commiss decis juli propos aid germani chines ship compani cosco construct contain vessel german text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof regard council direct eec decemb aid shipbuild articl thereof notic accord articl interest parti submit comment regard comment letter march commun yard complain distort competit result german govern intent grant develop aid chines ship compani construct contain vessel commiss letter april invit german author notifi project pursuant articl direct eec letter april german author state neg decis request shipbuild consortium bremer vulkan hdw gdr yard financi support develop aid condit shipbuild contract cosco china ocean ship compani complaint yard august commiss letter august invit german author notifi develop aid plan relat cosco contract german author letter date septemb state question extent develop aid grant cosco contract await project assess kreditanstalt fuer wiederaufbau septemb german author notifi organ econom cooper develop oecd develop aid provis oecd understand export credit ship term condit subsid loan relat project build teu contain vessel cosco danish govern letter octob complain commiss cosco aid project commiss letter octob gave german author final work dai notifi cosco aid project german answer letter date octob novemb ii inform commiss transact german yard cosco concern build teu contain ship teu contain ship notif german govern gave inform detail case cosco peke order contain ship teu total price dm yard mention build ship bremer vulkan bremen hdw kiel mathia thesen werft wismar warnow werft warnemuend detail regard loan loan cover contract price durat year annual interest rate condit result oecd grant element commiss rais question relat price ship german govern notif respond high price teu contain vessel relat high qualiti speed specif knot vessel german author consid contract involv normal commerci price ship deduct made speed qualiti specif dm million cost prefinanc credit insur normal oper aid ceil view commiss incorpor assess long stand satisfactori procedur develop aid german govern state incorpor price consider commiss assess develop aid project creat uncertainti award shipbuild contract term develop content aid german author state intend china cover greatli increas transport save hard currenc boost export contain ship develop integr transport system door door transport chines eighth year plan major object addit acquir save foreign currenc greater extent mainten maximum independ foreign countri regard oversea transport increas transport background econom growth china underdevelop rail inland waterwai system iii loan cosco assess accord provis articl direct eec articl state aid shipbuild ship convers grant develop aid subject prevail common maximum aid ceil articl letter sg januari commiss inform member state aid subject prior individu notif commiss verifi specif develop content propos aid letter number criteria compli commiss satisfi propos aid fall scope oecd understand export credit ship includ requir grant element contract recipi countri list elig countri china list elig countri credit condit cosco contract notifi oecd understand export credit ship minimum grant equival spite german author explan letter octob novemb state develop consider previou practic develop aid relat china commiss doubt genuin develop aid charact propos aid due thing lack transpar price aspect view fact receiv inform indic prevail market price contain vessel question report contract price dm million teu contain vessel clear commiss propos aid consid develop aid china oper aid german shipyard concern repli german author date octob novemb inform allow doubt surround alleg overpr elimin strong reaction shipbuild market reinforc impress overpr german yard context financ support head develop aid oper subsidi favour german shipbuild industri allow normal aid ceil exceed genuin develop aid commiss account fact vessel question intend cosco worldwid servic oper europ east commiss doubt genuin develop charact propos aid involv yard situat german democrat republ complic factor commiss time receiv offici notif oper aid scheme mecklenburg vorpommern shipyard author grant aid yard final clear commiss teu contain vessel fit cosco project yard vessel built level support scheme made part contract background commiss decid initi articl procedur order examin genuin develop aid charact aid project build teu contain vessel teu contain vessel form part aid project cosco assess compat common market iv give notic initi procedur member state parti concern submit comment unit kingdom danish govern european commun shipown associ associ danish shipbuild danish shipown associ summari comment receiv refer basic point price quot contain vessel bremer vulkan market price justifi normal competit situat doubt express genuin develop charact propos aid view subsidi shipbuild industri grant aid lead distort competit ship market claim base fact cosco world largest contain ship compani constitut strong competitor commun shipown pursu aggress freight price polici virtu subsidi upgrad qualiti fleet increas carri capac maintain low freight rate polici detriment commun shipown comment receiv member state parti concern transmit commiss german govern letter date march give german govern opportun submit repli german govern react open procedur letter date march juli fax date juli juli letter date april german govern react comment member state parti concern comment summar german govern explain price base market price assess teu contain ship dm million studi shipbuild market novemb made commiss independ consult actual price cosco ship higher dm million ship specif differ respect higher speed knot requir stronger motor increas length ship ship carri contain teu cool contain specif requir extra energi suppli type control system result addit cost dm million contrast consult studi base payment cash build time agre paid sign contract deliveri addit prefinanc cost amount dm million yard pai credit insur premium event cash payment consult studi dm million consult studi account price contain cost contain supplementari equip ad basic price dm million dm million addit cost dm million lead final price dm million comparison consult basic price dm million german govern state aid natur develop aid relev criteria articl direct eec commiss letter sg januari fulfil credit equival aid aim support open china foreign trade improv econom social develop china list elig countri fear distort competit ship market german govern point direct eec forbid develop aid construct merchant ship german govern state smaller teu contain vessel deliv rubymont maritim subsidiari cosco financ develop aid accord normal oecd condit german govern state yard german democrat republ mathia thesen yard involv constructin teu vessel derog direct eec favour shipyard german democrat republ adopt council juli state mathia thesen yard reduc capac cgt juli german govern reason decis cosco case await agreement timet shipbuild capac reduct german democrat republ requir derog vi articl direct eec aid shipbuild grant develop aid subject normal ceil oper aid deem compat common market compli oecd understand export credit ship letter januari commiss inform member state interpret articl direct eec repeat individu aid propos subject prior notif commiss verifi basi notif propos aid constitut develop aid fell scope oecd understand investig propos aid compli criteria laid oecd document wp januari interpret articl understand export credit ship basic criteria adher member state grant develop aid aid grant construct ship oper flag conveni event aid classifi offici develop aid framework oecd understand donor confirm aid part intergovernment agreement donor provid proof owner resid recipi countri recipi compani oper subsidiari foreign compani recipi give undertak sell ship prior govern approv grant element contract accord oecd method calcul oecd document wp octob countri involv commiss list countri elig develop aid articl direct eec clear commiss requir establish aid grant respect individu contract liabl individu notif articl direct constitut develop aid criteria condit met relat cosco contract commiss make remark german author explain higher contract price ship refer specif higher speed extra financi cost due soft loan condit explan price remain upper end prevail market price type ship commiss posit basi inform demonstr price packag act aid shipbuild yard german author point china increas transport result possibl earn save hard currenc import export mention china object maintain maximum independ foreign countri oversea transport underdevelop rail inland waterwai system assess aid commiss establish repres genuin develop aid oper subsidi german shipyard necess aid essenti condit assess state court justic case philip morri offici cosco fleet own long term charter vessel expert estim subsidiari interest cosco control higher number ship vast major vessel oper time charter spot charter market world vessel contain ship fastest grow part cosco fleet recent year make largest contain oper world averag ag cosco fleet year account aim engag long term fleet renew programm inform commiss contain tonnag deploi pacif compani servic mediterranean north west europ moment cosco oper teu vessel mediterranean servic similar number north west europ servic compani major aim set integr network europ cosco past year financ fleet renew programm gener lead conclus cosco compani develop aid order contribut china develop compani financi capabl bui ship normal market oper intern ship rout time charter spot contract oper directli link china import export trade view situat grant unjustifi aid cosco carri risk creat distort competit extent contrari common interest cosco size independ freight confer import player world ship market regard competitor potenti high destabil forc pacif east east europ trade conclus reinforc fact cosco bui smaller teu contain vessel develop aid normal market price german govern inform show smaller vessel deliv foreign subsidiari cosco rubymont maritim panama built hdw support develop aid make commiss approv contract ship close procedur respect ground commiss consid aid construct contain vessel cosco consid genuin develop aid mean articl direct eec aid distort threaten distort competit common market affect trade member state shipbuild ship sector extent contrari common interest mean articl adopt decis articl commiss establish develop aid involv cosco contract construct teu contain ship howaldtswerk deutsch werft ag kiel export credit term appli compat common market articl propos aid contract build contain vessel state own chines ship compani cosco bremer vulkan yard bremen mathia thesen yard wismar regard genuin develop aid mean articl council direct eec aid shipbuild incompat common market articl german govern inform commiss month date notif decis measur compli herewith articl decis address feder republ germani brussel juli commiss leon brittan vice presid oj oj ecr