관              보
                       제15468호                                                               2003. 8. 9. (토요일)
                    (4) A service charge of one-tenth of one           Lanka. However, procurement from any third
                      percent (0.1%) of the amount of each             country may be allowed with the prior consent
                      disbursement in case of a direct payment         of the Bank for up to nineteen percent (19%)
                      procedure, or of the amount specified in the     of the total amount of the Loan if it is either
                      letter of commitment in case of a
                                                                       impossible or uneconomical to purchase any
                      commitment procedure shall be collected by       goods from the eligible source country.
                      the Bank. All banking charges and/or costs     2. The suppliers of the goods and services
                      for services rendered by commercial banks        necessary for the implementation of the
                      in connection with disbursements of the          Project shall be selected through limited
                      proceeds of the Loan, repayment of principal
                                                                       competitive bidding among Korean suppliers
                      or payment of interest payable to the Bank       or through direct contract with a Korean
                      under the Loan Agreement shall be governed       supplier.
                      by banking arrangements to be concluded        3. Details of the methods and procedures for
                      between the concerned commercial banks of        procurement shall be stipulated in the Loan
                      the two countries; 
                                                                       Agreement. 
                    (5) In the event the Borrower fails to make                          Article 4
                      payment of all or any portion of the principal
                                                                     In the event the funds available from the
                      of the Loan or any other amount when due
                                                                     proceeds of the Loan are insufficient for the full
                      under the Loan Agreement, the unpaid
                                                                     implementation of the Project, the Borrower
                      amount shall bear an overdue charge at the
                                                                     shall promptly make arrangements to provide
                      rate of two percent (2%) per annum above
                                                                     such funds as are needed. 
                      the interest rate specified in the Loan
                                                                                         Article 5
                      Agreement; and 
                                                                     The proceeds of the Loan shall be disbursed by
                    (6) If the procurement of goods or services to
                                                                     the Bank to or on behalf of the Borrower in
                      be financed out of the proceeds of the Loan
                                                                     accordance with the progress of the Project, up
                      has not been carried out within eighteen
                                                                     to the amount of the Loan, and within the
                      (18) months after the effective date of the
                                                                     disbursement period specified in the Loan
                      Loan Agreement, the Pledge for the Project     Agreement and in accordance with the
                                                                     disbursement procedure under the Loan
                      issued by the Government of the Republic of
                                                                     Agreement. 
                      Korea shall be invalid.
                                                                                         Article 6
                                      Article 3
                                                                     Other terms and conditions to be specified in the
                  1. The eligible source countries for the
                                                                     Loan Agreement shall be determined through
                    procurement of goods and services required
                                                                     negotiations between the Borrower and the
                    for the Project shall be the Republic of Korea
                                                                     Bank. 
                    and the Democratic Socialist Republic of Sri
                                                                   7