관             보
                      제15248호                                                           2002.11.13. (수요일)
                   Government of Cambodia (hereinafter referred      the Bank. All banking charges and/or costs
                   to as “the Borrower”), acting by and through
                                                                     for services rendered by commercial banks
                   the Ministry of Economy and Finance. 
                                                                     in connection with disbursements of the
                 3. The Loan shall be made available through a       proceeds of the Loan, repayment of principal
                   Loan Agreement (hereinafter referred to as        or payment of interest payable to the Bank
                  “the Loan Agreement”) to be concluded              under the Loan Agreement shall be governed
                   between the Borrower and the Bank.                by banking arrangements to be concluded
                 4. The Loan shall be denominated in Korean          between the concerned commercial banks of
                   Won. The amount of the Loan shall not exceed
                                                                     the two countries; 
                   the equivalent of seventeen million fifty        (e)In the event the Borrower fails to make
                   thousand US dollars (US$ 17,050,000) and          payment of all or any portion of the principal
                   shall be fixed in accordance with the relevant    of the Loan or any other amount when due
                   provisions of the Loan Agreement.                 under the Loan Agreement, the unpaid
                 5. The proceeds of the Loan shall be used to        amount shall bear an overdue charge at the
                   cover payments to be made by the Borrower to      rate of two percent (2%) per annum above
                   suppliers, contractors and/or consultants of      the interest rate specified in the Loan
                   eligible source countries under such contracts    Agreement; and 
                   as may be entered into between them for the      (f)If the procurement of goods or services to
                   procurement of goods and services required        be financed out of the proceeds of the Loan
                   for the implementation of the Project.            has not been carried out within eighteen
                                    Article 2                        (18) months after the effective date of the
                 The terms and conditions of the Loan, as well as    Loan Agreement, the Pledge for the Project
                 the procedures for its utilization, shall be        issued by the Government of the Republic of
                 governed by the Loan Agreement which shall          Korea shall be invalid.
                 contain, inter alia, the following principles:                      Article 3
                   (a)The repayment period shall be thirty (30)   1. The eligible source countries for the
                     years including a grace period of ten (10)     procurement of goods and services required
                     years; 
                                                                    for the Project shall be the following:
                   (b)The interest rate shall be one percent        (a)for the foreign currency portion, the
                     (1.0%) per annum;                               Republic of Korea
                   (c)The disbursement period shall be forty-       (b)for the local currency portion, the Kingdom
                     eight (48) months from the effective date of    of Cambodia.
                     the Loan Agreement or such other period as      However, items which are either impossible
                     the Borrower and the Bank agree upon;
                                                                     or uneconomical to purchase from the
                   (d)A service charge of one-tenth of one           eligible source countries may be procured,
                     percent (0.1%) of the amount of each            with prior consent of the Bank, from any
                     disbursement in case of a direct payment        third country, up to a value of eight million
                     procedure, or of the amount specified in the    five hundred forty thousand US Dollars(US$
                     letter of commitment in case of a               8,540,000).
                     commitment procedure, shall be collected by  2. Suppliers of the goods and services necessary
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