Selanjutnya
FINANCIAL PROTOCOL
BETWEEN
THE GOVERNMENT OF THE REPUBLIC OF
ｉｎｄｏｅ
ｾ
AND
THE GOVERNMENT OF THE REPUBLIC OF FRANCE
ａ＠
The
Government of the Republic of Indonesia and
the
Government of the Republic of France, with a view to facilitate the
economic
development of Indonesia,
agreed on the following
provisions.
ARTICLE I A total amount of THREE HUNDRED AND SEVENTY SIX MILLION
FRENCH FRANCS (376 MF), is put at the disposal of the Governmen t of
the Republic of Indonesia in the form of credits for the financing
of goods and services ordered from France (346 MF) and of local
costs
(30 MF) for the economic development projects in Indonesia
mentioned in the attached annex.
ARTICLE II The credits set in article I consist of a
loan from the
French Treasury to the Ministry of Finance, acting on the account
of the Indonesian Government, of ONE HUNDRED AND EIGHTY EIGHT
MILLION FRENCH FRANCS (188 MF) and bankers' credits guaranteed by
the French Treasury coming to a total amount of ONE HUNDRED AND
EIGHTY EIGHT MILLION FRENCH FRANCS (188 MF).
ARTICLE II I The loans from the Treasury and the guaranteed bankers'
credits which are extended in conjunction with the former will be
respectively utilized in the proportion of 50% and 50% of t he
contracts allocated on the present protocol.
The rights of drawing on the Treasury loan will thus be equal
to 50% of the value of the contract goods requirement ordered in
France for e ach contract.
ARTICLE IV The loans from the French Treasury mentioned in article II
have a duration of THIRTY THREE (33) years and are repayable in 40
equal and successive semi-annual instalments, the first one falling
due 162 months after the end of the calendar half year during which
drawings have been made and bear an interest rat e of 2% per annum .
The interes t
due on the balance is repayable at the end of each
calendar half-year.
The guaranteed bankers' credits mention ed in article II will
be redeem ed in 10 years by 20 equal and successive semi-annual
instalments,
the first one falling due six months after the
completion of the project or the deliver ies of equipment,
or the
final delivery of the services, as stipulated in the commercial
contract or in the implementation agreement.
The rate(s)
of
interest is(are) t h e current export rate(s) to which is added the
cost of credit insurance of COFACE.
An implementation agreement ｢･ｴｾｮ＠
the Ministry of Finance
of the Republic of Indonesia on the one hand and Credit National
acting on account of the French government and th e French banks on
the other hand, will stipulate the mo dalities of u tilizat i on and
reimbursement of t hese facilities.
ARTICLE V Each order is subject to a contract between the French
supplier and the Indonesian buyer, the qualification of whi c h
into
the present agreement requires a prior approval of the c ompetent
French and Indonesian authorities.
French fran c will be used as currenc y of account and c urre ncy
of payment of the contract.
A down-payment of at least 10% of the amount of the co ntra ct
will be paid when placing the order by drawing on the Treasur y l oan
and the balance will be settled between the order and its receipt
in conformity with the terms and condit i ons of the con tract,
by
jointly and proportionally utilizing the means of
ｦｩｮ｡
｣ｩｮｾ＠
foreseen in article II in accordance with th e modalities of arti c l e
II of the present agreement.
ARTICLE VI The ultimate date for the signing of the contract(s)
to be
financed under the present agreement is set at November 30,1988.
No drawing may be made from the Treasur y loans allocat ed
the present protocol after November 30, 1991
by
ARTICLE VII The contracts financed under the present Protocol
are
invoiced at F.O.B price.
However,
financing of freight
and
insurance may be provided through use of the Treasury loans and
guaranteed export-credits in the proportions referred to in Article
II supra, when:
transport is executed under a bill of lading issued b y a
French shipowner and supported by a certi fication issued by Fren ch
Board of Merchant Marine;
the insurance is contracted wit h a Fr e n c h firm.
ARTI CLE VIII Any party ma y proceed to und e rtake pos t evaluation of the
projec t
finan c ed under this proto co l provided the ･ｸｩｳｴｮ｣ｾ＠
of a
prior information formalised by an excha nge of l etters b etwP.en the
French Economic and Commercial Counsellor to the French ｅｭ ｢ ｡ｳｾ＠
in
Indonesia and BAPPENAS.
Audit results will be forwarded to
th
BETWEEN
THE GOVERNMENT OF THE REPUBLIC OF
ｉｎｄｏｅ
ｾ
AND
THE GOVERNMENT OF THE REPUBLIC OF FRANCE
ａ＠
The
Government of the Republic of Indonesia and
the
Government of the Republic of France, with a view to facilitate the
economic
development of Indonesia,
agreed on the following
provisions.
ARTICLE I A total amount of THREE HUNDRED AND SEVENTY SIX MILLION
FRENCH FRANCS (376 MF), is put at the disposal of the Governmen t of
the Republic of Indonesia in the form of credits for the financing
of goods and services ordered from France (346 MF) and of local
costs
(30 MF) for the economic development projects in Indonesia
mentioned in the attached annex.
ARTICLE II The credits set in article I consist of a
loan from the
French Treasury to the Ministry of Finance, acting on the account
of the Indonesian Government, of ONE HUNDRED AND EIGHTY EIGHT
MILLION FRENCH FRANCS (188 MF) and bankers' credits guaranteed by
the French Treasury coming to a total amount of ONE HUNDRED AND
EIGHTY EIGHT MILLION FRENCH FRANCS (188 MF).
ARTICLE II I The loans from the Treasury and the guaranteed bankers'
credits which are extended in conjunction with the former will be
respectively utilized in the proportion of 50% and 50% of t he
contracts allocated on the present protocol.
The rights of drawing on the Treasury loan will thus be equal
to 50% of the value of the contract goods requirement ordered in
France for e ach contract.
ARTICLE IV The loans from the French Treasury mentioned in article II
have a duration of THIRTY THREE (33) years and are repayable in 40
equal and successive semi-annual instalments, the first one falling
due 162 months after the end of the calendar half year during which
drawings have been made and bear an interest rat e of 2% per annum .
The interes t
due on the balance is repayable at the end of each
calendar half-year.
The guaranteed bankers' credits mention ed in article II will
be redeem ed in 10 years by 20 equal and successive semi-annual
instalments,
the first one falling due six months after the
completion of the project or the deliver ies of equipment,
or the
final delivery of the services, as stipulated in the commercial
contract or in the implementation agreement.
The rate(s)
of
interest is(are) t h e current export rate(s) to which is added the
cost of credit insurance of COFACE.
An implementation agreement ｢･ｴｾｮ＠
the Ministry of Finance
of the Republic of Indonesia on the one hand and Credit National
acting on account of the French government and th e French banks on
the other hand, will stipulate the mo dalities of u tilizat i on and
reimbursement of t hese facilities.
ARTICLE V Each order is subject to a contract between the French
supplier and the Indonesian buyer, the qualification of whi c h
into
the present agreement requires a prior approval of the c ompetent
French and Indonesian authorities.
French fran c will be used as currenc y of account and c urre ncy
of payment of the contract.
A down-payment of at least 10% of the amount of the co ntra ct
will be paid when placing the order by drawing on the Treasur y l oan
and the balance will be settled between the order and its receipt
in conformity with the terms and condit i ons of the con tract,
by
jointly and proportionally utilizing the means of
ｦｩｮ｡
｣ｩｮｾ＠
foreseen in article II in accordance with th e modalities of arti c l e
II of the present agreement.
ARTICLE VI The ultimate date for the signing of the contract(s)
to be
financed under the present agreement is set at November 30,1988.
No drawing may be made from the Treasur y loans allocat ed
the present protocol after November 30, 1991
by
ARTICLE VII The contracts financed under the present Protocol
are
invoiced at F.O.B price.
However,
financing of freight
and
insurance may be provided through use of the Treasury loans and
guaranteed export-credits in the proportions referred to in Article
II supra, when:
transport is executed under a bill of lading issued b y a
French shipowner and supported by a certi fication issued by Fren ch
Board of Merchant Marine;
the insurance is contracted wit h a Fr e n c h firm.
ARTI CLE VIII Any party ma y proceed to und e rtake pos t evaluation of the
projec t
finan c ed under this proto co l provided the ･ｸｩｳｴｮ｣ｾ＠
of a
prior information formalised by an excha nge of l etters b etwP.en the
French Economic and Commercial Counsellor to the French ｅｭ ｢ ｡ｳｾ＠
in
Indonesia and BAPPENAS.
Audit results will be forwarded to
th