commiss decis juli loan grant belgian author shipown purchas lpg ship refriger ship french dutch text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof regard council direct eec januari aid shipbuild articl conjunct articl thereof notic parti concern accord subparagraph articl regard comment result inform provid associ shipbuild commiss depart learn boelwerf shipyard receiv order lpg ship fertex ship compani refriger ship ship compani europes transport maatschappij crystal princ year loan interest year grace period grant law august ship credit respect contract price case case letter date commiss ask belgian author confirm inform belgian author repli letter date june contract cover financ repay year start year deliveri ship interest rate state case term loan line direct eec addit belgian author remind commiss memorandum previous stress ship credit direct object shipbuild hand high oper cost ship fly belgian flag lastli state follow commiss depart calcul grant equival commiss letter februari termin articl proceed respect measur relat ship sector belgium incomplet inform deem suffici commiss justifi initi octob proceed articl letter date novemb commiss inform belgian govern invit submit comment member state parti concern inform mean notic publish offici journal european commun case belgian govern repli letter date novemb confirm loan relat ship cover price year interest rate repay commenc month date deliveri commiss initi procedur laid articl januari inform belgian govern letter date april member state parti concern inform mean notic publish offici journal european commun ii letter date februari submit comment respons initi proceed belgian govern began argu contract sign belgian aid system author execut flemish region appli rule grant loan system administ nation author reiter belgian scheme made sole facil grant shipown form advanc fund reduc interest rate provis guarante interest rate subsidi combin applic measur involv simultan grant product aid oper aid memorandum set interpret commiss aid scheme examin light direct eec belgian govern grant interest rate subsidi loan enter belgian shipown purchas ship countri view involv aid oper ship part aid scheme establish law august appli contract ship built belgium includ ceil laid articl direct eec conclud argument state flemish execut act good faith basi approach deriv misunderstand arisen past belgian central govern commiss iii belgian aid scheme fall articl direct eec notifi commiss letter date januari govern law august amend occas recent decemb intend ensur mainten develop merchant fleet sea fish purpos set fund ship shipbuild articl law fund grant advanc cover ship articl state guarante respect supplementari loan contract market rate articl grant interest subsidi amount half interest rate loan exceed total amount advanc loan provid articl exce price ship law stipul rate period advanc provid articl repaid preparatori work direct eec belgian govern inform commiss rule repay advanc grant articl law august state advanc cover year period year grace period interest rate term confirm belgian govern letter date march framework examin shipbuild aid belgium articl direct eec iv basi term grant advanc guarante interest subsidi notifi commiss take account market interest rate time contract conclud respect lpg ship refriger ship grant equival advanc grant belgian govern law august calcul duli explain author contract question fact accompani loan equival price ship interest rate term year repay start month deliveri ship term loan grant belgian govern equival vi respons administr fund set belgian law august devolv execut flemish region bodi respons decis januari accord amend made belgian constitut transfer respons excus belgian govern argu execut flemish region simpli act good faith maintain continu applic aid scheme articl treati stipul member state measur gener ensur fulfil oblig aris treati result action institut commun fact belgian govern commiss memorandum state belgian aid scheme partli intend support shipyard partli support oper sea transport belgian flag provid justif term loan grant argument set memorandum reiter point discuss expert member state preparatori work direct eec advisedli order ensur full transpar council minist back belgian govern final decid adopt direct eec includ aid shipown aid link purchas ship member state ceil provid articl full knowledg fact belgian govern grant loan case point fact grant aid shipown respect ship built countri pretext justifi grant equival aid deduct aid grant respect ship built belgium vii aid grant shipown belgium aid mean articl direct eec stipul form aid shipown parti build convers ship commun shipyard includ credit facil guarante tax concess subject full rule set articl direct articl state product aid favour shipbuild consid compat common market provid total amount aid grant support individu contract exce grant equival common maximum ceil stipul articl fix commiss articl stipul ceil appli aid fall articl ceil fix loan grant belgian govern amount grant equival clear belgian govern compli rule laid direct eec rule laid treati adopt decis articl loan grant equival grant belgian govern ship compani fertex europes transport maatschappij crystal princ build lpg ship refriger ship boelwerf shipyard incompat common market articl pursuant articl treati belgian govern revis term loan reduc maximum level grant equival term line ceil fix commiss accord articl direct eec articl belgian govern inform commiss measur order compli decis month notifi articl decis address kingdom belgium brussel juli commiss leon brittan vice presid oj oj oj oj