제16091호                           관                보                2005. 9.23. (금요일)

 (d)A service charge of one-tenth of one             procurement shall be governed by the Loan
   percent (0.1%) of the amount of each              Agreement.
   disbursement in case of a Direct Payment                          Article 4
   Procedure, or of the amount specified in          In the event the funds available from the
   the Letter of Commitment in case of a         proceeds of the Loan are insufficient for the
   Commitment Procedure, shall be collected      full implementation of the Project, the
   by the Bank;                                  Borrower shall promptly make arrangements
 (e)All banking charges and/or costs for         to provide such funds as shall be needed.
   services rendered by banks in connection                          Article 5
   with disbursements of the proceeds of the         The proceeds of the Loan shall be disbursed
   Loan, repayment of principal or payment       by the Bank to the Borrower, or to the
   of interest payable to the Bank under the     Supplier on behalf of the Borrower in
   Loan Agreement shall be subject to a          accordance with the progress of the Project,
   banking arrangement to be concluded           up to the amount of the Loan, and within the
   between the banks designated by the           disbursement period specified inthe Loan
   Borrower and the Bank; and                    Agreement andin accordance with the
 (f)In the event the Borrower fails to make      disbursement procedure under the Loan
   payment of all or any portion of the          Agreement.
   principal of the Loan or any other amount                         Article 6
   when due under the Loan Agreement, the            Other terms and conditions to be specified
   unpaid amount shall bear an overdue           in the Loan Agreement shall be determined
   charge at the rate of two percent (2%) per    through negotiations between the Borrower
   annum above the interest rate.                and the Bank.
                  Article 3                                          Article 7
(1)The eligible source countries for the             This Arrangement shall enter into force on
 procurement of goods and services to be         the date of signature and shall remain
 financed out of the Loan shall be the           effective, unless otherwise agreed upon by the
 Republic of Korea and the Republic of           Contracting Parties, until the Borrower
 Nicaragua.                                      performs all the obligations under the Loan
(2)The suppliers of all goods and services       Agreement.
 necessary for the implementation of the         Done in duplicate at San Jose, on this 11th
 Project shall be selected through Limited       day of September 2005, in the Korean,
 Competitive      Bidding     among   Korean     Spanish and English languages, all texts
 Suppliers.                                      being equally authentic. In case of any
(3)The procurement contract shall be             divergency, the English text shall prevail.
 concluded within eighteen (18) months after     FOR THE GOVERNMENT FOR THE GOVERNMENT
 the effective date of the Loan Agreement.       OF THE REPUBLIC OF       OF THE REPUBLIC OF
(4)The detailed methods and procedures for       KOREA                    NICARAGUA

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