제16153호                                관                 보                 2005.12.21. (수요일)

                     Article 1                               agree upon;
1. The Government of the Republic of Korea                  (d)A service charge of one-tenth of one
  shall enable the Government of the Republic                percent (0.1%) of the amount of each
  of Angola to obtain a loan (hereinafter                    disbursement in case of a direct payment
  referred to as“the Loan”) from the Export-                 procedure, or one-tenth of one percent
  Import Bank of Korea (hereinafter referred to              (0.1%) of the amount specified in the
  as“the Bank”
             ), the government agency for the                letter of commitment in case of a
  EDCF, for the implementation of the                        commitment procedure, shall be collected
  Agriculture Modernization Project (hereinafter             by the Bank;
  referred to as“the Project”).                             (e)All banking charges and/or costs for
2. The Borrower of the Loan shall be the                     services rendered by banks in connection
  Government of the Republic of Angola                       with disbursements of the proceeds of the
  (hereinafter referred to as“the Borrower”).                Loan, repayment of principal or payment
3. The Loan shall be denominated in Korean                   of interest payable to the Bank under the
  Won. The amount of the Loan shall not                      Loan Agreement shall be subject to a
  exceed the equivalent of thirty one million                banking arrangement to be concluded
  four hundred forty thousand US dollars                     between the concerned banks of the two
  (US$31,440,000) and shall be fixed in                      countries; and
  Korean Won in accordance with the                         (f)In the event the Borrower fails to make
  relevant provisions of a loan agreement to                 payment of all or any portion of the
  be concluded between the Borrower and the                  principal of the Loan or any other amount
  Bank (hereinafter referred to as“the Loan                  when due under the Loan Agreement, the
  Agreement”
           ).                                                unpaid amount shall bear an overdue
                     Article 2                               charge at the rate of two percent (2.0%)
  The terms and conditions of the Loan, as                   per annum above the interest rate.
well as the procedures for its utilization, shall be                          Article 3
governed by the Loan Agreement, which shall             1. The eligible source countries for the
contain, inter alia, the following principles:              procurement of goods and services including
  (a)The repayment period shall be thirty (30)              consulting services required for the Project
    years including a grace period of ten (10)              shall be the Republic of Korea and the
    years;                                                  Republic of Angola. However, items which
  (b)The interest rate shall be zero point five             are impossible or uneconomical to purchase
    percent (0.5%) per annum;                               from the eligible source countries may be
  (c)The disbursement period shall be sixty                 procured from third countries for up to
    three (63) months from the effective date               fifteen percent (US$4,716,000) of the Loan
    of the Loan Agreement or such other                     Amount.
    period as the Borrower and the Bank                 2. The suppliers of goods and services,

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