제18922호                                  관           보                 2017. 1. 5.(목요일)
   (b) The Indonesian Government shall request the Korean Government, through diplomatic
       channels, to extend a Loan for each individual project;
   (c) In cases the Korean Government decides to extend a Loan for the requested project after
       its appraisal of the project, it shall inform the Indonesian 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 Indonesian Government.
                                              Article 3
1. Each Loan Agreement shall contain, inter alia, the following principles, unless otherwise
agreed by the two Governments:
    (a) The borrower of the Loan shall be the Indonesian 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 cases the
         consultant is selected from among Korean firms;
   (d)   In the event that the Indonesian Government fails to make payment of all or any portion
         of the principal of the Loan or any other amount due under the Loan Agreements the     ,
                                                                                 (2 )
         unpaid amount shall bear an overdue charge at the rate of two percent % per annum
         in addition to the interest rate specified in the Loan Agreements;
   (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 Republic of Indonesia for the local currency portion The
                                                                            ,       ,
         procurement from countries other than the eligible source countries if any shall be set
         out in the Loan Agreements;
   (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)                                                  ,
         For the specific projects agreed by the Parties the suppliers of the goods and services
         and the consultants necessary for the implementation of such projects shall be selected
         and/or employed through competitive bidding for supplier of the goods and services and
         through limited competitive bidding for consultants among associations made up of
         Indonesian and Korean firms;
   (i)   The procurement and/or consulting contracts shall be concluded within eighteen             (18)
         months from the effective date of each Loan Agreement;
   (j)   Details of the methods and procedures for the procurement shall be governed by the Loan
         Agreements; and
   (k)   Tax exemption and relief shall be in accordance with the prevailing tax laws and
                   .
         regulations
2. Revision of any principle stated in Article 3.1 above may be made with the written consent
of the Parties, and shall be set out in the Loan Agreements.
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