council decis decemb replac decis april applic guidelin field offici support export credit ec council european union regard treati establish european commun articl thereof regard propos commiss commun parti oecd arrang guidelin offici support export credit hereinaft refer quot arrang quot arrang subject council decis april extend decis eec amend decis ec particip arrang drawn consolid text compris amend approv revis arrang made applic decis eec accept amend addit arrang made decis ec commun inter alia subscrib statement principl particip arrang express intent investig guid principl view produc converg export credit premium particip arrang drew seri addit guid principl cover establish minimum benchmark sovereign risk countri risk connect premium attach offici support export credit guid principl incorpor consolid text arrang manner form compat arrang text contain annex decis april replac consolid text arrang decis decis eec decis ec repeal adopt decis articl guidelin contain arrang annex decis appli commun articl decis april annex thereto replac decis annex decis april decis eec decis ec repeal articl decis address member state brussel decemb council pierret presid oj oj annex translat arrang guidelin offici support export credit tabl content gt tabl gt introduct purpos applic main purpos arrang guidelin offici support export credit refer document arrang provid framework orderli offici support export credit arrang seek encourag competit export oecd export countri base qualiti price good servic export favour offici support term arrang appli offici support export credit repay term year relat export good servic financi leas leas equival effect contract sale arrang address circumst offici support form trade relat ti partial unti aid refer ti aid mix offici support export credit quot offici support quot form direct credit financ refinanc interest rate support aid financ credit grant export credit insur guarante direct credit financ refinanc interest rate support refer offici financ support arrang place limit term condit export credit benefit offici support limit includ minimum premium benchmark minimum cash payment made start point credit maximum repay term minimum interest rate benefit offici financ support restrict provis ti aid final arrang includ procedur derog except restrict procedur prompt prior notif consult exchang inform review militari equip agricultur commod exclud applic arrang special guidelin appli ship nuclear power plant aircraft endeavour arrang set gener repay term condit support particip recognis risk time maximum repay term condit regard normal practic undertak step prevent risk materialis tradition trade industri sector enjoi gener repay term condit maximum allow arrang particip continu respect customari term condit power maintain customari credit term condit statu arrang develop oecd framework april agreement particip arrang quot gentlemen agreement quot particip arrang oecd act receiv administr support oecd secretariat secretariat chapter scope arrang particip particip arrang australia canada european commun includ countri austria belgium denmark finland franc germani greec ireland itali luxembourg netherland portug spain sweden unit kingdom japan korea zealand norwai switzerland unit state particip agre respect appli term arrang countri appli guidelin particip prior invit exist particip scope applic arrang appli offici support export good servic financi leas repay term defin articl year offici support export credit mean direct credit financ refinanc interest rate support guarante insur arrang appli offici support form ti aid special sector applic exclus particip appli special guidelin sector ship arrang appli ship cover understand export credit ship annex particip intend support term ship cover understand arrang favour term permit arrang particip notifi particip term procedur notif set articl nuclear power plant arrang appli provis exist sector understand export credit nuclear power plant annex ii complement arrang sector understand prevail arrang appli offici support provid decommiss nuclear power plant close dismantl nuclear power plant aircraft arrang appli provis exist sector understand export credit civil aircraft annex iii complement arrang sector understand prevail exclus arrang appli offici support relat export militari equip agricultur commod review particip review annual function arrang provis revis review set articl withdraw arrang indefinit durat particip withdraw notifi particip write mean instant commun oecd onlin inform system oli telex telefax withdraw take effect sixti calendar dai receipt notif particip monitor secretariat monitor implement arrang chapter ii provis export credit cash payment particip requir purchas good servic subject offici support make cash payment minimum cent export contract start point credit defin articl export contract total amount paid behalf purchas good servic export exclud local cost defin articl interest case leas exclud portion leas payment equival interest offici support cash payment form insur guarante pure cover usual pre credit risk assess cash payment export contract reduc proportion transact includ good servic countri offici support retent payment made start point credit regard cash payment context repay term repay term period begin start point credit defin articl end contractu date final payment start point credit definit arrang base bern union definit term quot start point credit quot case contract sale capit good consist individu item useabl locomot start point date actual date buyer take physic possess good countri case contract sale capit equip complet plant factori supplier respons commiss start point date buyer physic possess entir equip exclud spare part suppli contract case construct contract contractor respons commiss start point date construct complet case contract supplier contractor contractu respons commiss plant start point date instal construct preliminari test ensur readi oper complet appli hand buyer time accord term contract irrespect continu commit supplier contractor guarante effect function train local personnel case subparagraph contract involv separ execut individu part project date start point date start point separ part date start point supplier contract project essenti part start point project maximum repay term maximum repay term vari classif countri destin determin criteria articl categori countri maximum repay term year possibl agre half year procedur prior notif set articl categori ii countri maximum repay term ten year offici support provid clear evid contract structur purchas countri final destin good exclus aim obtain favour repay term event contract involv countri destin particip seek establish common line accord procedur articl reach agreement term special term power plant nuclear power plant power plant nuclear power plant maximum repay term twelv year particip intend support repay term longer year categori countri repay term longer ten year categori ii countri particip give prior notif accord procedur articl power plant nuclear power plant complet power station part thereof fuell nuclear power includ compon equip materi servic includ train personnel directli requir construct commiss nuclear power station includ item buyer respons cost land develop road construct villag power line switchyard water suppli cost aris offici approv procedur site permit construct permit fuel load permit buyer countri classif countri maximum repay term categori countri world bank graduat list countri categori ii world bank graduat level recalcul annual basi countri chang categori world bank categori remain unchang consecut year oper criteria procedur appli classifi countri classif arrang purpos determin capita gnp calcul world bank purpos world bank classif borrow countri case world bank inform publish capita gnp data world bank ask estim countri question capita gnp current threshold countri classifi estim particip decid act countri reclassifi accord articl reclassif effect week conclus drawn abovement data world bank commun particip secretariat case world bank revis figur revis disregard relat arrang classif countri chang common line particip favour chang due error omiss figur subsequ recognis calendar year figur distribut secretariat repay princip princip sum export credit repaid equal regular instal frequent month instal made month start point credit case leas profil repay appli amount princip amount princip interest combin prior notif articl requir particip intend follow practic payment interest interest capitalis repay period payabl frequent month payment made month start point credit prior notif accord articl requir particip intend follow practic interest exclud payment premium charg insur guarante supplier credit financi credit offici support provid mean direct credit financ refinanc premium ad face interest rate separ charg compon separ particip payment bank fee commiss relat export credit annual semi annual bank charg payabl repay period withhold tax impos import countri minimum interest rate particip provid offici financ support direct credit financ refinanc interest rate support appli minimum interest rate particip appli relev commerci interest refer rate cirr cirr interest rate establish principl cirr repres final commerci lend interest rate domest market currenc concern cirr close correspond rate class domest borrow cirr base fund cost fix interest rate financ period year cirr distort domest competit condit cirr close correspond rate class foreign borrow construct cirr principl articl mind cirr set fix margin basi point respect base rate particip agre particip initi select base rate system nation currenc year govern bond yield repay term includ year year govern bond yield includ half year year govern bond yield half year year govern bond yield matur except base rate system agre particip except base rate system yen cirr base ltpr long term prime rate minu basi point matur euro cirr base secondari market yield medium term euro bond luxembourg stock exchang basi point particip select decid financ currenc particip chang base rate system give month advanc notic counsel particip particip wish provid offici support currenc countri particip make propos construct cirr currenc common line procedur accord articl applic cirr interest rate appli transact fix period longer dai margin basi point ad cirr term offici financ support fix contract date offici financ support provid float rate loan bank financ institut allow offer option lower cirr time origin contract short term market rate life loan cosmet interest rate cosmet interest rate rate relev cirr benefit offici support involv compensatori measur includ increas contract contractu adjust offici support cosmet interest rate offici financ support mean direct financ provid rate relev cirr offici support provid mean offici financ support long support offer cosmet interest rate offici support form insur guarante pure cover enquiri particip transact particip intend support transact endeavour clarifi financi term mechan includ compensatori measur particip inform suggest conform term offer particip make reason effort determin transact benefit offici financ support term support conform provis articl arrang particip consid made reason effort inform mean instant commun particip assum offer conform term intent match particip allegedli offer conform term declar work dai transact benefit offici financ support term offici financ support conform provis articl arrang match particip match term procedur articl minimum premium particip provid offici support direct credit financ refinanc export credit insur guarante charg minimum premium benchmark sovereign credit risk countri credit risk irrespect buyer borrow privat public entiti sovereign credit risk full faith credit state ministri financ central bank countri credit risk assess countri servic extern debt element countri credit risk gener moratorium repay decre buyer borrow guarantor govern agenc countri repay effect polit event econom difficulti aris countri notifi particip legisl administr measur countri notifi particip prevent delai transfer fund paid respect credit legal provis adopt buyer borrow countri declar repay made local currenc valid discharg debt notwithstand result fluctuat exchang rate repay convert currenc credit longer cover amount debt date transfer fund measur decis govern foreign countri prevent repay credit case forc majeur occur countri notifi particip war includ civil war expropri revolut riot civil disturb cyclon flood earthquak erupt tidal wave nuclear accid minimum premium benchmark establish accord principl set articl particip charg level minimum premium benchmark countri risk classif methodolog premium risk base assess risk establish common refer classif countri score quantit countri risk model model model base countri group risk indic payment experi particip financi situat econom situat methodolog model consist step includ assess group risk indic combin flexibl weight risk indic group score result countri classifi risk categori accord procedur agre particip quantit outcom model consid countri countri integr qualit polit risk risk factor account model lead adjust model classif reflect final assess countri credit risk minimum premium benchmark premium converg ensur converg minimum premium benchmark consist level risk inadequ cover long term oper cost loss take account set standard relat condit determin minimum premium benchmark establish risk categori standard product minimum premium benchmark relat insur cent cover proportion adjust amount risk cover interest claim wait period month separ premium surcharg direct credit financ consid standard product cent cover quot high incom oecd countri quot defin world bank countri similar risk subject applic minimum premium benchmark understand price privat market undercut quot highest risk quot countri categori principl subject premium surcharg minimum premium benchmark establish categori surcharg set particip provid offici support differenti minimum premium benchmark sovereign credit risk countri credit risk minimum premium benchmark sovereign credit risk minimum rate public sector risk privat sector risk countri risk buyer borrow risk cover situat buyer borrow risk exclud minimum countri credit risk premium benchmark set cent minimum sovereign credit risk premium benchmark discount cent minimum sovereign credit risk premium benchmark appli minimum premium benchmark express percentag princip credit premium collect full date credit insur guarante illustr electron exchang inform eei refer annex vii relat condit accommod differ qualiti product provid particip minimum premium benchmark adjust account relat condit treatment relat condit base export perspect neutralis competit effect aris differ qualiti product provid export financi institut relat condit percentag cover claim wait period period due date payment buyer borrow date insur guarantor liabl reimburs export financi institut cover interest claim wait period surcharg account standard relat condit minimum premium benchmark adjust upward exist product particip classifi product categori standard product insur cover interest claim wait period insur cover interest claim wait period premium surcharg standard product insur cover interest claim wait period premium surcharg direct credit financ standard product uncondit guarante price differenti reflect qualiti differ product categori price differenti attribut surcharg case standard product premium discount case standard product minimum premium benchmark adjust percentag cover standard percentag cover cent premium feedback tool premium inadequ cover long term oper cost loss ensur adequaci premium benchmark adjust upward premium feedback tool pft parallel monitor adjust minimum premium benchmark pft accrual cashflow account approach collat aggreg particip level privat market indic understood pft requir particip chang exist account system practic offici support export credit form direct credit financ refinanc export credit insur guarante arrang appli report sovereign countri credit risk report irrespect buyer risk cover pft common start date concept claim encompass refinanc debt direct credit financ refinanc export credit insur guarante encompass roll overdu default loan local cost local cost consist expenditur good servic buyer countri execut export contract complet project export contract form part exclud commiss payabl export agent bui countri offici support provid cent good servic export includ suppli countri exclud local cost consequ amount local cost support credit term exce amount cash payment offici support local cost provid favour term agre relat export categori countri offici support local cost confin insur guarante pure cover involv offici financ support valid period export credit credit term condit individu export credit line credit fix period exceed month line credit framework form export credit cover seri transact link specif project derog engag export credit particip derog maximum repay term minimum interest rate minimum premium benchmark adjust relat condit month limit valid period export credit term condit extend repay term extend repay date instal princip set articl notwithstand subparagraph particip subject procedur set articl appli premium benchmark minimum benchmark adjust relat condit countri credit risk detail articl externalis remov limit exclud entir life debt repay oblig particip externalis remov element countri credit risk entir life debt repay oblig detail articl minimum premium benchmark determin countri credit risk jurisdict risk transfer particip limit exclud element countri credit risk entir life debt repay oblig particip appli discount minimum premium benchmark expect discount transfer risk set indent articl exclud exce cent minimum premium benchmark permit except minimum premium benchmark case case basi preced futur case particip action avoid minimis loss arrang prevent export credit insur author financ institut agre favour term condit permit action contract award export credit agreement ancillari document effect intent sole avoid minimis loss event give rise payment claim match particip match credit term condit notifi procedur articl credit term condit notifi support particip match support extend valid period credit term condit match particip match credit term condit support term compli arrang initi offer compli arrang match involv minimum premium benchmark particip free match rate provid support basi similar qualiti risk take account product qualiti particip intend match credit term condit notifi particip follow procedur articl notifi particip follow procedur articl support particip follow procedur articl chapter iii provis trade relat aid gener principl ti aid particip agre gener principl complementari polici export credit ti aid export credit polici base open competit free plai market forc ti aid polici provid need extern resourc countri sector project access market financ ti aid polici ensur monei minimis trade distort contribut development effect resourc ti aid provis arrang appli aid programm multilater region institut principl prejudg view develop aid committe dac qualiti ti unti aid definit ti aid ti aid includ loan grant financ packag concession level greater cent defin aid effect law fact ti procur good servic donor countri restrict number countri definit appli quot ty quot formal agreement form inform understand recipi donor countri packag includ compon list articl freeli fulli financ procur recipi countri substanti develop countri particip involv practic dac particip equival ty uncertainti financ practic fall scope definit donor countri furnish evid support claim effect aid fact quot unti quot aid includ loan grant proce fulli freeli financ procur substanti develop countri oecd countri form ti aid ti aid form offici develop assist oda loan defin quot dac guid principl financ ti partial unti offici develop assist quot oda grant defin quot dac guid principl financ ti partial unti offici develop assist quot offici flow oof includ grant loan exclud offici support export credit conform arrang associ mixtur law fact control donor lender borrow involv preced financ compon export credit offici support direct credit financ refinanc interest rate support guarante insur arrang appli fund market term cash payment purchas financ financ form includ mix credit mix financ joint financ parallel financ singl integr transact main characterist featur concession compon link law fact concession compon singl part financ packag effect ti aid concession fund link concession compon accept recipi associ linkag quot fact quot determin factor exist inform understand recipi donor author intent donor facilit accept financ packag oda effect ty financ packag procur donor countri ty statu oda mean tender contract financ transact practic identifi dac particip de facto liaison exist financ compon practic prevent determin associ linkag quot fact quot contract split separ notif compon part contract split contract financ stage notif interdepend part contract notif part financ packag unti countri elig ti aid ti aid countri capita gnp suffici make inelig year loan world bank world bank recalcul threshold categori annual basi countri reclassifi world bank categori unchang consecut year oper criteria procedur appli classifi countri classif arrang purpos determin capita gnp calcul world bank purpos world bank classif borrow countri case world bank inform publish capita gnp data world bank ask estim countri question capita gnp current threshold countri classifi estim particip decid act countri elig ti aid chang accord articl reclassif effect week conclus drawn abovement world bank data commun particip secretariat effect date reclassif ti aid financ newli elig countri notifi date ti aid financ newli promot countri notifi individu transact cover prior commit credit line notifi expiri credit line year effect date case world bank revis figur revis disregard relat arrang classif countri chang common line accord procedur articl particip favour chang due error omiss figur subsequ recognis calendar year figur distribut secretariat notwithstand classif countri inelig elig receiv ti aid provis ti aid bulgaria czech republ hungari poland romania slovak republ cover particip agreement avoid credit outright grant food aid humanitarian aid long agreement forc oecd minist endors polici june project elig ti aid ti aid extend public privat project commerci viabl financ market arrang term kei test aid elig project financi viabl project lack capac price determin market principl gener cash flow suffici cover project oper cost servic capit emploi kei test reason conclud base commun particip project financ market arrang term kei test kei test subparagraph intend describ project evalu determin financ aid export credit market arrang term consult process articl bodi experi expect develop time precis defin export credit aid agenc ant guidanc line categori project exempt elig rule provis articl appli ti aid concession level cent ti aid form part financ packag articl provis articl appli ti aid million special draw right sdr ti aid form part financ packag articl derog rule chapter particip agre common line procedur set articl particip derog rule articl accord procedur set articl ti aid develop countri lldc defin unit nation subject provis articl definit concession level ti aid concession level ti aid similar quot grant element quot concept dac case grant concession level cent case loan concession level differ nomin loan discount present futur debt servic payment made borrow differ express percentag nomin loan calcul concession level ti aid concession level ti aid calcul method grant element dac discount rate calcul concession level loan currenc differenti discount rate ddr subject annual chang januari calcul averag cirr margin gt tabl gt currenc averag cirr calcul take averag monthli cirr valid month period august previou year februari current year calcul rate includ margin round nearest basi point cirr currenc cirr longest matur set articl calcul base date calcul concession level start point credit set articl purpos calcul concession level financ packag concession level credit fund payment consid export credit conform arrang fund market rate offici fund concession level minimum permit articl case match cash payment purchas payment start point credit consid cash payment includ calcul concession level discount rate match match aid ident match mean match ident concession level recalcul discount rate forc time match local cost countri procur includ calcul concession level financ donor countri concession level packag determin multipli nomin compon packag respect concession level compon ad result divid total aggreg nomin compon discount rate aid loan rate effect time notif case prompt notif discount rate effect time term condit aid loan fix chang discount rate life loan chang concession level chang currenc made contract conclud notif revis discount rate calcul concession level applic date revis revis altern currenc inform calcul concession level origin notif notwithstand subparagraph discount rate calcul concession level individu transact initi aid credit line rate origin notifi credit line valid period ti aid particip fix term condit ti aid relat financ individu transact aid protocol aid credit line similar agreement year case aid protocol aid credit line similar agreement valid period commenc date signatur notifi accord articl extens credit line notifi transact note explain extens renew term allow time notif extens case individu transact includ notifi aid protocol aid credit line similar agreement valid period commenc date notif commit accord articl countri inelig seventeen year world bank loan time valid exist ti aid protocol credit line notifi restrict year date potenti reclassif accord procedur articl renew protocol credit line term accord provis articl arrang reclassif countri chang provis arrang circumst exist term condit maintain notwithstand chang discount rate set articl derog engag ti aid particip provid ti aid concession level cent cent beneficiari countri lldc conform provis elig aid articl exempt set articl notwithstand indent articl restrict minimum concession level appli technic assist set indent articl notwithstand indent articl particip proce conform offer mean common line procedur outlin articl justif aid ground support substanti bodi particip articl letter secretari gener accord procedur articl particip expect unusu infrequ match particip match term condit notifi procedur articl match support extend valid period term condit match particip match support term condit compli arrang initi offer compli arrang particip intend match term condit notifi particip follow procedur articl particip intend match conform term condit offer particip follow procedur articl chapter iv procedur section common provis export credit trade relat aid commit commit refer statement form willing intent provid offici support commun recipi countri buyer borrow export financi institut firm undertak keep endeavour undertak refer introduct recognis advantag accru defin common attitud credit term condit transact achiev particip firmli undertak respect strictli procedur notif give prior notif latest stipul moment make commit suppli inform form annex iv respond promptli enquiri made accord articl exchang inform earliest stage accord articl reach agreement common line credit term condit transact give favour consider request face face consult act consult notif procedur render meaningless leav insuffici time particip discuss transact period repli exchang inform accord articl particip inform particip credit term condit envisag support transact request similar inform particip enquir particip receiv repli calendar dai assum particip support transact favour credit term condit permit arrang case urgenc enquir particip request rapid repli standard form notif notif call procedur arrang made accord includ inform contain standard form annex iv copi secretariat inform offici support particip commit offici support notifi accord procedur articl case inform particip includ notif refer number relev creditor report system cr form section notif procedur export credit derog prior notif discuss expect particip break derog engag set articl depart rule arrang extrem circumst particip intend initi support term condit derog arrang particip notifi particip term condit intend support ten calendar dai issu commit particip request discuss period initi particip wait addit ten calendar dai issu commit term discuss mean instant commun oli initi particip moder withdraw intent support notifi conform term condit immedi inform particip permit except prior notif discuss particip notifi particip ten calendar dai issu commit intend appli premium rate minimum premium benchmark adjust relat condit countri credit risk externalis remov limit exclud entir life debt repay oblig accord articl notif includ explan justif accord point annex particip request discuss period initi particip wait addit ten calendar dai discount minimum premium benchmark cent notifi particip notifi particip twenti calendar dai issu commit permit except prior notif discuss particip notifi particip ten calendar dai issu commit intend support repay term exceed half year categori countri follow normal payment practic respect princip interest refer articl provid support power plant nuclear power plant repay longer relev maximum articl exceed twelv year stipul articl support kind ship understand export credit ship appli credit term condit favour credit term condit permit arrang appli discount minimum sovereign credit risk premium benchmark accord articl initi particip moder withdraw intent provid support notifi except immedi inform particip match derog particip intend match notifi derog follow procedur set initi particip notic withdrawn intent derog particip wait period stipul articl expir provid support quot ident match quot term condit includ ident derog element conform arrang match particip give notif intent match earli quot ident match quot prompt initi derog element term condit subject restrict articl match particip notifi fresh derog initi calendar dai prior notif calendar dai discuss procedur await complet period run concurr prior notif discuss procedur initi origin notifi particip elaps end applic ten twenti calendar dai period refer articl match permit except particip intend match permit except follow procedur set initi particip notic withdrawn intent support term condit constitut permit except particip wait period stipul articl expir provid support quot ident match quot term condit includ ident element permit except conform arrang match particip give notif intent match earli quot ident match quot prompt initi notif element term condit subject restrict articl match particip introduc fresh notif initi calendar dai prior notif await complet period run concurr prior notif made initi particip elaps end applic ten dai period refer articl secretariat retain detail individu match notif respect minimum premium benchmark eei match conform term condit notifi particip intend match alleg conform term condit notifi particip involv individu transact credit line make reason effort determin term condit offer match particip consid made reason effort entitl match inform particip mean instant commun oli intent match receiv confirm work dai exclus dai receipt conform term condit appli credit line match individu transact credit line case match offer expir credit line match particip intend match particip conform term condit case quot ident match quot follow procedur set indent articl case quot ident match quot follow procedur set indent articl match term condit offer particip match conform term condit assum offer particip particip make effort verifi term condit offici support particip inform particip natur outcom effort particip intend match conform term condit offer particip follow prior notif discuss procedur articl section notif procedur trade relat aid derog prior notif discuss expect particip break derog engag set articl depart rule arrang extrem circumst particip intend initi support term condit derog arrang particip notifi particip term condit intend support procedur set articl prejudic procedur circumst set articl initi particip moder withdraw intent support notifi conform term condit immedi inform particip prior notif particip give prior notif intend provid offici support trade relat unti aid million sdr concession level cent trade relat unti aid million sdr grant element defin dac cent trade relat ti aid million sdr concession level cent trade relat ti aid million sdr concession level cent prior notif made latest thirti work dai bid close commit date whichev earlier prior notif made accord indent articl relat project larger sdr million includ addit project inform explain notifi particip consid project elig ti aid kei test set articl initi particip moder withdraw intent support notifi conform term condit immedi inform particip provis articl appli ti aid form part financ packag articl prompt notif particip promptli notifi particip work dai commit offici support trade relat ti aid million sdr concession level cent million sdr concession level cent particip promptli notifi particip aid protocol credit line similar agreement sign exempt unti aid notif requir unti aid financ million sdr concession level cent million sdr grant element defin dac cent exempt technic assist small project notif procedur articl appli technic assist ti aid offici develop aid compon consist sole technic cooper cent total transact million dollar whichev lower small project capit project million dollar fund develop assist grant ty statu aid particip request addit inform relev ty statu form aid accord articl match prior notif particip intend match prior notifi ti aid follow procedur set initi particip notic withdrawn intent provid aid particip support ti aid thirti work dai period refer articl expir quot ident match quot term condit lead concession level match particip give notif intent match earli quot ident match quot prompt initi notif conform element term subject restrict articl match particip initi calendar dai prior notif period await complet period run concurr prior notif discuss procedur initi origin notifi particip elaps end applic thirti work dai period refer articl match prompt notif prior notif particip intend match term condit subject prompt notif accord articl section consult procedur trade relat aid purpos consult particip seek clarif trade motiv ti aid request full aid qualiti assess detail annex vi suppli particip request consult particip accord articl includ face face consult outlin articl order discuss aid offer meet requir articl aid offer justifi requir articl met scope time consult consult particip request item inform assess detail feasibl studi project apprais compet offer concession aid financ expect project gener save foreign currenc cooper multilater organis world bank presenc intern competit bid icb donor countri supplier lowest evalu bid environment implic privat sector particip time notif month prior bid close commit date concession aid credit consult complet find question articl notifi secretariat particip ten work dai bid close date commit date whichev disagr consult parti secretariat invit particip express view work dai report view notifi particip reconsid forward appear substanti support aid offer consult procedur larg project particip satisfi addit project inform suppli accord articl request addit inform particip subsequ request consult accord articl consult special weight expect avail financ market arrang term appropri aid outcom consult donor wish proce project lack substanti support provid prior notif intent particip sixti calendar dai complet consult accept chairman conclus donor write letter secretari gener oecd outlin result consult explain overrid trade relat nation interest forc action particip expect occurr unusu infrequ donor immedi notifi particip letter secretari gener oecd copi includ notif donor particip make ti aid commit ten work dai notif particip issu project compet commerci offer identifi consult process aforement ten work dai period extend fifteen dai secretariat monitor progress result consult section inform exchang procedur export credit trade relat aid contact point commun made design contact point countri mean instant commun oli treat confid scope enquiri particip particip attitud take respect countri institut countri method busi particip receiv applic offici support address enquiri particip give favour credit term condit enquir particip support particip receiv alleg particip offer offici support derog arrang address enquiri particip state detail alleg enquiri made particip list addresse copi enquiri secretariat scope respons particip enquiri address respond calendar dai provid inform repli includ indic particip give decis full repli follow copi addresse enquiri secretariat answer enquiri subsequ invalid reason applic made chang withdrawn term consid repli made delai copi addresse enquiri secretariat face face consult particip agre respond favour request earli face face consult work dai exist exchang inform procedur perceiv inadequ particip advis request face face consult consult place expiri work dai period particip request consult chair respons find mutual agreeabl time place meet particip inform case transact consult place chairman chosen parti involv consult place oecd headquart pari particip request consult provid secretariat servic includ interpret secretariat promptli circul outcom consult particip secretariat unabl attend meet held oecd headquart chairman ensur inform outcom chairman coordin secretariat follow action inform exchang face face consult lead common line common line common line understand particip agre basi offici support transact specif circumst term condit favour term condit allow arrang rule agre common line supersed rule arrang transact circumst common line procedur format common line common line propos address secretariat propos common line particip ti aid involv dac contact point secretariat ident initi reveal common line regist bulletin board oli secretariat oral reveal ident initi particip dac member demand secretariat record request common line propos date format refer number quot common line quot import countri buyer descript project precis identifi project term condit foreseen initi countri common line propos nation name compet bidder commerci financi bid close date tender number extent relev inform includ reason propos common line avail studi project special circumst common line propos put forward accord articl address secretariat copi particip particip make common line propos provid full explan reason consid classif countri differ procedur set articl respons common line propos respons made twenti calendar dai particip encourag respond common line propos quickli respons request addit inform accept reject propos modif common line altern common line propos particip advis posit approach export author recipi countri case aid project deem accept common line propos particip subsequ approach common line effect appli procedur articl wish extend softer term condit stipul common line accept common line period twenti calendar dai secretariat inform particip statu common line propos particip accept common line particip reject propos left open period calendar dai period particip explicitli reject common line propos deem accept common line particip includ initi particip make accept common line condit explicit accept particip particip accept element common line implicitli accept element common line understood partial accept lead particip chang attitud propos common line particip free offer match term condit cover common line common line accept reconsid procedur articl circumst particip bound origin decis disagr common line initi particip particip propos modif altern agre common line addit calendar dai period period extend mutual consent secretariat inform particip extens effect date common line secretariat inform particip common line effect reject common line effect calendar dai announc secretariat make oli perman updat record common line agre undecid valid common line common line agre valid period year effect date secretariat inform longer interest accept particip common line remain valid year period particip seek extens fourteen calendar dai origin date expiri subsequ extens agre procedur common line agre accord articl valid world bank data year secretariat monitor statu common line particip inform mainten list quot statu valid common line quot oli secretariat inter alia add common line accept particip updat expiri date particip request extens delet common line expir issu quarterli basi list common line due expir quarter deviat common line particip intend support term condit favour agre common line notifi particip secretariat sixti calendar dai make commit notif includ explan reason intend support term condit favour common line justif result purchas decis possibl includ outcom intern competit bid icb procedur influenc avail aid particip interest specif transact request secretariat organis face face consult altern common line establish face face consult particip refrain make commit twenti calendar dai face face consult sixti calendar dai notif whichev particip reserv match offer favour agre common line accord articl section oper provis commun minimum interest rate cirr commun minimum interest rate cirr currenc determin provis articl mean instant commun monthli secretariat circul particip notif reach secretariat dai end month cover inform secretariat inform immedi particip applic rate effect date applic interest rate interest rate enter effect fifteenth dai end month interest rate market develop requir notif amend cirr month amend rate implement ten dai notif amend receiv secretariat section oper provis exchang inform premium electron exchang inform premium eei particip provid inform outlin annex vii facilit implement provis arrang relat minimum premium benchmark section review annual review particip review annual function arrang review place quarter year review particip examin inter alia notif procedur derog implement oper ddr system rule procedur ti aid question match prior commit practic credit agricultur commod possibl wider particip arrang review base inform particip experi suggest improv oper efficaci arrang particip account object arrang prevail econom monetari situat inform suggest particip put forward review reach secretariat forti dai date review review minimum interest rate particip period review system set cirr order ensur notifi rate reflect current market condit meet aim underli establish rate oper review cover margin ad rate appli particip submit chairman particip substanti request extraordinari review case particip consid cirr currenc longer reflect current market condit review minimum premium benchmark relat issu particip regularli annual monitor review aspect premium rule procedur includ methodolog countri risk model review valid light experi premium benchmark adjust time ensur remain accur measur risk take account pft cash flow accrual approach privat market indic system relat condit bodi experi circumst discount minimum premium benchmark applic level discount assist review secretariat provid report notif chapter futur work global unti particip confirm resolv cooper work parti financi aspect develop assist dac fa develop target unti aid precis defin unti ti aid follow close dac fa progress domain agre invit dac fa strengthen disciplin transpar disciplin particip engag urgent discuss dac fa agre target unti aid transpar modal measur improv transpar work conjunct dac fa notif unti aid latest commenc bid procedur forti calendar dai date sign financi contract whichev earlier give reason time project inform bid prepar tender deadlin post notif nation compani award contract specif unti aid secretariat creat updat regist notif oli inform unclassifi market window particip undertak investig issu transpar definit market window oper order prevent distort competit sector particip undertook start negoti complementari guidelin export credit agricultur product expert group establish held meet april complementari guidelin arrang steel plant equip consid outcom negoti multilater steel agreement context differ interpret prove reach total agreement definit offici support light differ long establish nation export credit system understood effort made resolv differ interpret matter urgenc agreement reach current word arrang prejudic present interpret articl futur work data countri gnp capita applic minimum premium benchmark subject transit period transit period end march guid principl immedi implement premium rate fix transit period valid month march june transit period endeavour reduc premium rate initi minimum premium benchmark case match korea transit period korea end march april korea appli cent initi minimum premium benchmark april korea appli cent minimum premium benchmark april korea appli cent minimum premium benchmark april korea appli cent benchmark data countri gnp capita data countri gnp capita notwithstand classif countri inelig elig receiv ti aid ti aid polici belaru estonia latvia lithuania russian feder slovenia ukrain cover particip agreement avoid credit outright grant food aid humanitarian aid prolong agreement decid annual basi fourth quarter year purpos soft ban decommiss nuclear power plant emerg safeti reason regard quot humanitarian aid quot transit period applic minimum premium benchmark particip voluntari basi endeavour notifi promptli case countri credit risk externalis remov limit exclud entir life debt repay oblig bodi experi case expect establish subject review end transit period aim establish list includ uncondit countri guarante escrow account asset base financ bodi experi give guidanc level discount annex sector understand export credit ship contract relat sea ship convers ship negoti decemb onward particip understand agre abolish exist offici facil introduc offici facil export credit term provid maximum durat exceed half year deliveri repay equal instal regular interv month maximum twelv month ii payment deliveri cent contract price iii interest rate cent net charg minimum interest rate cent appli credit grant offici support shipbuild buyer supplier credit transact bank parti shipbuild countri buyer parti buyer countri buyer credit transact offici support amount credit part minimum interest rate appli credit grant support govern particip understand shipbuild countri shipbuild parti enabl credit shipown parti shipown countri offici support amount credit part public bodi particip measur promot export particip agre influenc prevent financ export term contraven principl particip recognis highli desir set limit credit term export agre make endeavour ensur favour term set offer buyer mean particip understand wish genuin aid reason conced favour term case preclud provid adequ notic decis parti understand accord procedur establish purpos case quot adequ notic quot interpret requir notif made particip week promis stage negoti commit fund purpos case week authoris commit prior notic accord procedur agre particip decis except reason claus support term favour understand support includ provis aid refus order final favour term particip understand prior notic accord procedur agre particip understand provid appli procedur agre particip support favour term substanti case match term offici support transact contravent term particip competit particip countri ii particip understand obtain inform particip term offici support export contract order ascertain term contraven understand particip undertak suppli inform request speed rule practic oecd particip secretari gener act behalf aforement matter circul inform obtain particip understand particip undertak notifi secretari gener system provis offici support mean implement understand iii understand effect member work parti notifi secretari gener adher particip notifi secretari gener decid constitut repres major member work parti particip disagre constitut repres major bound decis understand open member countri oecd understand subject review request particip case interv exceed year particip withdraw understand give partner calendar month notic intent period request partner meet work parti review understand particip notif partner withdraw understand effect date particip gave notic ship convers mean convers sea vessel grt condit convers oper entail radic alter cargo plan hull propuls system offici facil enabl credit insur guarante financ govern government institut form direct indirect government particip special natur transact vessel transport liquefi natur ga durat authoris credit type ship increas ten year interest rate net charg mean part credit cost exclud credit insur premia bank charg paid regular interv credit period directli relat amount credit order deem final buyer commit irrevoc written sign agreement bui export pai term agreement subject reserv withdrawn export annex ii sector understand export credit nuclear power plant chapter scope sector understand scope applic sector understand complement arrang set special guidelin appli offici support export credit relat contract export complet nuclear power station part thereof compris compon equip materi servic includ train personnel directli requir construct commiss nuclear power station set term appli support nuclear fuel appli item buyer respons cost land develop road construct villag power line switchyard water suppli cost aris buyer countri offici approv procedur site permit construct permit fuel load permit term arrang sector understand appli offici support provid decommiss nuclear power plant decommiss defin close dismantl nuclear power plant common line procedur set articl arrang provid possibl restrict extend repay term review particip review provis sector understand annual chapter ii provis export credit ti aid maximum repay term maximum repay term irrespect countri classif fifteen year minimum interest rate particip provid offici financ support direct financ refinanc interest rate support appli minimum interest rate particip appli relev special commerci interest refer rate scirr fix scirr commit limit initi maximum period exce fifteen year start date contract award offici support remain period loan limit guarante interest rate support relev scirr prevail time roll offici financ support provid equip partial suppli nuclear power plant supplier respons commiss minimum interest rate scirr accord articl sector understand altern particip offer relev cirr accord articl arrang provid maximum period date contract award date final repay exce ten year construct scirr scirr set fix margin seventi basi point cirr currenc question japanes yen margin basi point currenc cirr rate accord indent articl arrang cirr longest term construct scirr local cost capitalis interest provis articl arrang appli offici financ support provid basi scirr offici financ support rate scirr local cost capitalis interest accru start point cover amount exceed cent export offici support nuclear fuel maximum repay term initi fuel load exce year deliveri particip provid offici financ support initi fuel load appli minimum interest rate particip appli relev cirr initi fuel load consist initi instal nuclear core subsequ reload consist third nuclear core maximum repay term subsequ reload nuclear fuel month except circumst longer term case exceed year consid procedur set articl appli particip provid offici financ support subsequ reload nuclear fuel appli minimum interest rate particip appli relev cirr offici support separ provis uranium enrich servic provid term favour appli nuclear fuel reprocess spent fuel manag includ wast dispos paid cash basi particip provid free nuclear fuel servic aid particip provid aid support form unti grant chapter iii procedur prior consult recognis advantag accru common attitud term achiev nuclear power plant particip agre engag prior consult case intent provid offici support prior notif particip initi prior consult notifi particip ten dai take final decis term intend support inter alia detail cash payment repay term includ start point credit frequenc instal repai princip instal equal amount currenc rate contract accord paragraph annex iv interest rate support local cost includ total amount local cost express percentag export contract term payment natur support portion project financ separ inform initi fuel load relev inform includ refer relat case particip final decis term support ten dai period subparagraph dai exchang inform particip consult credit term transact object achiev common attitud term common attitud achiev mean ten dai period receipt initi notif final decis particip consult delai addit ten dai period effort achiev common attitud made face face consult annex iii sector understand export credit civil aircraft part larg aircraft engin aircraft chapter scope form scope applic part sector understand complement arrang set special guidelin appli offici support export credit relat sale leas larg civil aircraft list appendix engin instal aircraft term chapter appli engin spare part contempl part origin aircraft order subject provis articl part sector understand appli flight simul subject term arrang object object part sector understand establish balanc equilibrium market equalis competit financi condit particip neutralis financ particip factor choic compet aircraft avoid distort competit chapter ii provis export credit aid cash payment particip requir minimum cash payment cent total price aircraft includ price airfram instal engin spare engin spare part extent refer articl part sector understand offici support cash payment form insur guarante pure cover usual pre credit risk maximum repay term maximum repay term twelv year elig currenc currenc elig offici financ support defin introduct arrang dollar german mark french franc uk pound euro dutch guilder minimum interest rate particip provid offici financ support exce cent total price aircraft refer subparagraph articl appli minimum interest rate maximum cent total price aircraft repay term includ ten year tb basi point repay term ten twelv year tb basi point tb mean ten year govern bond yield relev currenc euro constant matur averag previou calendar week case euro tb mean long term ecu bond yield publish luxembourg stock exchang long term bond seri averag previou calendar week minu basi point currenc margin appli maximum percentag aircraft total price financ fix minimum interest rate subparagraph limit cent repay loan spread entir life financ cent repay loan spread matur particip free repay approach subject ceil applic pattern particip offer tranch notifi particip amount interest rate date interest rate set valid period interest rate pattern repay particip review ceil time review accord articl examin ceil advantag view adjust advantag balanc evenli struck subject cent threshold subparagraph particip addition provid offici financ support manner compar provid privat export fund corpor pefco fortnightli inform pefco borrow cost applic lend rate exclus offici guarante fee fix rate financ disburs seri date contract offer bid offer commun particip regular basi particip offer tranch notifi particip amount interest rate date interest rate set valid period interest rate pattern repay particip match financ offer particip match term condit valid period offer commit set articl rate notifi appli particip long twenti month disburs interest rate exce basi point tb event twenti month rate exce basi point particip free appli rate basi point twenti month disburs rate consult immedi view find perman solut minimum interest rate inclus credit insur premium guarante fee commit manag fee includ interest rate interest rate adjust minimum interest rate set articl review week averag govern bond yield relev currenc constant matur long term euro bond yield differ basi point end week period minimum interest rate adjust basi point differ note recalcul rate round nearest basi point valid period export credit interest rate offer durat minimum interest rate offer set accord articl exce month determin interest rate offer select interest rate particip provid offici financ support accord articl interest rate appli date interest rate offer made relev aircraft provid offer accept valid period accord articl interest rate offer accept interest rate offer made date deliveri relev aircraft interest rate offer accept interest rate select time contract signatur date deliveri relev aircraft rate select borrow irrevoc pure cover support particip provid offici support guarante insur pure cover subject cent threshold articl particip provid support notifi particip amount term currenc pattern repay interest rate competit refer point event offici support competit aircraft list larg civil aircraft appendix sector understand compet aircraft benefit credit term condit secur repay risk particip decid secur deem accept secur repay risk refer particip agre provid detail secur request particip deem model particip agre fix interest rate offer made conclud type aircraft term contain transfer type bear model design leas particip subject term part sector understand provid support financi leas basi contract sale aid particip provid aid support form unti grant particip sympathet request common line ti aid humanitarian purpos chapter iii procedur prior notif match inform exchang procedur prior notif match inform exchang set arrang appli part sector understand particip request consult reason particip offer offici support credit term condit conform sector understand consult held ten dai follow procedur set articl arrang review particip review procedur provis sector understand annual bring closer market condit market condit customari financ practic chang consider review request time part aircraft larg aircraft chapter iv scope form scope applic part sector understand complement arrang set special guidelin appli offici support export credit sale leas aircraft cover part sector understand appli hovercraft flight simul subject term arrang endeavour provis chapter repres gener term particip offer provid offici support particip continu respect customari market term type aircraft power prevent term erod categori aircraft particip agre categoris aircraft categori turbin power aircraft includ helicopt turbo jet turbo prop turbo fan aircraft gener thirti seventi seat categori turbin power aircraft includ helicopt categori aircraft includ helicopt illustr list aircraft categori set appendix chapter provis export credit aid maximum repay term maximum repay term vari aircraft categoris determin criteria set articl categori aircraft maximum repay term ten year categori aircraft maximum repay term year categori aircraft maximum repay term year minimum interest rate particip provid offici financ support appli minimum interest rate particip appli relev cirr set articl arrang insur premium guarante fee particip waiv part total insur premium guarante fee aid particip provid aid support form unti grant particip sympathet request common line ti aid humanitarian purpos chapter vi procedur prior notif match inform exchang event offici support competit sale leas aircraft compet categori cover part sector understand specif sale leas benefit term condit aircraft procedur prior notif match inform exchang set arrang appli part sector understand particip request consult reason particip offer offici support credit term conform sector understand consult held ten dai follow procedur set articl arrang review particip review procedur provis sector understand annual order bring closer market condit market condit customari financ practic chang consider review request time part aircraft spare engin spare part mainten servic contract chapter vii scope form scope applic part sector understand complement arrang set special guidelin appli offici support export credit relat sale leas aircraft spare engin spare part mainten servic contract conjunct aircraft appli hovercraft flight simul subject term arrang relev provis part sector understand appli aircraft particip support credit term favour set sector understand aircraft rule appli specif aircraft gt tabl gt term review maximum repay term aircraft chang particip provid offici financ support appli minimum interest rate particip appli relev cirr set articl arrang spare engin spare part financ item contempl part origin aircraft order term aircraft case particip account size fleet aircraft type includ aircraft acquir aircraft subject firm order own basi aircraft type fleet cent aircraft price price airfram instal engin sixth subsequ aircraft type fleet cent aircraft price price airfram instal engin item order aircraft maximum repay term year spare engin year spare part notwithstand subparagraph spare engin larg aircraft particip exce maximum repay term year year transact minimum contract million includ minimum spare engin contract review year adjust price escal particip reserv chang practic match practic compet particip relat time repay princip respect spare engin spare part mainten servic contract particip offer offici financ support repay term year mainten servic contract chapter viii procedur prior notif match inform exchang procedur prior notif match inform exchang set arrang appli part sector understand particip request consult reason particip offer offici support credit term conform sector understand consult held ten dai follow procedur set articl arrang review particip review procedur provis sector understand annual order bring closer market condit market condit customari financ practic chang consider review request time appendix illustr list similar aircraft introduc futur cover sector understand ad list due list exhaust serv type aircraft includ categori doubt aris larg civil aircraft gt tabl gt categori aircraft turbin power aircraft includ helicopt turbo jet turbo prop turbo fan aircraft gener thirti seventi seat case larg turbin power aircraft seventi seat develop consult held request view agre classif aircraft categori part understand view competit situat gt tabl gt categori aircraft turbin power aircraft includ helicopt gt tabl gt annex iv standard form notif inform includ notif author agenc respons arrang make notif refer number countri indic serial number year gt tabl gt countri buyer borrow locat statu public privat buyer borrow natur project good export locat project close date tender relev expiri date credit line contract credit credit line export nation share minimum contract credit line valu state exact amount denomin currenc line credit gt tabl gt scale currenc contract credit term report organis intend support support cash payment repay term includ start point credit frequenc instal repai princip amount credit instal equal amount interest rate support local cost includ total amount local cost express percentag total good servic export term repay natur support relev inform includ refer relat case relev justif match refer number notif match refer grant long term credit categori countri convent power plant concession level ti partial unti aid financ calcul accord articl discount rate calcul concession level treatment cash payment calcul concession level develop aid premix credit financ restrict credit line annex standard form notif permit except minimum premium benchmark point cover notif author agenc respons arrang make notif refer number countri identif serial number year gt tabl gt countri buyer borrow locat statu public privat buyer borrow natur project good export locat project close date tender relev contract credit gt tabl gt scale currenc contract credit term includ length disburs period propos premium rate adjust relat condit oecd premium benchmark adjust relat condit actual discount appli oecd premium benchmark percentag term adjust relat condit full explan countri credit risk externalis remov limit exclud individu transact explan externalis remov limit exclus countri credit risk justifi altern benchmark discount appli case match full inform term support particip particip match annex vi checklist development qualiti number criteria develop recent year dac ensur project develop countri financ total part offici develop assist oda contribut develop essenti contain dac principl project apprais dac guid principl financ ti partial unti offici develop assist good procur practic offici develop assist consist project recipi countri invest prioriti project select project part invest public expenditur programm approv central financi plan author recipi countri polici document mention project public invest programm recipi countri project financ intern develop financ institut evid exist project consid reject intern develop financ institut dac member ground low development prioriti case privat sector project approv govern recipi countri project cover intergovernment agreement provid broader rang aid activ donor recipi countri project prepar apprais project prepar design apprais set standard criteria broadli consist dac principl project apprais ppa relev principl concern project apprais econom aspect paragraph ppa technic aspect paragraph ppa financi aspect paragraph ppa case revenu produc project produc competit market concessionari element aid financ pass end user fund paragraph ppa institut assess paragraph ppa social distribut analysi paragraph ppa environment assess paragraph ppa procur procedur procur mode definit principl list good procur practic oda intern competit bid procur principl iii annex minimum condit effect intern competit bid nation competit bid procur principl iv inform competit direct negoti procur principl envisag check price qualiti suppli paragraph ppa annex vii electron exchang inform eei eei includ item model countri risk report payment experi adjust quantit model classif list countri classif procedur disagr countri risk expert premium converg bulletin board sampl premium calcul tabl minimum premium benchmark relat condit inform fact sheet basic relat condit classif product financi aspect figur pft permit except prior notif match notif develop eei assist monitor review guid principl