제17917호                               관             보               2012. 12. 27.(목요일)
                                                Article 2
    An EDCF loan for each individual project (hereinafter referred to as the "Loan") shall be
extended to the Vietnamese Government in accordance with the following procedures:
    (a) The Korean Government and the Vietnamese Government shall identify potential projects
        in close collaboration with each other, and the Vietnamese Government shall submit a list
        of prospective projects to be financed under this Arrangement to the Korean Government;
    (b) The Vietnamese Government shall request the Korean Government, through diplomatic
        channels, to extend a Loan for each individual project;
    (c) In case the Korean Government decides to extend a Loan for the requested project after
        appraisal of the project, it shall inform the Vietnamese Government of its decision through
        diplomatic channels; and
    (d) Details of each individual project and the Loan amount for the project shall be set out in
        and made available through a loan agreement (hereinafter referred to as the "Loan
        Agreement") to be concluded between the Export-Import Bank of Korea (hereinafter
        referred to as the "Bank") and the Vietnamese Government.
                                                 Article
1. The terms and conditions for each individual project shall be specified in each Loan
Agreement to the extent consistent with the Agreement and the provisions of this Arrangement.
Each Loan Agreement shall contain, inter alia, the following principles, unless otherwise agreed
by the two Governments:
    (a) The borrower or guarantor of the Loan shall be the Vietnamese Government;
    (b) The repayment period shall be twenty five to forty (25~40) years, including a seven to
        ten (7~10) year grace period, and the interest rate shall be one tenth of one percent to
        one point five percent (0.1%~1.5%) per annum. Such terms and conditions may be
        determined in due consideration of the characteristics of individual projects and in
        accordance with the laws and regulations and guidelines of the Republic of Korea;
    (c) No interest shall accrue for the Loan covering the consulting services costs, in case the
        consultant is selected from among Korean firms;
    (d) In the event that the Vietnamese Government fails to make payment of all or any portion
        of the principal of the Loan or any other amount due under the Loan Agreements, the
        unpaid amount shall bear an overdue charge at the rate of two percent (2%) per annum
        in addition to the interest rate specified in the Loan Agreements;
    (e) The eligible source countries for the procurement of goods and services, including
        consulting services, to be financed out of the Loan shall be the Republic of Korea for the
        foreign currency portion and the Socialist Republic of Viet Nam for the local currency
        portion; procurement from countries other than the eligible source countries, if any, shall
        be set out in the Loan Agreements;
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