Selanjutnya
AGREEMENT
between
the Government of the Republic of Indonesia
acting through its Minister of Finance
and
the Austrian Federal Ministry of Finance
•
on Financial Cooperation
•
The Government of the Republic of Indonesia acting through its Minister of
Finance and the Austrian Federal Ministry of Finance desiring to expand the existing
friendly relations and to develop the economic and technical cooperation between the two
countries have agreed on Financial Cooperation as follows:
Article 1:
The Austrian Federal Ministry of Finance, through Oesterreichische Kontrollbank
Aktiengesellschaft, Vienna, makes available during the years 1995 to 1996 to the
Government of the Republic of Indonesia acting through its Minister of Finance, according
to the relevant Austrian Laws and Regulations on an exceptional basis a credit frame
drawn from special funds in the amount of
ATS 500,000.000,-(Austrian Schilling fivehundred million).
-2-
This credit frame is to be utilized exclusively for the financing of loans to be
granted by Austrian credit institutions to the appropriate Indonesian agency for the
purchase of Austrian capital goods and services. Goods and services originating outside
Austria may be included up to a percentage of 25 °/o of the contract value.
The loans will be granted provided that the terms and conditions required
according to the relevant Austrian Laws and Regulations are fulfilled by the Austrian
enterprises.
Article 2:
The terms and conditions as well as the procedure for the utilization of the loans
are set forth as follows:
a.
Maturity is 25 years in 36 semiannual instalments, the first being due 7 ,5 years
after completion of each single project or after final delivery.
b.
Interest rate of 3,5 °/o p.a., payable semiannually in arrears on the drawn-down
balance of each loan outstanding from time to time.
c.
The procedure for the utilization of the loans is using an irrevocable letter of credit
procedure opened by Bank Indonesia, or any other procedure as mutually agreed
by the two signing parties of the relevant loan agreements.
-3Article 3:
The projects to be financed under the loans shall be agreed upon through an
exchange of letters between the Indonesian and Austrian appropriate agencies.
Article 4:
The inclusion of purchase contracts eligible for financing within the scope of the
present Agreement shall be effected in a consecutive manner starting from the signing of
the present Agreement until December 31st, 1996, at the latest, drawing into consideration
the international obligations of Austria with specific reference to the relevant guidelines
within the OECD.
Article 5:
All taxes and other public charges levied in Indonesia in connection with the
conclusion and implementation of the present Agreement are to be borne by the
Government of the Republic of Indonesia.
Article 6:
Both signing parties shall, by virtue of their legal competence, facilitate the
conclusion and implementation of contracts between Indonesian and Austrian Executing
Agencies which will be concluded in implementation of the present Agreement, and shall
make every endeavour to the extent that all necessary authorizations may be obtained
from the competent authorities.
-4Article 7:
The provisions of the present Agreement will become effective on the date of
•
•
s1gn1ng.
Done at
ｙ｜ｑＮｾｬａﾰＧ＠
on the
lg. ;1i ,
1995, in four copies in English, each copy
constituting an original.
Signed
Signed
For the Government of the
F6r the Austrian Federal
Republic of Indonesia
Ministry of Finance
between
the Government of the Republic of Indonesia
acting through its Minister of Finance
and
the Austrian Federal Ministry of Finance
•
on Financial Cooperation
•
The Government of the Republic of Indonesia acting through its Minister of
Finance and the Austrian Federal Ministry of Finance desiring to expand the existing
friendly relations and to develop the economic and technical cooperation between the two
countries have agreed on Financial Cooperation as follows:
Article 1:
The Austrian Federal Ministry of Finance, through Oesterreichische Kontrollbank
Aktiengesellschaft, Vienna, makes available during the years 1995 to 1996 to the
Government of the Republic of Indonesia acting through its Minister of Finance, according
to the relevant Austrian Laws and Regulations on an exceptional basis a credit frame
drawn from special funds in the amount of
ATS 500,000.000,-(Austrian Schilling fivehundred million).
-2-
This credit frame is to be utilized exclusively for the financing of loans to be
granted by Austrian credit institutions to the appropriate Indonesian agency for the
purchase of Austrian capital goods and services. Goods and services originating outside
Austria may be included up to a percentage of 25 °/o of the contract value.
The loans will be granted provided that the terms and conditions required
according to the relevant Austrian Laws and Regulations are fulfilled by the Austrian
enterprises.
Article 2:
The terms and conditions as well as the procedure for the utilization of the loans
are set forth as follows:
a.
Maturity is 25 years in 36 semiannual instalments, the first being due 7 ,5 years
after completion of each single project or after final delivery.
b.
Interest rate of 3,5 °/o p.a., payable semiannually in arrears on the drawn-down
balance of each loan outstanding from time to time.
c.
The procedure for the utilization of the loans is using an irrevocable letter of credit
procedure opened by Bank Indonesia, or any other procedure as mutually agreed
by the two signing parties of the relevant loan agreements.
-3Article 3:
The projects to be financed under the loans shall be agreed upon through an
exchange of letters between the Indonesian and Austrian appropriate agencies.
Article 4:
The inclusion of purchase contracts eligible for financing within the scope of the
present Agreement shall be effected in a consecutive manner starting from the signing of
the present Agreement until December 31st, 1996, at the latest, drawing into consideration
the international obligations of Austria with specific reference to the relevant guidelines
within the OECD.
Article 5:
All taxes and other public charges levied in Indonesia in connection with the
conclusion and implementation of the present Agreement are to be borne by the
Government of the Republic of Indonesia.
Article 6:
Both signing parties shall, by virtue of their legal competence, facilitate the
conclusion and implementation of contracts between Indonesian and Austrian Executing
Agencies which will be concluded in implementation of the present Agreement, and shall
make every endeavour to the extent that all necessary authorizations may be obtained
from the competent authorities.
-4Article 7:
The provisions of the present Agreement will become effective on the date of
•
•
s1gn1ng.
Done at
ｙ｜ｑＮｾｬａﾰＧ＠
on the
lg. ;1i ,
1995, in four copies in English, each copy
constituting an original.
Signed
Signed
For the Government of the
F6r the Austrian Federal
Republic of Indonesia
Ministry of Finance