Publication: Magyar Közlöny
Issue: MK-2008-136 (Year: 2008, Number: 136)
Era: 2004-2010
Section: 
Paragraph Index: 12

c) In case the Hungarian Party agrees, it will confirm in writing the export contract approved by the Party of Indonesia. Article 6 Disbursement of the tied aid credits Detailed conditions of the tied aid credits provided to finance the projects accepted by the Contracting Parties are to be stipulated in the individual credit agreements between the Ministry of Finance of Indonesia as the borrower, representing the Government of the Republic of Indonesia on the one part and Eximbank as the creditor on the other. Eximbank, for the account of its own resources, lends, up to the amount of credit line agreed in the present Agreement, concessional credits to the Ministry of Finance of Indonesia for the realisation of the accepted projects. The measure of the financing is 100 per cent of the value of the accepted projects. Commercial and political risks of the tied aid credits will be insured by the Hungarian Export Credit Insurance Pte. Ltd. (further on: MEHIB). Eximbank and MEHIB, in accordance with the international obligations, notify beforehand their intention to lend tied aid credits related to the particular projects. After successful execution of the procedure of approval Eximbank gives notes to the importer/buyer and the exporter, and the Contracting Parties, respectively. Article 7 Taxes, fees The Contracting Parties are obliged to pay the taxes, fees and other public charges arising on the basis of the execution of the present Agreement in their own country. These costs cannot be paid from the individual tied aid credits and they cannot be separated. Costs arising during the particular credit agreements shall be paid by the parties of the credit agreements in their own country and they cannot be charged on the individual tied aid credits. During the reimbursement of the loan and the payment of the interest the amounts to be paid cannot be decreased by the tax levied by the Republic of Indonesia or other amounts arising as a result of other payment obligations. Article 8 Dispute Settlement The Contracting Parties shall settle any dispute in connection with the Agreement in the course of direct negotiations. Article 9 Governing Law Individual credit agreements shall be governed by the laws of the Republic of Hungary. 2008/136. szám Article 10 Closing provisions

Source: https://magyarkozlony.hu/hivatalos-lapok/db0e0437cc270d8ea410278fd2e42ac44c6b75c9/dokumentumok/589b088881d1bd96915b272b624a289b00c0e749/letoltes