제16301호                             관               보                2006. 7.24. (월요일)

 (c) The disbursement period shall be forty      2. The suppliers of all goods and services
   two (42) months from the effective date of        necessary for the implementation of the
   the Loan Agreement or such other period           Project shall be selected through limited
   as the Borrower and the Bank agree upon ;         competitive bidding among Korean suppliers
 (d) A service charge of one-tenth of one            or direct contracting with a Korean supplier.
   percent(0.1%) of the amount of each           3. The consultants required for the project
   disbursement in case of a direct payment          shall be selected through limited competitive
   procedure, or of the amount specified in          bidding among Korean consulting firms or
   the letter of commitment in case of a             direct contracting with a Korean consulting
   commitment procedure, shall be collected          firm.
   by the Bank ;
                                                 4. The procurement contract shall be
 (e) All banking charges and/or costs for
                                                     concluded within eighteen (18) months after
   services rendered by banks in connection
                                                     the effective date of the Loan Agreement.
   with disbursements of the proceeds of the
                                                 5. Details of the methods and procedures for
   Loan, repayment of principal or payment
                                                     procurement shall be set out in the Loan
   of interest payable to the Bank under the
                                                     Agreement.
   Loan Agreement shall be subject to a
                                                                      Article 4
   banking arrangement to be concluded
                                                 In the event the funds available from the
   between the concerned banks of the two
                                                 proceeds of the Loan are insufficient for the
   countries ; and
                                                 full implementation of the Project, the
 (f) In the event the Borrower fails to make
                                                 Borrower shall promptly make arrangements
   payment of all or any portion of the
                                                 to provide such funds as shall be needed.
   principal of the Loan or any other amount
                                                                      Article 5
   when due under the Loan Agreement, the
                                                 The proceeds of the Loan shall be disbursed
   unpaid amount shall bear an overdue
                                                 by the Bank to the Borrower, or to the supplier
   charge at the rate of two percent (2.0%)
   per annum above the interest rate.            on behalf of the Borrower in accordance with

                     Article 3                   the progress of the Project, up to the amount

1. The eligible source countries for the         of the Loan, and within the disbursement

 procurement of goods and services               period specified in the Loan Agreement and in

 including consulting services required for      accordance with the disbursement procedure

 the Project shall be the Republic of Korea.     under the Loan Agreement.

 However, items which are impossible or                               Article 6
 uneconomical to purchase from the eligible      Other terms and conditions to be specified in
 source country may be procured from third       the Loan Agreement shall be determined
 countries up to five percent(5%) of the Loan    through negotiations between the Borrower
 amount.                                         and the Bank.

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