Selanjutnya
EMBASSY OF T HE REPUBLIC OF KOREA
July 5, 1995
Exce 11 ency,
I have the honour to confirm
the
following
understanding
recently reached between the Government of the Republic of
and
the Government of
Korean
loan
the Republic
Korea
of Indonesia concerning a
to be extended to the Government of the Republic of
Indonesia with a view to supporting
the economic development of
Indonesia and promoting the economic cooperation between the two
countries.
1.
The government of the Republic of Korea shall extend
to
the
Government of the Republic of Indonesia a loan in Korean Won
up to the amount of eight billion one hundred and ten million
won (W8, 110,000,000)
from
the
(hereinafter referred to as "the Loan")
Economic Development
referred to
as "the EDCF")
Development
of
(hereinafter
referred
Cooperation Fund (hereinafter
for the
implementation of the
Business and Col1111erce Education
to as "the Project").
His Excellency Ali Alatas, S.H.
Minister of Foreign Affairs
of the Republic of Indonesia
Jakarj__a
I
Project
2.
(1)
The Loan wi 11
be made avai table
by a loan agreement
(hereinafter referred to as "the Loan Agreement") to
concluded between
Indonesia and
(hereinafter
Government
(2)
The
be
the Government of the Republic of
Bank
the Export - Import
referred
Agency for
to as
"the Bank"),
of
Korea
as
the
the EDCF.
terms and conditions of the Loan, as well as the
procedures for
its utilization,
will
be governed by
the Loan Agreement which will contain,
inter alia,
the following principles:
(a)
The repayment period will be twenty-five(25) years
including the grace period of seven(?) years;
(b)
The rate of interest will be three and a half(3.5)
percent per annum; and
(c)
The
disbursement
months
from
Agreement
of
or
period will
the date of
be thirty-six(36)
signing of
the Loan
such other period as the Government
the Republic of
agree upon.
2
Indonesia and the Bank may
3.
(1)
The proceeds of the Loan will be used to cover payments
to be made by the project executing agency of Indonesia
to suppliers,
eligible
be
contractors
and/or
consultants of the
source countries under such contracts as may
entered
into between
them for
goods and services required for
the
procurements of
implementation of
the Project.
(2)
The scope of the eligible source countries mentioned in
sub-paragraph (1) above will be agreed upon between the
authorities concerned of the two Governments.
4.
A part
of
the Loan may be used
to cover
eligible local
currency requirements for the implementation of the Project.
5.
With regard to the shipping and marine
procured under the Loan,
Indonesia
may hinder
the Government
insurance of goods
of the Republic of
shall refrain from imposing any restrictions that
fair and free competition between
the shipping
and marine insurance companies of the two countries.
3
6.
Government
take
of the Republic
necessary measures
Korean nationals
to
of Indonesia shall endeavour to
facilitate
activities
involved with the Project
of the
and assist them
in obtaining such services and conveniences
as may be
required to carry out their mission in Indonesia.
7.
The Government of the Republic of Indonesia shall exempt the
Bank
from
on and/or
accruing
8.
any
fiscal
levy or
in
connection with
tax imposed
the Loan
in Indonesia
and
interest
therefrom.
The Government
of
the Republic of Indonesia shall
take
necessary measures to ensure that the facilities constructed
with the Loan be maintained and used for
the best
of the
purposes prescribed in this agreement.
9.
The two Governments
consult
each
other
implementation of
measures
to
shall,
ensure
utilization of
the
on
at the request of either party,
all
matters
concerning the
Loan Agreement and take necessary
the
most
the Loan.
4
proper
and effective
If the above provisions are acceptable to the Government
the Republic of Indonesia,
that the present
that
effect
Note
shall
Governments on
of
I further have the honour to propose
and Your Excellency's Note
constitute an agreement
this matter,
in reply
between the
to
two
which enters into force on the date
of Your Excellency's Note in reply.
I
avail
Excellency
the
myself
of
this
opportunity
assurances of my highest
to
renew
to Your
consideration.
Signed
Hyung-Ki MIN
Ambassador Extraordinary and
Plenipotentiary of
the Republic of Korea
5
DEPARTMENT Of FOREIGN AFFAIRS
REPUBLIC Of INDONESIA
July
5 ,1995
Excellency,
I have the honour to acknowledge receipt of Your Excellency's Note of today,
which reads as follows :
" I have the honour to confirm the following understanding recently reached
between the Government of the Republic of Korea and the Government of the Republic
of Indonesia concerning a Korean loan to be extended to the Government of the Republic
of Indonesia with a view to supporting the economic development of Indonesia and
promoting the economic cooperation between the two countries.
1.
The Government of the Republic of Korea shall extend to the Government of tl\e
Republic of Indonesia a loan in Korean Won up to the amount of Eight Billion
One Hundred and Ten Million Won (W8,110,000,000) (hereinafter referred to as
"the Loan") from the Economic Development Cooperation Fund (hereinafter
referred to as "the EDCF") for the implementation of the Development of Business
and Commerce Education Project (ltereinafter referred to as "the Project").
2.
(1)
(2)
The Loan will be made available by a loan agreement (hereinafter referred
to as "the Loan Agreement") to be concluded between the Government of
the Republic of Indonesia and the Export-Import Bank of Korea
(hereinafter referred to as "the Bank"), as the Government Agency for the
EDCF.
The terms and conditions of the Loan, as well as the procedures for its
utilization, will be governed by the Loan Agreement which will contain,
inter alia, the following principles:
(a)
The repayment period will be twenty-five (25) years including the
grace period of seven (7) years;
His Excellency
Mr. Hyung-Ki MIN
Ambassador of the Republic of Korea
J akar ta
(b)
The rate of interest will be three and a half (3.5) percent per annum;
and
.;
(c)
3.
The disbursement period will be thirty-six (36) months from the date
of signing of the Loan Agreement or such other period as the
Government of the Republic of Indonesia and the Bank may agree
upon.
(1)
The proceeds of the· Loan will be used to cover payments to be made by
the project executing agency of Indonesia to suppliers, contractors and/or
consultants of the eligible source countries under such contracts as may be
entered into between them for procureme.nts of goods and services required
for the implementation of the Project.
(2)
The scope of the eligible source countries mentioned in sub-paragraph (1)
above will be agreed upon between the authorities concerned of the two
Governments.
4.
A part of the Loan may ｢ｾ＠ used to cover eligible local currency requirements for
the implementation of the Project.
5.
With regard to the shipping and marine insurance of goods procured under the
Loan, the Government of the Republic of Indonesia shall refrain from imposin&
any restrictions that may hinder fair and free competition between the shipping and
marine insurance companies of the two countries.
6.
The Government of the Republic of Indonesia shall endeavour to take necessary
measures to facilitate activities of tile Korean nationals involved with the Project
and assist them in obtaining such services and conveniences as may be required to
carry out their mission in Indonesia.
7.
The Government of the ·Republic of Indonesia shall exempt the Bank from any
fiscal levy or tax imposed in Indonesia on and/or in connection with the Loan and
interest accruing therefrom.
8.
The Government of the Republic of Indonesia shall take necessary measures to
ensure that the facilities constructed with the Loan be maintained and used for the
best of the purposes prescribed in this agreement. ·
9.
The two Governments shall, at the request of either party, consult each other on
all matters concerning the implementation of the Loan Agreement and take
necessary measures to ensure the most proper and effective utilization of the Loan.
If the above provisions are acceptable to the Government of the Republic of
Indonesia, I further have the honour to propose that the present No.te and Your
Excellency's Note in reply to that effect shall constitute an agreement between the two
Governments on this matter, which enters into force on the date of Your Excellency's
Note in reply . "
I have further the honour to inform Your Excellency that., the foregoing proposal
is acceptable to the Government of the Republic of Indonesia and to agree that Your
Excellency's Note and this Note in reply shall constitute an agreement between the two.
Governments, which enters into force on the date of this Note in reply.
I avail myself of this opportunity to renew to Your Excellency the assurances of
my highest, consideration.
Director General for Foreign
Economic Relations
Department of Foreign Affairs of
the Republic of Indonesia
-
Signed
Soemadi D.M. Brotodiningrat
•
RECORD OF DISCUSSION
In connection with the Exchange of Notes between the Government of the Republic
of Korea and the Government of the Republic of Indonesia concerning an EDCF Loan
(hereinafter referred to as "the Loan") to be extended to the Government of the Republic
of Indonesia for the implementation of the Development of Business and Commerce
Education Project (hereinafter referred to as "the Project"), the representatives of the two
G0vernments wish to record the following :
1.
With regard to sub-paragraph (1) of paragraph 2 of the Exchange of Notes, the
representative of the Government of the Republic of Indonesia stated that the loan
amount stipulated in the loan agreement between the Government of the Republic
of Indonesia and the Export-Import Bank of Korea, shall be the same to the
amount stipulated in paragraph 1 of the Exchange of Notes.
2.
With regard to sub-paragraph (2) of paragraph 3 of the Exchange of Notes
concerning the scope of eligible source countries, the representative of the
Government of the Republic of Korea stated that :
(1)
The eligible source countries for the procurement of goods and services,
including consulting services required for the implementation of the Project
will be the Republic of Korea and Indonesia;
(2)
The suppliers of goods and/or services necessary for the implementation of
the Project shall be selected through competitive bidding among suppliers
of the eligible source countries , or through other methods to be agreed upon
between the Export-Import Bank of Korea (hereinafter referred to as "the
Bank") and the Government of the Republic of Indonesia where such
competitive bidding is inapplicable or inappropriate; and
(3)
Goods which contain materials imported from the countries other than the
eligible source countries shall be eligible for financing under the Loan, if
the imported portion is less than fifty per cent (50%) of the contract price
of such goods in accordance with the following formula.
(a)
When the Indonesian suppliers are awarded the contract concerned,
Imported C. I. F. Price + Import Duty
x
100
Suppliers' Ex - Factory Price
(b)
When the Korean suppliers are awarded the contract concerned,
Imported C. I. F. Price + Import Duty
Suppliers'
3.
4.
x
100
F.O.B. Price
With regard to paragraph 4 of the Exchange of Notes concerning the financing of
eligible local currency requirements for the implementation of the Project, the
representative of the Government of the Republic of Korea stated that :
( 1)
The amount to be allocated to cover the local currency for the
implementation of the Project shall be determined in accordance with the
result of the Appraisal Report of the Bank. In any case, however, such
amount shall not exceed nine hundred and seventy three million Korean
Won (W 973,000,000).
(2)
The portion of local currency necessitate for the payment of the general
administration expenses, taxes and duties, the purchase of land and other
real properties, the compensation, and the like, and other items not directly
related to the implementation of the Project shall not be eligible for
financing under the Loan.
The representative of the Government of the Republic of Korea also stated the
following :
(1)
Should the funds available from the proceeds of the Loan be insufficient
for the implementation of the Project, the Government of the Republic of
Indonesia shall make arrangements promptly to provide such funds as shall
be needed;
2
(2)
5.
Other terms and conditions to be specified in the Loan Agreement shall be
determined through negotiations between the Bank and the Government of
the Republic of Indonesia.
The representative of the Government of the Republic of Indonesia stated that
it has no objection to the statements mentioned in paragraphs 2, 3 and 4 above.
July 5, 1995
For the Government of
the Republic of Korea
For the Government of
the Republic of Indonesia
Signed
Signed
S-oemadi D.M. Brotodiningrat
Hyung-Ki MIN .
Director General for Foreign
Economic Relations
Department of Foreign Affairs
Ambassador Extraordinary
and Plenipotentiary
3
July 5, 1995
Exce 11 ency,
I have the honour to confirm
the
following
understanding
recently reached between the Government of the Republic of
and
the Government of
Korean
loan
the Republic
Korea
of Indonesia concerning a
to be extended to the Government of the Republic of
Indonesia with a view to supporting
the economic development of
Indonesia and promoting the economic cooperation between the two
countries.
1.
The government of the Republic of Korea shall extend
to
the
Government of the Republic of Indonesia a loan in Korean Won
up to the amount of eight billion one hundred and ten million
won (W8, 110,000,000)
from
the
(hereinafter referred to as "the Loan")
Economic Development
referred to
as "the EDCF")
Development
of
(hereinafter
referred
Cooperation Fund (hereinafter
for the
implementation of the
Business and Col1111erce Education
to as "the Project").
His Excellency Ali Alatas, S.H.
Minister of Foreign Affairs
of the Republic of Indonesia
Jakarj__a
I
Project
2.
(1)
The Loan wi 11
be made avai table
by a loan agreement
(hereinafter referred to as "the Loan Agreement") to
concluded between
Indonesia and
(hereinafter
Government
(2)
The
be
the Government of the Republic of
Bank
the Export - Import
referred
Agency for
to as
"the Bank"),
of
Korea
as
the
the EDCF.
terms and conditions of the Loan, as well as the
procedures for
its utilization,
will
be governed by
the Loan Agreement which will contain,
inter alia,
the following principles:
(a)
The repayment period will be twenty-five(25) years
including the grace period of seven(?) years;
(b)
The rate of interest will be three and a half(3.5)
percent per annum; and
(c)
The
disbursement
months
from
Agreement
of
or
period will
the date of
be thirty-six(36)
signing of
the Loan
such other period as the Government
the Republic of
agree upon.
2
Indonesia and the Bank may
3.
(1)
The proceeds of the Loan will be used to cover payments
to be made by the project executing agency of Indonesia
to suppliers,
eligible
be
contractors
and/or
consultants of the
source countries under such contracts as may
entered
into between
them for
goods and services required for
the
procurements of
implementation of
the Project.
(2)
The scope of the eligible source countries mentioned in
sub-paragraph (1) above will be agreed upon between the
authorities concerned of the two Governments.
4.
A part
of
the Loan may be used
to cover
eligible local
currency requirements for the implementation of the Project.
5.
With regard to the shipping and marine
procured under the Loan,
Indonesia
may hinder
the Government
insurance of goods
of the Republic of
shall refrain from imposing any restrictions that
fair and free competition between
the shipping
and marine insurance companies of the two countries.
3
6.
Government
take
of the Republic
necessary measures
Korean nationals
to
of Indonesia shall endeavour to
facilitate
activities
involved with the Project
of the
and assist them
in obtaining such services and conveniences
as may be
required to carry out their mission in Indonesia.
7.
The Government of the Republic of Indonesia shall exempt the
Bank
from
on and/or
accruing
8.
any
fiscal
levy or
in
connection with
tax imposed
the Loan
in Indonesia
and
interest
therefrom.
The Government
of
the Republic of Indonesia shall
take
necessary measures to ensure that the facilities constructed
with the Loan be maintained and used for
the best
of the
purposes prescribed in this agreement.
9.
The two Governments
consult
each
other
implementation of
measures
to
shall,
ensure
utilization of
the
on
at the request of either party,
all
matters
concerning the
Loan Agreement and take necessary
the
most
the Loan.
4
proper
and effective
If the above provisions are acceptable to the Government
the Republic of Indonesia,
that the present
that
effect
Note
shall
Governments on
of
I further have the honour to propose
and Your Excellency's Note
constitute an agreement
this matter,
in reply
between the
to
two
which enters into force on the date
of Your Excellency's Note in reply.
I
avail
Excellency
the
myself
of
this
opportunity
assurances of my highest
to
renew
to Your
consideration.
Signed
Hyung-Ki MIN
Ambassador Extraordinary and
Plenipotentiary of
the Republic of Korea
5
DEPARTMENT Of FOREIGN AFFAIRS
REPUBLIC Of INDONESIA
July
5 ,1995
Excellency,
I have the honour to acknowledge receipt of Your Excellency's Note of today,
which reads as follows :
" I have the honour to confirm the following understanding recently reached
between the Government of the Republic of Korea and the Government of the Republic
of Indonesia concerning a Korean loan to be extended to the Government of the Republic
of Indonesia with a view to supporting the economic development of Indonesia and
promoting the economic cooperation between the two countries.
1.
The Government of the Republic of Korea shall extend to the Government of tl\e
Republic of Indonesia a loan in Korean Won up to the amount of Eight Billion
One Hundred and Ten Million Won (W8,110,000,000) (hereinafter referred to as
"the Loan") from the Economic Development Cooperation Fund (hereinafter
referred to as "the EDCF") for the implementation of the Development of Business
and Commerce Education Project (ltereinafter referred to as "the Project").
2.
(1)
(2)
The Loan will be made available by a loan agreement (hereinafter referred
to as "the Loan Agreement") to be concluded between the Government of
the Republic of Indonesia and the Export-Import Bank of Korea
(hereinafter referred to as "the Bank"), as the Government Agency for the
EDCF.
The terms and conditions of the Loan, as well as the procedures for its
utilization, will be governed by the Loan Agreement which will contain,
inter alia, the following principles:
(a)
The repayment period will be twenty-five (25) years including the
grace period of seven (7) years;
His Excellency
Mr. Hyung-Ki MIN
Ambassador of the Republic of Korea
J akar ta
(b)
The rate of interest will be three and a half (3.5) percent per annum;
and
.;
(c)
3.
The disbursement period will be thirty-six (36) months from the date
of signing of the Loan Agreement or such other period as the
Government of the Republic of Indonesia and the Bank may agree
upon.
(1)
The proceeds of the· Loan will be used to cover payments to be made by
the project executing agency of Indonesia to suppliers, contractors and/or
consultants of the eligible source countries under such contracts as may be
entered into between them for procureme.nts of goods and services required
for the implementation of the Project.
(2)
The scope of the eligible source countries mentioned in sub-paragraph (1)
above will be agreed upon between the authorities concerned of the two
Governments.
4.
A part of the Loan may ｢ｾ＠ used to cover eligible local currency requirements for
the implementation of the Project.
5.
With regard to the shipping and marine insurance of goods procured under the
Loan, the Government of the Republic of Indonesia shall refrain from imposin&
any restrictions that may hinder fair and free competition between the shipping and
marine insurance companies of the two countries.
6.
The Government of the Republic of Indonesia shall endeavour to take necessary
measures to facilitate activities of tile Korean nationals involved with the Project
and assist them in obtaining such services and conveniences as may be required to
carry out their mission in Indonesia.
7.
The Government of the ·Republic of Indonesia shall exempt the Bank from any
fiscal levy or tax imposed in Indonesia on and/or in connection with the Loan and
interest accruing therefrom.
8.
The Government of the Republic of Indonesia shall take necessary measures to
ensure that the facilities constructed with the Loan be maintained and used for the
best of the purposes prescribed in this agreement. ·
9.
The two Governments shall, at the request of either party, consult each other on
all matters concerning the implementation of the Loan Agreement and take
necessary measures to ensure the most proper and effective utilization of the Loan.
If the above provisions are acceptable to the Government of the Republic of
Indonesia, I further have the honour to propose that the present No.te and Your
Excellency's Note in reply to that effect shall constitute an agreement between the two
Governments on this matter, which enters into force on the date of Your Excellency's
Note in reply . "
I have further the honour to inform Your Excellency that., the foregoing proposal
is acceptable to the Government of the Republic of Indonesia and to agree that Your
Excellency's Note and this Note in reply shall constitute an agreement between the two.
Governments, which enters into force on the date of this Note in reply.
I avail myself of this opportunity to renew to Your Excellency the assurances of
my highest, consideration.
Director General for Foreign
Economic Relations
Department of Foreign Affairs of
the Republic of Indonesia
-
Signed
Soemadi D.M. Brotodiningrat
•
RECORD OF DISCUSSION
In connection with the Exchange of Notes between the Government of the Republic
of Korea and the Government of the Republic of Indonesia concerning an EDCF Loan
(hereinafter referred to as "the Loan") to be extended to the Government of the Republic
of Indonesia for the implementation of the Development of Business and Commerce
Education Project (hereinafter referred to as "the Project"), the representatives of the two
G0vernments wish to record the following :
1.
With regard to sub-paragraph (1) of paragraph 2 of the Exchange of Notes, the
representative of the Government of the Republic of Indonesia stated that the loan
amount stipulated in the loan agreement between the Government of the Republic
of Indonesia and the Export-Import Bank of Korea, shall be the same to the
amount stipulated in paragraph 1 of the Exchange of Notes.
2.
With regard to sub-paragraph (2) of paragraph 3 of the Exchange of Notes
concerning the scope of eligible source countries, the representative of the
Government of the Republic of Korea stated that :
(1)
The eligible source countries for the procurement of goods and services,
including consulting services required for the implementation of the Project
will be the Republic of Korea and Indonesia;
(2)
The suppliers of goods and/or services necessary for the implementation of
the Project shall be selected through competitive bidding among suppliers
of the eligible source countries , or through other methods to be agreed upon
between the Export-Import Bank of Korea (hereinafter referred to as "the
Bank") and the Government of the Republic of Indonesia where such
competitive bidding is inapplicable or inappropriate; and
(3)
Goods which contain materials imported from the countries other than the
eligible source countries shall be eligible for financing under the Loan, if
the imported portion is less than fifty per cent (50%) of the contract price
of such goods in accordance with the following formula.
(a)
When the Indonesian suppliers are awarded the contract concerned,
Imported C. I. F. Price + Import Duty
x
100
Suppliers' Ex - Factory Price
(b)
When the Korean suppliers are awarded the contract concerned,
Imported C. I. F. Price + Import Duty
Suppliers'
3.
4.
x
100
F.O.B. Price
With regard to paragraph 4 of the Exchange of Notes concerning the financing of
eligible local currency requirements for the implementation of the Project, the
representative of the Government of the Republic of Korea stated that :
( 1)
The amount to be allocated to cover the local currency for the
implementation of the Project shall be determined in accordance with the
result of the Appraisal Report of the Bank. In any case, however, such
amount shall not exceed nine hundred and seventy three million Korean
Won (W 973,000,000).
(2)
The portion of local currency necessitate for the payment of the general
administration expenses, taxes and duties, the purchase of land and other
real properties, the compensation, and the like, and other items not directly
related to the implementation of the Project shall not be eligible for
financing under the Loan.
The representative of the Government of the Republic of Korea also stated the
following :
(1)
Should the funds available from the proceeds of the Loan be insufficient
for the implementation of the Project, the Government of the Republic of
Indonesia shall make arrangements promptly to provide such funds as shall
be needed;
2
(2)
5.
Other terms and conditions to be specified in the Loan Agreement shall be
determined through negotiations between the Bank and the Government of
the Republic of Indonesia.
The representative of the Government of the Republic of Indonesia stated that
it has no objection to the statements mentioned in paragraphs 2, 3 and 4 above.
July 5, 1995
For the Government of
the Republic of Korea
For the Government of
the Republic of Indonesia
Signed
Signed
S-oemadi D.M. Brotodiningrat
Hyung-Ki MIN .
Director General for Foreign
Economic Relations
Department of Foreign Affairs
Ambassador Extraordinary
and Plenipotentiary
3