LEVEL
36.
EXEMPTIONS FROM COUNTRY OR PROJECT ELIGIBILITY FOR TIED AID
37.
CALCULATION OF CONCESSIONALITY LEVEL OF TIED AID
38.
VALIDITY PERIOD FOR TIED AID
39.
MATCHING
CHAPTER IV:
PROCEDURES
SECTION 1:
COMMON PROCEDURES FOR EXPORT CREDITS AND TRADE-RELATED AID
40.
NOTIFICATIONS
41.
INFORMATION ON OFFICIAL SUPPORT
42.
PROCEDURES FOR MATCHING
43.
SPECIAL CONSULTATIONS
SECTION 2:
PROCEDURES FOR EXPORT CREDITS
44.
PRIOR NOTIFICATION WITH DISCUSSION
45.
PRIOR NOTIFICATION WITHOUT DISCUSSION
SECTION 3:
PROCEDURES FOR TRADE-RELATED AID
46.
PRIOR NOTIFICATION
47.
PROMPT NOTIFICATION
SECTION 4:
CONSULTATION PROCEDURES FOR TIED AID
48.
PURPOSE OF CONSULTATIONS
49.
SCOPE AND TIMING OF CONSULTATIONS
50.
OUTCOME OF CONSULTATIONS
SECTION 5:
INFORMATION EXCHANGE FOR EXPORT CREDITS AND TRADE-RELATED AID
51.
CONTACT POINTS
52.
SCOPE OF ENQUIRIES
53.
SCOPE OF RESPONSES
54.
FACE-TO-FACE CONSULTATIONS
55.
PROCEDURES AND FORMAT OF COMMON LINES
56.
RESPONSES TO COMMON LINE PROPOSALS
57.
ACCEPTANCE OF COMMON LINES
58.
DISAGREEMENT ON COMMON LINES
59.
EFFECTIVE DATE OF COMMON LINE
60.
VALIDITY OF COMMON LINES
SECTION 6:
OPERATIONAL PROVISIONS FOR THE COMMUNICATION OF MINIMUM INTEREST RATES (CIRRs)
61.
COMMUNICATION OF MINIMUM INTEREST RATES
62.
EFFECTIVE DATE FOR APPLICATION OF INTEREST RATES
63.
IMMEDIATE CHANGES IN INTEREST RATES
SECTION 7:
REVIEWS
64.
REGULAR REVIEW OF THE ARRANGEMENT
65.
REVIEW OF MINIMUM INTEREST RATES
66.
REVIEW OF MINIMUM PREMIUM RATES AND RELATED ISSUES
ANNEX I:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR SHIPS
ANNEX II:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR NUCLEAR POWER PLANT
ANNEX III:
SECTOR UNDERSTANDING ON EXPORT CREDITS FOR CIVIL AIRCRAFT
ANNEX IV:
SECTOR UNDERSTANDING ON EXPORT CREDITS, RENEWABLE ENERGIES AND WATER PROJECTS, IN FORCE FOR A TRIAL PERIOD UNTIL 30 JUNE 2007
ANNEX V:
INFORMATION TO BE PROVIDED FOR NOTIFICATIONS
ANNEX VI:
CALCULATION OF THE MINIMUM PREMIUM RATES
ANNEX VII:
CRITERIA AND CONDITIONS GOVERNING THE APPLICATION OF COUNTRY RISK CLASSIFICATION REFLECTING A THIRD COUNTRY GUARANTOR OR A MULTILATERAL OR REGIONAL INSTITUTION
ANNEX VIII:
CRITERIA AND CONDITIONS GOVERNING THE APPLICATION OF COUNTRY RISK MITIGATION/EXCLUSION IN CALCULATING THE MINIMUM PREMIUM RATES
ANNEX IX:
CHECKLIST OF DEVELOPMENTAL QUALITY
ANNEX X:
TERMS AND CONDITIONS APPLICABLE TO PROJECT FINANCE TRANSACTIONS
ANNEX XI:
LIST OF DEFINITIONS
CHAPTER I
GENERAL PROVISIONS
1. Purpose
a)
The main purpose of the Arrangement on Officially Supported Export Credits, referred to throughout this document as the Arrangement, is to provide a framework for the orderly use of officially supported export credits.
b)
The Arrangement seeks to foster a level playing field for official support, as defined in Article 5 a), in order to encourage competition among exporters based on quality and price of goods and services exported rather than on the most favourable officially supported financial terms and conditions.
2. Status
The Arrangement, developed within the OECD framework, initially came into effect in April 1978 and is of indefinite duration. The Arrangement is a Gentlemen's Agreement among the Participants; it is not an OECD Act (1), although it receives the administrative support of the OECD Secretariat ('the Secretariat').
3. Participation
The Participants to the Arrangement currently are: Australia, Canada, the European Union, Japan, Korea,