CELEX: 51973PC0309
Language: en
Date: 1973-02-26 00:00:00
Title: Recommendation for a COUNCIL DECISION on the position to be taken by the Community within the OECD as regards an Agreement concerning aircraft (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (73) 309
Vol. 1973/0049
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                COM(73)309 final
                                                Brussels , 26 February 1973
                             Recommendation for a
                               COUNCIL DECISION
            on "the position to be taken "by the Community within
            the OECD as regards an Agreement concerning aircraft
                  ( submitted to the Council by the Commission )
     COIl(73 ) 309 final
 ---pagebreak--- Direetorate-General                                      Doc.No.Xl/34/73-d
       for
  External Trade
       RECOMMENDATION FOR A COUNCIL DECISION ON THE POSITION TO BE
TAKEN BY THE COMMUNITY WITHIN THE OECD AS REGARDS AN AGREEMENT CON­
CERNING AIRCRAFT .
THE COUNCIL OF THE EUROPEAN COMMUNITIES j
Having regard to the Treaty establishing the European Economic Commu­
nity , and in particular Article 113 thereof ;
Having regard to the recommendation from the Commission ;
Whereas certain directions should he issued as regards the position
to be taken by the Community should adopt within the OECD in relation
to the preparation of an agreement concerning aircraft ;
HAS ADOPTED THIS DECISION :
                               Sole Article
        Upon the preparation with OECD of an agreement concerning air­
craft , the Commission shall express the Community 's viewpoint in accor­
dance with t-he directions set out in the Annex .
        It shall act in consultation with the special committee referred
to in Article 113 of the Treaty which shall assist the Commission in
its task .
                                        For the Council
Done at Brussels ,         19
 ---pagebreak---                                                                Doc.No.XI/ 34/73-E
                                                     ANNEXE
     The Commission shall within the OECD endeavour to secure an agreement
     based on the following principles :
 I. SCOPE OF AOREEMENT
     The Agreement shall relate to the credit terms applicable to sabs
     or hirepurchase contracts , for the export of helicopters intended
     for civil air transport .
II . DURATION OF CREDIT
     The maximum duration of credit shall be determined by reference both
     to the type of aircraft and to the full cost of the transaction . Air­
     craft shall be classified as under applicable protocols which list
     aircraft falling within each category .
     By reference to type of aircraft , the maximum duration of credit
     shall be as follows :
        - " A. Civil' jet transport aircraft                        10 years
     ''     Bi Civil turbo-prop transport aircraft                   8 years
          > c ; Jet and turbo-propeller ; executive aircraft :
                ( l ) in the case of transactions relating to
                      one aircraft                                   7 years
                ( 2 ) in the case of transactions relating to
                      more than one aircraft                         8 years
            D. All other types of subsonic aircraft inclu­
                ding helicopters                                     5 years
     By reference to the full cost of the transaction , the maximum
      duration of credit shall be as follows :
            A. For amounts exceeding     5 m*  u.a .                 7 years
            B. For amounts exceeding 10 m . u.a.                     8 years
 ---pagebreak---                                                    Doo . No . n/34/7 3-E
OTHER TERMS.        .
1 . The down-pa.yment made before or at the time of delivery shall
    be of no less than 10% of the cost of the transaction , no less
    than % being payable upon signature of the contract .
2 . Payment shall be made regularly by equal half-yearly of ex­
    ceptionally yearly instalments , the period being reckoned
    from the date of each delivery or from the middle date between
    deliveries .
3 . It is evident that ( national ) and polioies and practicies must
 -  not be reserted. to in order to circumvent the agreement . If ,
    however , a party to the agreement , by way of exception and for
    genuine aid purposes , wishes to grant more favourable terms
    in any particular instance , it may do so , on condition that
    it gives sufficient notice of its intention to the other par­
  • ties - ( at least six weeks before issuing the authorization for
    the grant of funds for that purpose ).
4 . Where there is competition for a contract between airoraft of
    different categories the parties to the agreement shall be
    authorized to align their credit facilites as regards duration
    on the longest terms which may officially be granted in the
    case of the competing aircraft .