제15708호                              관                 보                  2004. 6. 2. (수요일)

                    Article 2                             for the Project shall be the Republic of Korea
The terms and conditions of the Loan, as well             and the Republic of Albania. Procurement for
as the procedures for its utilization, shall be           the Project from any third country may be
governed by the Loan Agreement, which shall               allowed with the prior consent of the Bank for
contain, inter alia, the following principles:            up to twenty-one point eight percent (21.8%)
  (1)The repayment period shall be thirty (30)            of the Loan amount for the Project if it is
    years including a grace period of ten (10)            impossible or uneconomical to purchase any
    years ;                                               goods and services from the eligible source
  (2)The interest rate shall be two point five            country.
    percent (2.5%) per annum ;                          2. The suppliers of goods and services
  (3)The disbursement period shall be forty               necessary for the implementation of the
    (40) months from the effective date of the            Project shall be selected through limited
    Loan Agreement or such other period as the            competitive bidding among Korean companies
    Borrower and the Bank agree upon ;                    or direct contracting with a Korean company.
  (4)A service charge of one-tenth of one               3. The procurement contract shall be concluded
    percent (0.1%) of the amount of each                  within eighteen (18)months after the effective
    disbursement in case of a direct payment              date of the Loan Agreement.
    procedure, or of the amount specified in the        4. Details of the methods and procedures of
    letter of commitment in case of a                     procurement shall be governed by the Loan
    commitment procedure, shall be collected              Agreement.
    by the Bank. All banking charges and/or                                Article 4
    costs for services rendered by banks in             In the event the funds available from the
    connection with disbursements of the                proceeds of the Loan are insufficient for the
    proceeds of the Loan, repayment of                  full implementation of the Project, the Borrower
    principal or payment of interest payable to         shall promptly make arrangements to provide
    the Bank under the Loan Agreement shall             such funds as are needed.
    be subject to a banking arrangement to be                              Article 5
    concluded between the concerned banks of            The proceeds of the Loan shall be disbursed by
    the two countries ; and                             the Bank to the Borrower or, to the supplier on
  (5)In the event the Borrower fails to make            behalf of the Borrower in accordance with the
    payment of all or any portion of the                progress of the Project, up to the amount of the
    principal of the Loan or any other amount           Loan, and within the disbursement period
    when due under the Loan Agreement, the              specified in the Loan Agreement and in
    unpaid amount shall bear an overdue                 accordance with the disbursement procedure
    charge at the rate of two percent(2%) per           under the Loan Agreement.
    annum above the interest rate.                                         Article 6
                    Article 3                           Other terms and conditions to be specified in
1. The eligible source countries for the                the Loan Agreement shall be determined
  procurement of goods and services required            through negotiations between the Borrower and

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