제15594호                               관                   보                  2004. 1. 12. (월요일)

1. The repayment period shall be thirty(30)                 for the implementation of the Project shall be
  years including a grace period of ten(10)                 selected through limited international bidding
  years;                                                    among companies of the eligible source
2. The interest rate shall be two point five                country.
  percent(2.5%) per annum;                                3. The procurement contract shall be concluded
3. A service charge of one-tenth of one percent             within eighteen(18) months after the effective
  (0.1%) of the amount of each disbursement in              date of the Loan Agreement.
  case of a direct payment procedure, or of the           4. Details of the methods and procedures of
  amount specified in the letter of commitment              procurement shall be governed by the Loan
  in case of a commitment procedure, shall be               Agreement.
  collected by the Bank. All banking charges                                  Article 4
  and/or costs for services rendered by                   In the event the funds available from the
  commercial banks in connection with                     proceeds of the Loan are insufficient for the full
  disbursements of the proceeds of the Loan,              implementation of the Project, the Government
  repayment of principal or payment of interest           of the People’s Republic of China shall promptly
  payable to the Bank under the Loan                      make arrangements to provide such funds as are
  Agreement shall be subject to banking                   needed.
  arrangements to be concluded between the                                    Article 5
  Borrower and the Korean commercial bank                 The proceeds of the Loan shall be disbursed by
  designated by the Bank; and                             the Bank to the Borrower or, to the supplier on
4. In the event the Borrower fails to make                behalf of the Borrower in accordance with the
  payment of all or any portion of the principal          progress of the Project, up to the amount of the
  of the Loan or any other amount when due                Loan, and within the disbursement period
  under the Loan Agreement, the unpaid amount             specified in the Loan Agreement and in
  shall bear an overdue charge at the rate of two         accordance with the disbursement procedure
  percent (2%) per annum above the interest               under the Loan Agreement.
  rate.                                                                       Article 6
                     Article 3                            Other terms and conditions to be specified in the
1. The eligible source country for the                    Loan Agreement shall be determined through
  procurement of goods and services required              negotiations between the Borrower and the
  for the Project shall be the Republic of Korea.         Bank.
  Procurement for the Project from the People’s                               Article 7
  Republic of China and/or any third country              This Arrangement shall enter into force on the
  may be allowed with the prior consent of the            date of signature and shall remain effective,
  Bank for up to five million three hundred               unless otherwise agreed upon by the Contracting
  thousand US Dollars(US$5,300,000) of the                Parties, until the Borrower performs all the
  Loan     amount,   if   it   is   impossible   or       obligations under the Loan Agreement.
  uneconomical to purchase any goods and                  IN WITNESS WHEREOF, the undersigned, being
  services from the eligible source country.              duly authorized by their respective Governments,
2. The suppliers of goods and services necessary          have signed this Arrangement.

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