제19902호                                 관             보               2020. 12. 21.(월요일)
     (c) In the case that the Korean Government decides to extend a Loan for the requested
           project after appraisal of the project, it shall inform the Tanzanian 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 Tanzanian Government.
                                               Article 3
1.   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 Tanzanian Government;
     (b) The repayment terms and the interest rate shall be specified in the Loan Agreement of
           the individual project;
     (c) No interest shall accrue for the Loan covering the consulting services costs in the case
           that a consultant is selected from among the Korean firms;
     (d) In the event that the Tanzanian Government fails to make payment of all or any portion
           of the principal of the Loan or any other amount due under the Loan Agreement, the
           unpaid amount shall bear an overdue charge at the rate of two percent (2.0%) per annum
           in addition to the interest rate specified in the Loan Agreement;
     (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 United Republic of Tanzania for the local currency
           portion; procurement from countries other than the eligible source countries, if any, shall
           be set out in the Loan Agreement;
     (f) The suppliers of the goods and services necessary for the implementation of the project
           shall be selected through competitive bidding among Korean firms;
     (g) The consultants shall be employed through limited competitive bidding among Korean
           consulting firms;
     (h) The procurement or consulting contracts shall be concluded within eighteen (18) months
           from the effective date of the relevant Loan Agreement;
     (i)   Details of the methods and procedures for the procurement shall be governed by the
           Loan Agreement; and
     (j) All taxes, customs duties and other fiscal charges imposed in the United Republic of
           Tanzania on goods and services provided by the suppliers to be used solely in the
           implementation of the project under the Loan Agreement shall be exempted in accordance
           with the prevailing laws of the United Republic of Tanzania. The exemptions granted
           under this paragraph shall not apply to corporate and income taxes. Where any tax,
           custom duty or fiscal charge imposed in the United Republic of Tanzania on goods and
           services provided by the suppliers to be used solely in the implementation of the project
           under the Loan Agreement is not exempted by law, the Tanzanian Government shall be

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