtotheproposalfromtheCommission ,
Whereas,*>yitsDecision73/39l/EECof3December1973,theCouncilsetup
consultation proceduresinmattersbfcroditinsurance,creditguarantees
andfinancialcredits(l);
WhereastheprovisionsofthysaidDecisionhaveappliedBinoe
1January1974;
Whereastheseconsultation proceduresshould "beamendedinthelightofthe
experienceacquiredinapplyingit;
HASDECIDEDASFOLLOWS:
(l)OJN°L346,17December1973,p.1

Articlo 1
Section AofAnnex ItotheAnnex toCouncil Decision of3December 1973
onconsultation andinformation procedures in
matters ofcredit insurance ,crfcdit guarantees andfinancial credits ishereby
amended asfollows :
ANNÏ3X I
Community norms which cannot bodeparted from without consultation
A.Duration ofcredits , '
Theduration ofanycredit granted ,whether supplier crodit orfinancial
credit ,must notexceed five years calculated from tho following starting -
points *
1.Capital goods consisting ofindividual items usable inthemselves :
(forexample ,locomotives ):the(mean date ,oractual dates ,onwhich tho
buyer istotike physical possession ofthefood .sinhisowncountry :
.1 *
2.Capital goods forcomplete plant orfactories whore thesupplier has
noresponsibility forcommissioning :
thedate onwhich thobuyer istotaho physical possession ofthoentiro
goods (excluding spare parts )supplied under thocontract ;
3.Construction contracts whoro thocontractor has noresponsibility
forcommissioning :- •* ' •:
-thedato onwhich thoconstruction hasboon completed ;

4*Installation (orconstruction )contracts where thesupplier (or*
contractor )hasacontractual responsibility forthecommissioning *
-thedate onwhich thesupplier (orcontractor )hasoompleted installation
(orconstruction )andpreliminary tests toensure that itisready for
operation ,whether ornottheinstallation (orconstruction )is
handed over tothebuyer atthat time inaccordance with theterms
ofthecontract andirrespective ofanycontinuing commitment which
thesupplier (orcontractor )mayhav«entered into ,forexampl# to
guarantee itseffective functioning ortotrain local personnel «
5.Inthecase ofparagraphs 2,3and4»where thecontract involves
theseparate execution ofindividual parts ofaproject :
-thedate ofthestarting-point foreach separate part ,orthemean
date ofthose starting-points or,where thesupplier hasentered into
acontract ,notrelating tothewhole project ,buttoanessential
part ofit,thestarting-point appropriate totheprojeot asawhole .
Article 2
Annex IItothe Annex tothe said Deoision is
following :hereby replaced bythe

SCALE OFVALUES TOBUUS5D
Article 3
Therevised provisions shall apply forthwith androplaco thoso
adopted previously "bytheCouncil .
Article 4
This Decit-ion isaddressed totho I'embor States .
Done atBruseols ,
For the Council
The President