FINANCIAL PROroCOL
relating to french credits for the financing of
The Government of the Republic of Indonesia and the Government of the French Republic, with a view to facilitate the developnent efforts of Indonesia, agreed on following provisions.
ARI'ICLE 1.
ARI'ICLE 2.
a) A max.llnum arrount of 'IHREE HUNDRED MU.LION FRANCS ( 300 MF) is put at the disposal of the Indonesian Government in the fonn of credits for the financing of 'IHE GARUDA MAINTENANCE
CENTER, referred to as "the PmJECT".
b) The above mentioned credits will be used for the financing of the irrqx>rted equipnent, engineering arrl services (inclu-ding freight) of french origin for the realization of the Project.
The credits set in Article 1 consist of a loan frcm the French Treasury to the Ministry of Finance, acting on behalf of the Indonesian Government, of a max.llnum arrount of OOE HlNDRED AND THIRI'Y 'IWO MII.LION FRANCS
(132 MF) and banker's credits guaranteed by the French Treasury of a max.irnum amount of OOE HUNDRED AND SDCT'Y EIGHI' MII.LION FRANCS (168 MF) for financing the goods and services mentioned in Article 1.
ARI'ICLE 3.
The loan fran the Treasury and the guaranteed banker's credits Which are extended in conjunction with the former will be respectively used in
the proportion of 44 % and 56 % of the contract.
ARTICLE 4.
The loan from the French Treasury rrentioned in Article 2 is repa.yable in thirty three (33) years includinJ a grace period of thirteen
( 13) years, by equal and successive semi-annual instalments which are calcu-laterl fran the date of each drawing' arrl bear an interest rate of 1, 5 % per annum.
The interests due on the balance are repa.yable at the end of each half-year. An agreement on the implementation between the Credit National, acting on behalf of the French Government and the Ministry of Finance, acting on behalf of the Indonesian Governrrent, will stipulate the tenrs arrl conditions of utilization and repa.yment of this loan.
ARTICLE 5.
The guaranteed banker's credits rrentioned in Article 2 will be redeanerl in ten (10) years by twenty (20) equal arrl successive sani-annual instalments, the first one falling due six IIDnths after cnmrissioning of the project or the date of the delivery as stipulaterl in the carmercial contract or in the banker's credits agreement. 'lli.e rate of interest is the current export credit rate to Which is adderl the cost of credit insurance of OOFACE.
A financial agreement between the French Institutions and the Indonesian Ministry of Finance will stipulate, if necessary, the modalities of utilization and reimbursement of these guaranteed banker's credits.
The agreement relating to the banker's credits will be approved by the Ministry of Finance in case they are not directly signed by the same.
ARTICLE 6.
'lli.e credits shall be used for the financing of the contract
concluded between the french suppliers arrl the buyer subject to approval of the carpetent French and Indonesian authorities.
French franc will be used as currency of account and currency of pa.yment of the contract.
A do.vn-payment equal to at least 10 % of the arrount of the
contract as a minirm.nn, will be paid When placing the order by drawing under the Treasury loan and the balance will be settled between the order and the cnmris-sioning or the deliveries, in confonnity with the tenrs arrl conditions of the contract, by jointly and proportionally using the means of financing foreseen in Article 2 in accordance with the modalities of Article 3 of the present agreement.
ARI'ICLE 7.
The ultimate date for the signature of the contract to be financed under the present agreement is set at Decenber 31th 1985 unless otherwise agreed upon by roth Governments.
No drawing m:i.y be nade fran the Treasury loan allocated under the present protocol after Decenber 31th 1987.
Any anount which will not be used for financing the project according to the provisions of the present protocol will be cancelled.
ARI'ICLE 8.
The present agreement enters into force on the date of its signing.
For the Government of the Republic of Indonesia,
Signed
BARLI HALIM
IN WITNESS 'IHERE'I'O, the undersigned, duly
authorised for this purpose by their respective Governments, have signed this agreement and have affixed thereto their seals.
Done in PARIS, the
13"i7
(in t\4.0 original documents, each inFrench and English languages, the t\4.0 texts bei03 equally authoritative).
For the Government of the Republic of France,
Signed
PROI'OCOI..E FINANCIER
relatif aux credits ｦｲ｡ｮｾ｡ｩｳ＠ destines au financement
Le Gouvernement de la Republique de l'Indonesie et le
Gouvernement de la Republique Franc;aise sont convenus des dispositions sui-vantes en vue de faciliter l'effort de develoi::pement econanique de l'Indonesie.
ARI'ICLE 1.
ARI'ICLE 2.
a) Une sanne rraximum de TROIS CENI'S MILLIONS DE FRAOCS (300 MF) est mise
a
la disposition du Gouvernement indonesien pour financer LE CENTRE DE MAINTENANCE DE GARUDA qui seront designes ci-apres ccmne "le projet".b) Les noyens de financement rrentionnes ci-dessus seront utilises pour le financernent des equipements, de l'ingenierie et des services franc;ais, y canpris le fret, necessaires
a
la realisa-tion du projet.Les concours financiers prevus
a
l'Article 1 ci-dessus sontOJnS-titues d'un pret du Tresor franc;ais au Ministere des Finances, agissant pour le canpte de l'Etat indonesien, d'un rrontant naximum de CENT TRENTE DEUX MILLIONS DE FRANCS (132 MF) et de credits bancaires garantis par le Tresor franc;ais, d'un montant naximum de CENT OOIXANI'E HUIT MILLIONS DE FRANCS (168 MF) I destines
a
financer les biens et services mentionnes
a
l'Article 1 du present protocole.ARI'ICLE 3.
Le pret du Tresor et les credits ba.ncaires garantis qui l'accarrpa-gnent seront utilises respectivement dans les proportions de 44 % et 56 % du contrat.
ARI'ICLE 4.
Le pret du Tresor ｦｲ｡ｮｾ｡ｩｳ＠ mentionne
a
l'Article 2 ci-dessus est arrortissable en 33 ans par semestrialites egales et successivesa
canpter de la date du pranier tirage, et porte interet au taux de 1,5 % l'an. Cette duree inclut un differe d'arrortissement de 13 ans.Les interets sur le solde du sont payables
a
la fin de chaque semestre. Une convention d'application entre le Ministere des Finances, agis-sant pour le canpte du Gouvernement indonesien et le Credit National, agisagis-sant pour le carrpte du Gouvernement ｦｲ｡ｮｾ｡ｩｳＬ＠ precisera les rrodalites d'utilisation et de ranboursement de ce pret.ARI'ICLE 5.
Les credits bancaires garantis mentionnes
a
l'Article 2 ci-dessus sont arrortissables en dix (10) ans par vingt (20) semestrialites egales et suc-cessives, la praniere echeant six nois apres la reception provisoire du projet ou les dates de livraison, selon les stipulations du oo des contrat(s) ccmner-ciaux ou de la convention de credit bancaire. Leur taux d'interet est le taux usuel des creditsa
l'exportation auquel s'ajoute le coUt de l'assurance-credit de la COF7\CE.Un accord financier entre le Ministere indonesien des Finances et les etablissements bancaires ｦｲ｡ｮｾ｡ｩｳ＠ precisera, si necessaire, les rrodalites de l'utilisation et du remboursement de ces credits bancaires garantis.
Les accords relatifs aux credits bancaires seront approuves par le Ministere des Finances s'ils ne sont pas signes directement par lui.
ARI'ICLE 6.
Les credits seront utilises pour financer le contrat passe entre le fournisseur ｦｲ｡ｮｾｩｳ＠ et le client apres approbation par les autorites
ｦｲ｡ｮｾ｡ｩｳ･ｳ＠ et indonesiennes canpetentes.
La nonnaie de cx:mpte et la :rronnaie de paiement du contrat sont le franc ｦｲ｡ｮｾ｡ｩｳＮ＠
Un acanpte egal
a
10 % au :rroins du nontant du contrat est pa.yea
la carrnande par tirage sur pret du Tresor. Le solde du prix est regle entre la carmande et la reception confonnementa
l'echeancier prevu au contrat le tout par utilisation conjointe et proportionnelle des :rroyens de financement prevusa
l'Article 2 selon les rrodalites definiesa
l'Article 3 du present protocole.ARI'ICLE 7.
La dat limitW di passation du oontrat financj In application du piislnt protocoll 1st fixj• au 31 ､ｾ｣＠ mbrf 1985
a
rcoins qu'unl nouVllll datl limitlf n'ait ftj ｦｩｾ＠ d'un ccmnun accord lntrl I.ls dlux Gouv1rnlrrlnts. Aucun tiragl nl pourra•trt
ｗｦＺｦｦ｣ｴｾ＠ sur 1 prit du Trfsor ouvlrt par 1 p:rislnt protocoll apris 1 31 dic•mbrw 1987.L s rrontants qui n' auront pas j t j utilisjs pour 11 financ ｾｮ ｴ＠
du proj t confonr4rrlnt aux dispositions du prislnt protocoll slront annul•s.
ARI'ICLE 8.
LI pdslnt protocoll ntrt n vigulur
a
la dat di sa signaturt.Pour
n
Gouvlrnlmlnt ｾ＠ laｾｰｵ｢ｬｩｱｵｬ＠ Inddnfsilnnl,
Signed
BARLI HALIM
EN FOI DE QOOI, lls rlpdslntants dis dlux
GoUVlrn rrl!lnts, dfurlnt autorisjs
a
dlt fflt t ffitsignj 11 pd s nt accord It y ont apposl 11 ur sc.ilau.
Fait a PARIS, 1
'
'7J: __
' ... .t11 LU1--/5i't-(In doubl lxlmplairl , n langu!ls
franc;ais. t anglais , lls dlux tlxtls faisant •gal mint foi ).
Pour 1 Gouvlrnlmlnt di la Rjpubliqul Franc;aisl,
Signed
Jakarta, May 26th, 1983
Mr. Chairman,
IA.Iring our conversation of today I have indicated to you the
in-terest of my authorities for the Garuda Maintenance Center in
Ceng-kareng and have asked you about the possible contribution of France
to the financing of this project.
You have informed me that you will give a favorable
considerati-on to the financing, through the next normal protocol to be signed
between Indonesia and France, of the most sophisticated equipment
and of the services relating to this project for a maximum amount of
70 MF (Seventy Million Francs).
I would be grateful if you could confirm the agreement of your
government of what is stated above.
Please accept, Mr. Chairman, the assurances of my highest
consi-deration.
lhe Chairman of the French
Delegation
Director of Investment and Financial
Cooperation
Department of Foreign Affairs
Jakarta, May 26th, 1983
Mr. Director,
You have been kind enough to send me today a letter which reads
as follows :
.
.
''During our conversation of today I have indicated to you the
interest of
myauthorities for the Garuda Maintenance Center in
Cengkareng and have asked you about the possible contribution of
France to the financing of this project.
You have informed me that you will give a favorable
considerati-on to the financing, through the next normal protocol to be signed
between Indonesia and France, of the most sophisticated equipment_s
and of the services relating to this project for a maximum amount of
70 MF (Seventy Million Francs).
I would be grateful if you could confirm the agreement of your
government of what is stated above."
I have the honor to confirm you the agreement of my government
of what is stated above.
Please accept, Mr. Director, the assurances of my highest
consi-deration.
The Chairman of the French
Delegat1on
Signed
Director of Investment and Financial Cooperation
Department of Foreign Affairs
--,
Jakarta, le 26 Mai 1983
Monsieur le President,
Au
cours de nos discussions de ce jour, je vous ai fait part de
l'interet que portaient mes autorites au centre de maintenance de
Garuda a Cengkareng et vous ai interroge sur la contribution que la
France pourrait apporter au financement de ce projet.
Vous m'avez indique que vous considereriez avec faveur le
f inancement sur le prochain protocole normal qui sera signe entre
l'Indonesie et la France, des equipements les plus sophistiques et
des services afferant ace projet a concurrence d'un montant maximum
de 70 MF (soixante dix millions de francs).
Je vous serais reconnaissant de bien vouloir confirmer l'accord
de votre gouvernement sur ce qui precede.
Je vous prie de croire, Monsieur le President, en l'assurance de
ma haute consideration.
M.le President de la
Delegation Francaise
Le Directeur des Investissements et de la
Cooperation Financiere
Ministere des Aff aires Etrangeres de la
Republique d'Indonesie
Jakarta, le 26 Mai 1983
Monsieur le Directeur,
Vous avez bien voulu m'adresser aujourd'hui une lettre dont le
texte est le suivant
"Au
cours de nos discussions de ce jour, je vous ai fait part de
l'interet que portaient mes autorites au centre de maintenance de
Garuda a Cengkareng et vous ai interroge sur la contribution que la
France pourrait apporter au financement de ce projet.
Vous m'avez indique que vous considereriez avec faveur le
f inancement sur le prochain protocole normal qui sera signe entre
l'Indonesie et la France, des equipements les plus sophistiques et
des services afferant a ce projet a concurrence d'un montant maxinrum
de 70 MF (soixante dix millions de francs).
Je vous serais reconnaissant de bien vouloir confirmer !'accord
de votre gouvernement sur ce qui precede."
J'ai l'honneur de vous confirmer l'accord demon gouvernement
sur ce qui precede.
Je vous prie de croire, Monsieur le Directeur, en !'assurance de
ma haute consideration.
Le
President de la Delegation
Francaise
Signed
M. Le Directeur des
ｉｮｶ･ｳｴｩｳｳｾ＠