제16077호                             관                 보                 2005. 9. 2. (금요일)

 (b)The interest rate shall be one point seven        point two percent (15.2%) of the Loan
   percent (1.7%) per annum;                          amount for the Project if it is impossible or
 (c)The disbursement period shall be                  uneconomical to purchase any goods and
   twenty-one (21) months from the                    services from the eligible source country.
   effective date of the Loan Agreement or           2. The suppliers of goods and services
   such other period as the Borrower and the          necessary for the implementation of the
   Bank agree upon;                                   Project shall be selected through limited
 (d)A service charge of one-tenth of one              international bidding among Korean
   percent (0.1%) of the amount of each               suppliers.
   disbursement in case of a direct payment          3. The procurement contract shall be
   procedure, or of the amount specified in           concluded within eighteen (18) months after
   the letter of commitment in case of a              the effective date of the Loan Agreement.
   commitment procedure, shall be collected          4. Details of the methods and procedures of
   by the Bank. All banking charges and/or            procurement shall be governed by the Loan
   costs for services rendered by commercial          Agreement.
   banks in connection with disbursements of                            Article 4
   the proceeds of the Loan, repayment of            In the event the funds available from the
   principal or payment of interest payable to       proceeds of the Loan are insufficient for the
   the Bank under the Loan Agreement shall           full implementation of the Project, the
   be subject to a banking arrangement to be         Borrower shall promptly make arrangements
   concluded    between       the   concerned        to provide such funds as are needed.
   commercial banks of the two countries;                               Article 5
   and                                               The proceeds of the Loan shall be disbursed
 (e)In the event the Borrower fails to make          by the Bank to the Borrower, or to the supplier
   payment of all or any portion of the              on behalf of the Borrower, in accordance with
   principal of the Loan or any other amount         the progress of the Project, up to the amount
   when due under the Loan Agreement, the            of the Loan, and within the disbursement
   unpaid amount shall bear an overdue               period specified in the Loan Agreement and in
   charge at the rate of two percent (2%) per        accordance with the disbursement procedure
   annum above the interest rate.                    under the Loan Agreement.
                  Article 3                                             Article 6
1. The eligible source country for the               Other terms and conditions to be specified in
 procurement of goods and services required          the Loan Agreement shall be determined
 for the Project shall be the Republic of            through negotiations between the Borrower
 Korea. Procurement for the Project from             and the Bank.
 any third country may be allowed with the                              Article 7
 prior consent of the Bank for up to fifteen         This Arrangement shall enter into force on

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