관           보
                   제14974호                                                 2001.12.11. (화요일)
                  percent (0.1%) of the amount of each    (4) The  detailed methods and procedures  for
                  disbursement in case  of direct payment
                                                           procurement shall be  governed by the Loan
                  procedure, or of the amount specified in the
                                                           Agreement.
                  letter of commitment in case of commitment
                                                                        Article 4
                  procedure, shall be collected by the Bank.
                                                        In the event the funds available from the
                  All banking charges and/or costs for
                                                        proceeds of the Loan are insufficient for the full 
                  services rendered by commercial banks in
                                                        implementation of the Project, the Government
                  connection with disbursements of the
                                                        of Romania shall promptly make arrangements
                  proceeds of the Loan, repayment of principal
                                                        to provide such funds as shall be needed. 
                  or payment of interest  payable to the  Bank
                                                                        Article 5
                  under the Loan Agreement shall be subject
                                                        The proceeds of the Loan shall be disbursed by
                  to a banking arrangement to be concluded
                                                        the Bank to the Borrower or, to the Supplier on
                  between the concerned commercial banks of
                                                        behalf of the Borrower in accordance with the
                  the two countries; and 
                                                        progress of the Project, up to the amount of the
                (4) In the event the Borrower fails to make
                                                        Loan, and within the disbursement period
                  payment of all or any portion of the principal
                                                        specified in the Loan Agreement and in
                  of the Loan or any other amount when due
                                                        accordance with disbursement procedure under
                  under the Loan Agreement, the unpaid
                                                        the Loan Agreement. 
                  amount shall bear an overdue charge at the
                                                                        Article 6
                  rate of one point five percent (1.5%) per
                                                        Other terms and conditions to be specified in the
                  annum above the interest rate.
                                                        Loan Agreement shall be determined through
                               Article 3
                                                        negotiations between the Borrower and the
                (1) The eligible source country for the
                                                        Bank. 
                  procurement of goods and services required
                                                                        Article 7
                  for the Project shall be the Republic of
                                                        This Arrangement shall enter into force upon the
                  Korea. 
                                                        exchange of diplomatic notes notifying that all
                (2) The suppliers of goods and services
                                                        legal requirements for its entry into force have
                  necessary for the implementation of the
                                                        been fulfilled and shall remain effective, unless 
                  Project shall be selected through direct
                                                        otherwise agreed upon, until the Borrower
                  contract with suppliers of the eligible source
                                                        performs all the obligations under the Loan
                  country. 
                                                        Agreement. 
                (3) The goods which contain materials
                                                        Done in duplicate at Bucharest this eleventh day
                  imported from countries other than the
                                                        of October 2000 in the English language, two
                  eligible source  country may be eligible for
                                                        copies being equally authentic. 
                  financing under the Loan, if the imported
                                                                          FOR THE GOVERNMENT
                  portion comprises less than  fifty percent
                                                                                    OF ROMANIA
                  (50%) of the contract price of such goods. A
                                                        FOR THE GOVERNMENT
                  formula for calculating the ratio of such
                                                        OF THE REPUBLIC OF 
                  imported portion will be prescribed in the
                                                        KOREA
                  Loan Agreement. 
                                                      8