Article 1 
Scope This Directive applies to cover for transactions related to the export of goods and/or services originating in a Member State, in so far as this support is provided directly or indirectly for the account of, or with the support of, one or more Member States, involving a total risk period of two years or more, that is to say, the repayment period including the manufacturing period. This Directive does not apply to cover for bid, advance payment, performance and retention bonds. Neither does it apply to cover for risks relating to construction equipment and material when locally used for the performance of the commercial contract. Article 2 Obligations of the Member States Member States shall ensure that any institution providing cover directly or indirectly in the form of export credit insurance, guarantees or refinancing for the account of the Member State or with the support of the Member State representing the government itself or controlled by and/or acting under the authority of the government providing cover, hereinafter referred to as ‘insurers’, covers transactions related to the export of goods and/or service in accordance with the provisions set out in the Annex, when destined for countries outside the Community and financed by buyer credit or supplier credit or paid on cash terms. Article 3 Implementing decisions The decisions referred to in point 46 of the Annex shall be taken by the Commission, in accordance with the procedure laid down in Article 4. Article 4 Committee 1. The Commission shall be assisted by a committee. 2. Where reference is made to this Article, Articles 4 and 7 of Decision 1999/468/EC ( 6 ) shall apply. The period laid down in Article 4(3) of Decision 1999/468/EC shall be set at one month. 3. The Committee shall adopt its Rules of Procedure. Article 5 Report and review The Commission shall submit a report to the Council by 31 December 2001 on the experience gained and the convergence achieved in applying the provisions laid down in this Directive. Article 6 Relationship to other procedures The procedures laid down by this Directive supplement those established by Decision 73/391/EEC ( 7 ). Article 7 Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 2 
Obligations of the Member States Member States shall ensure that any institution providing cover directly or indirectly in the form of export credit insurance, guarantees or refinancing for the account of the Member State or with the support of the Member State representing the government itself or controlled by and/or acting under the authority of the government providing cover, hereinafter referred to as ‘insurers’, covers transactions related to the export of goods and/or service in accordance with the provisions set out in the Annex, when destined for countries outside the Community and financed by buyer credit or supplier credit or paid on cash terms. Article 3 Implementing decisions The decisions referred to in point 46 of the Annex shall be taken by the Commission, in accordance with the procedure laid down in Article 4. Article 4 Committee 1. The Commission shall be assisted by a committee. 2. Where reference is made to this Article, Articles 4 and 7 of Decision 1999/468/EC ( 6 ) shall apply. The period laid down in Article 4(3) of Decision 1999/468/EC shall be set at one month. 3. The Committee shall adopt its Rules of Procedure. Article 5 Report and review The Commission shall submit a report to the Council by 31 December 2001 on the experience gained and the convergence achieved in applying the provisions laid down in this Directive. Article 6 Relationship to other procedures The procedures laid down by this Directive supplement those established by Decision 73/391/EEC ( 7 ). Article 7 Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 3 
Implementing decisions The decisions referred to in point 46 of the Annex shall be taken by the Commission, in accordance with the procedure laid down in Article 4. Article 4 Committee 1. The Commission shall be assisted by a committee. 2. Where reference is made to this Article, Articles 4 and 7 of Decision 1999/468/EC ( 6 ) shall apply. The period laid down in Article 4(3) of Decision 1999/468/EC shall be set at one month. 3. The Committee shall adopt its Rules of Procedure. Article 5 Report and review The Commission shall submit a report to the Council by 31 December 2001 on the experience gained and the convergence achieved in applying the provisions laid down in this Directive. Article 6 Relationship to other procedures The procedures laid down by this Directive supplement those established by Decision 73/391/EEC ( 7 ). Article 7 Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 4 
Committee 1. The Commission shall be assisted by a committee. 2. Where reference is made to this Article, Articles 4 and 7 of Decision 1999/468/EC ( 6 ) shall apply. The period laid down in Article 4(3) of Decision 1999/468/EC shall be set at one month. 3. The Committee shall adopt its Rules of Procedure. Article 5 Report and review The Commission shall submit a report to the Council by 31 December 2001 on the experience gained and the convergence achieved in applying the provisions laid down in this Directive. Article 6 Relationship to other procedures The procedures laid down by this Directive supplement those established by Decision 73/391/EEC ( 7 ). Article 7 Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 5 
Report and review The Commission shall submit a report to the Council by 31 December 2001 on the experience gained and the convergence achieved in applying the provisions laid down in this Directive. Article 6 Relationship to other procedures The procedures laid down by this Directive supplement those established by Decision 73/391/EEC ( 7 ). Article 7 Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 6 
Relationship to other procedures The procedures laid down by this Directive supplement those established by Decision 73/391/EEC ( 7 ). Article 7 Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 7 
Repeal Directive 70/509/EEC and Directive 70/510/EEC are hereby repealed. Article 8 Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 8 
Transposition Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with this Directive by 1 April 1999. They shall forthwith inform the Commission thereof. When Member States adopt these measures, they shall contain a reference to this Directive or shall be accompanied by such reference on the occasion of their official publication. The methods of making such reference shall be laid down by Member States. Article 9 Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 9 
Entry into force This Directive shall enter into force on the 20th day following its publication in the Official Journal of the European Communities . Article 10 Addressees This Directive is addressed to the Member States.
Article 10 
Addressees This Directive is addressed to the Member States.