Selanjutnya
AGREEl\'IENT BET.:TEEN THE GOVERNMENT OF THE REPUBLIC
OF INDONESIA AND THE GOVERNMENT OF THE REPUBLIC OF ITALY
FOR THJ:. CONSOLIDATION OF INDONESIA ' S COMMERCIAL DEBTS
The Government of the Republic of Indonesia and the
Government of the Republic of Italy, on the basis of the Agreed
Minute of the Conference held in Paris on December 20 , 1966
have agreed as follows :
Article
I
This Agreement applies to Indonesia ｣ｯｭＮｾ･ｲｩ｡ｬ＠
debts,
1.
both principal and interest, for Italian supplies of goods/or
services :
a) arising under contracts which came into force before
July 1, 1966 and involving periods oi credit of more
than 180 days;
b) which have fallen due on or before December 31, 1967
and remained unpaid at the date of this Agreement;
c) which correspond to the Italian credits covered by
Italian State insurance guarantee provided under the
Italian Laws .
2.
This Agreement shall not affect the juridical ties
estehlished by Law or the obligations under the contracts mentioned in paragraph 1 . Accordingly no provisions thereof shall
be construed so as to justify any modifications in the provisions
of the contracts mentioned in paragraph 1 particulcirly as regards
the payment terms and the maturity dates . Any variations made
after June 30 , 1966 to the contracts mentioned in paragraph 1 and
involving an extension of obligations of Indonesia towards Italy ,
shall be considered as new commitments not covered by this Agreement .
• .. /2 .
-1
I
I
I
- 2 -
Article
II
The Italian Government accepts to consolidate at the
following conditions, the debts, both principal and interest,
mentioned in Article I for the amounts corresponding to the
insured quotas of the Italian credits concerned covered by
Italian State insurance in accordance with the Italian Laws.
1.
The insured Italian credits to which the provisions of
this paragraph apply are listed in the Annex herewith attached.
2.
The reimbursement of each quota of Indonesia's debts
consolidated in accordance with paragraph 1 of this Article
shall be made by the Bank Negara Indonesia - acting on behalf
of the Indonesian Government - in Italian Lire or in any other
convertible currencies, by 32 quarterly instalments as follows:
- 4 quarterly instalments of 1,25% each , payable on
January 1, April 1, July 1 and October 1 of the year
1971;
- 12 quarterly instalments of 2,50% each, payable on
January 1, April 1, July 1 and October 1 of the years
1972, 1973 and 1974;
- 12 quarterly instalments of 3 ,75% each , payable on
January 1, April
1, July 1 and October 1 of the years
.,,
1975, 1976 and 1977;
- 4 quarterly instalments of 5% each, payable on January
1, April 1, July 1 and October 1 of the year 1978.
The amounts devoted to the reimbursement of each of the
consolida ted quotas of the Italian insured credits, shall be
transferred in favour of the Istituto Nazionale delle Assicurazioni, Roma (I.N.A.) - as the Institution charged to grant the
state insurance garantees - by virtue of the substitution in the
rights of the Italian insured creditors .
• .• / 3/
l
- 3 Article
III
1.
On all debts mentioned in Article I consolidated under
Article II, the Indonesian Government shall pay moratorium interest at the rate of 4% (four per cent) per annum .
2.
Moratorium interest said in the above paragraph 1 shall
be transferred in favour of I.N.A. - by virtue of its substitution in the rights of the Italian insured creditors, by the Bank
Negara Indonesia in Italian Lire or in any other convertible
currencies as follows :
a) the total amount of moratorium interest due for the period from
original maturity of Indonesia's debts up to and including December 31, 1970 shall be capitalized on a non compounded basis
and shall be paid , without interest, in 8 (eight) yearly instalments beginning on January 1, 1971 and ending on January 1,
1978;
b) moratorium interest accrued since January 1, 1971 onward shall
be transferred in postponed quarterlies , the first of which
on April 1, 1971.
Article
IV
If the Indonesian Government shall at any time - whether
by right or by fact - grant any terms more favourable than t he
terms contained in this Agreement , being these terms related to
the partial or total settlements of Indonesia's debts, which have
characteristics similar to those described in Article I, the Indonesian Government undertakes to extend immediately no less favourable terms to the Italian Government.
Article
V
The total amount of debts as listed in the Annex are
subj ect to final reconciliation by the ｾ｡ｮｫ＠
Negara Indonesia and
the Italian authorities to be carried out within 60 days from the
signing of the present Agreement .
I
! _____ _
••• /4.
I
- 4 Ar ticle
VI
fhe present Agreement shall come into force on the
d8te of the signature .
Done at Djakarta this seventeenth day of July , 1968 ,
in duplicate , in the English language .
ｆｯｾｴｨ･＠
ｒｾ｢ｬｩ｣＠
Government of the
of Indonesia ,
Signed
Adam Mali k
Minister of For ei gn Affairs .
For the Government of the
Republic of Italy ,
Signed
Pierluigi Alvera
Ambassador of Italy.
..,_
_______________
ｾＭﾷ＠
___,______
IIDOUSIA
- DSURID
0PDA!IOIS
1
(Contract• 'w hich cc.a into f'orce 'p rior to July l,
Ｑｾ＠
,I tall&D crecl1ta over 180 d!(a 1 •tun4 within December 31, 1967 and not p&14 up
fto.
Itall&n creditor
Hin.hr.Tade
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(Inclonea:lan dllbtor)
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or to be
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(14t.)
12701
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10091 •'"8991-5.6.65 )
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frcm N11ilnar-
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(Lit.)
Total uount
ot •tllnd 1c red1t
(on 31.12.67)
1
(Lit.)
u.134 685.411.815
m.sea.125
1.683.000.000
11/135 1.1rr.,2 23.431
733.682.813
1.910.906.250
ll/136 3.f127.359.?'f5
1.7--.359.375
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.2 .100.• 000.000
:2 .100.000.000
78. 956. 931
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12.925.028
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1.219.553.204
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12/405
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............Ｍｾ＠
..
ｾＭﾷ＠
OF INDONESIA AND THE GOVERNMENT OF THE REPUBLIC OF ITALY
FOR THJ:. CONSOLIDATION OF INDONESIA ' S COMMERCIAL DEBTS
The Government of the Republic of Indonesia and the
Government of the Republic of Italy, on the basis of the Agreed
Minute of the Conference held in Paris on December 20 , 1966
have agreed as follows :
Article
I
This Agreement applies to Indonesia ｣ｯｭＮｾ･ｲｩ｡ｬ＠
debts,
1.
both principal and interest, for Italian supplies of goods/or
services :
a) arising under contracts which came into force before
July 1, 1966 and involving periods oi credit of more
than 180 days;
b) which have fallen due on or before December 31, 1967
and remained unpaid at the date of this Agreement;
c) which correspond to the Italian credits covered by
Italian State insurance guarantee provided under the
Italian Laws .
2.
This Agreement shall not affect the juridical ties
estehlished by Law or the obligations under the contracts mentioned in paragraph 1 . Accordingly no provisions thereof shall
be construed so as to justify any modifications in the provisions
of the contracts mentioned in paragraph 1 particulcirly as regards
the payment terms and the maturity dates . Any variations made
after June 30 , 1966 to the contracts mentioned in paragraph 1 and
involving an extension of obligations of Indonesia towards Italy ,
shall be considered as new commitments not covered by this Agreement .
• .. /2 .
-1
I
I
I
- 2 -
Article
II
The Italian Government accepts to consolidate at the
following conditions, the debts, both principal and interest,
mentioned in Article I for the amounts corresponding to the
insured quotas of the Italian credits concerned covered by
Italian State insurance in accordance with the Italian Laws.
1.
The insured Italian credits to which the provisions of
this paragraph apply are listed in the Annex herewith attached.
2.
The reimbursement of each quota of Indonesia's debts
consolidated in accordance with paragraph 1 of this Article
shall be made by the Bank Negara Indonesia - acting on behalf
of the Indonesian Government - in Italian Lire or in any other
convertible currencies, by 32 quarterly instalments as follows:
- 4 quarterly instalments of 1,25% each , payable on
January 1, April 1, July 1 and October 1 of the year
1971;
- 12 quarterly instalments of 2,50% each, payable on
January 1, April 1, July 1 and October 1 of the years
1972, 1973 and 1974;
- 12 quarterly instalments of 3 ,75% each , payable on
January 1, April
1, July 1 and October 1 of the years
.,,
1975, 1976 and 1977;
- 4 quarterly instalments of 5% each, payable on January
1, April 1, July 1 and October 1 of the year 1978.
The amounts devoted to the reimbursement of each of the
consolida ted quotas of the Italian insured credits, shall be
transferred in favour of the Istituto Nazionale delle Assicurazioni, Roma (I.N.A.) - as the Institution charged to grant the
state insurance garantees - by virtue of the substitution in the
rights of the Italian insured creditors .
• .• / 3/
l
- 3 Article
III
1.
On all debts mentioned in Article I consolidated under
Article II, the Indonesian Government shall pay moratorium interest at the rate of 4% (four per cent) per annum .
2.
Moratorium interest said in the above paragraph 1 shall
be transferred in favour of I.N.A. - by virtue of its substitution in the rights of the Italian insured creditors, by the Bank
Negara Indonesia in Italian Lire or in any other convertible
currencies as follows :
a) the total amount of moratorium interest due for the period from
original maturity of Indonesia's debts up to and including December 31, 1970 shall be capitalized on a non compounded basis
and shall be paid , without interest, in 8 (eight) yearly instalments beginning on January 1, 1971 and ending on January 1,
1978;
b) moratorium interest accrued since January 1, 1971 onward shall
be transferred in postponed quarterlies , the first of which
on April 1, 1971.
Article
IV
If the Indonesian Government shall at any time - whether
by right or by fact - grant any terms more favourable than t he
terms contained in this Agreement , being these terms related to
the partial or total settlements of Indonesia's debts, which have
characteristics similar to those described in Article I, the Indonesian Government undertakes to extend immediately no less favourable terms to the Italian Government.
Article
V
The total amount of debts as listed in the Annex are
subj ect to final reconciliation by the ｾ｡ｮｫ＠
Negara Indonesia and
the Italian authorities to be carried out within 60 days from the
signing of the present Agreement .
I
! _____ _
••• /4.
I
- 4 Ar ticle
VI
fhe present Agreement shall come into force on the
d8te of the signature .
Done at Djakarta this seventeenth day of July , 1968 ,
in duplicate , in the English language .
ｆｯｾｴｨ･＠
ｒｾ｢ｬｩ｣＠
Government of the
of Indonesia ,
Signed
Adam Mali k
Minister of For ei gn Affairs .
For the Government of the
Republic of Italy ,
Signed
Pierluigi Alvera
Ambassador of Italy.
..,_
_______________
ｾＭﾷ＠
___,______
IIDOUSIA
- DSURID
0PDA!IOIS
1
(Contract• 'w hich cc.a into f'orce 'p rior to July l,
Ｑｾ＠
,I tall&D crecl1ta over 180 d!(a 1 •tun4 within December 31, 1967 and not p&14 up
fto.
Itall&n creditor
Hin.hr.Tade
Au.tbor1satlea
(Inclonea:lan dllbtor)
Jnpn4 pot&
Poliq ,Amuftt ft1llblarllo.
;M d
or to be
·n lllbuned
(14t.)
12701
Ｎ ｾＱＶＭＵＩ＠
'f lClll't - . , . . ,
10091 •'"8991-5.6.65 )
8839 Y'"8856 ot .
5.6.65 COSllDU ·• a..&
·
'Y/l.li5822 ot
'S ot
le!!U"!d quota
A'IOPnt -lu.de4
frcm N11ilnar-
·aemani
(Lit.)
Total uount
ot •tllnd 1c red1t
(on 31.12.67)
1
(Lit.)
u.134 685.411.815
m.sea.125
1.683.000.000
11/135 1.1rr.,2 23.431
733.682.813
1.910.906.250
ll/136 3.f127.359.?'f5
1.7--.359.375
s.1n.ns.1so
.2 .100.• 000.000
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