CELEX: E1996C1121(01)
Language: en
Date: 1996-06-19 00:00:00
Title: Authorization for State aid pursuant to Article 61 of the EEA Agreement and Article 11 of the Act referred to in point 1b of Annex XV to the EEA Agreement EFTA Surveillance Authority decision not to raise objections

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E1996C1121(01)

Authorization for State aid pursuant to Article 61 of the EEA Agreement and Article 11 of the Act referred to in point 1b of Annex XV to the EEA Agreement EFTA Surveillance Authority decision not to raise objections  

Official Journal C 350 , 21/11/1996 P. 0005 - 0005

Authorization for State aid pursuant to Article 61 of the EEA Agreement and Article 11 of the Act referred to in point 1b of Annex XV to the EEA Agreement EFTA Surveillance Authority decision not to raise objections (96/C 350/04)Date of adoption: 19 June 1996EFTA State: NorwayAid No: 96-002Title: Prolongation of existing State aid to the shipbuilding industry:Grants for shipbuilding, newbuildings and conversionsExport credit guarantees for ships (by the GIEK)The guarantee scheme for ship constructionObjectives: Contract-related producion aid to shipbuildingLegal basis:- directions by the Royal Ministry of Industry and Energy of 6 February 1996 ('Føresegner for statleg støtte ved kontrahering av skip`)- for guarantees by the Guarantee Institute for Export Credits (GIEK) and the guarantee scheme for ship construction: the annual state budgetBudget: Nkr 400 million for contracts entered into in 1996Aid intensity: For the construction of vessels of not less than 100 GRT:- 9 % for vessels whose contract value is at least ECU 10 million,- 4,5 % for vessels of a contract value less than ECU 10 million,- 4,5 % for major conversions of vessels of at least 1 000 GRTCredit guarantees within the limits of the OECDUnderstanding on Export Credits for ShipsDuration: Applies to new binding contracts entered into as from 1 January 1996 and until the OECD Agreement respecting normal competitive conditions in the commercial shipbuilding and repair industry enters into force, and until 30 September 1996 at the latest, provided that delivery takes place not later than 31 December