BWBV0004006
Geldig vanaf 13-03-1975
Artikel VII
Tweede Overeenkomst inzake het Nam Ngoem Ontwikkelingsfonds, 1974. Overeenkomst van 26 juni 1974 tussen de Regering van Australië, Canada, de Bondsrepubliek Duitsland, India, Japan, Laos, het Koninkrijk der Nederlanden, Nieuw-Zeeland, Thailand, het Verenigd Koninkrijk van Groot-Brittannië en Noord-Ierland en de Verenigde Staten van Amerika, enerzijds, en de Aziatische Ontwikkelingsbank anderzijds
Section 7.01. (a) Laos shall cause EDL to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering and public utility practices, all in accordance with the Project Agreement.
(b) Subject to the provisions of Section 4.03, Laos shall cause EDL to procure all goods required for the Project under arrangements and procedures satisfactory to the Administrator.
(a) Laos shall cause EDL to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering and public utility practices, all in accordance with the Project Agreement.
(b) Subject to the provisions of Section 4.03, Laos shall cause EDL to procure all goods required for the Project under arrangements and procedures satisfactory to the Administrator.
Section 7.02. (a) Laos shall make available to EDL, promptly as needed, any funds, facilities, services and other resources which are required, in addition to the proceeds of the Fund, for the carrying out of the Project and the operation and maintenance of the Project facilities.
(b) Without prejudice to the generality of the foregoing, Laos shall make available to EDL the proceeds of the loan by the Government of Canada under Section 3.05.
(a) Laos shall make available to EDL, promptly as needed, any funds, facilities, services and other resources which are required, in addition to the proceeds of the Fund, for the carrying out of the Project and the operation and maintenance of the Project facilities.
(b) Without prejudice to the generality of the foregoing, Laos shall make available to EDL the proceeds of the loan by the Government of Canada under Section 3.05.
Section 7.03. Laos shall ensure that the activities of its departments and agencies with respect to the carrying out of the Project and the operation of the Project facilities are conducted and coordinated in accordance with sound administrative policies and procedures.
Section 7.04. Laos and the Administrator shall cooperate fully to ensure that the Project will be efficiently and economically implemented and that the purposes of this Agreement will be accomplished. To that end: (a) Laos shall furnish or cause to be furnished to the Administrator all such information as the Administrator shall reasonably request concerning (i) the Fund and the expenditure of the proceeds thereof; (ii) the goods; (iii) the Project; (iv) the bilateral loans; (v) the administration, operations and financial condition of EDL and any other agencies of Laos responsible for carrying out the Project or any part thereof; (vi) financial and economic conditions in the territories of Laos and the international balance of payments position of Laos; and (vii) other matters relating to the Project or the purposes of the Fund.
(b) Laos shall promptly inform the Administrator of any condition which interferes or threatens to interfere with the execution of the Project, or the accomplishment of the purposes of this Agreement, or the performance by Laos of its obligations under this Agreement or the Financing Agreement, or the performance by EDL of its obligations under the Project Agreement or the Financing Agreement.
(c) Laos and the Administrator shall from time to time, at the request of either party, exchange views through their representatives with regard to matters relating to the execution of the Project, the purposes of this Agreement, and in particular with regard to (i) the performance by Laos of its obligations under this Agreement and the Financing Agreement and (ii) the performance by EDL of its obligations under the Project Agreement and the Financing Agreement.
(a) Laos shall furnish or cause to be furnished to the Administrator all such information as the Administrator shall reasonably request concerning (i) the Fund and the expenditure of the proceeds thereof; (ii) the goods; (iii) the Project; (iv) the bilateral loans; (v) the administration, operations and financial condition of EDL and any other agencies of Laos responsible for carrying out the Project or any part thereof; (vi) financial and economic conditions in the territories of Laos and the international balance of payments position of Laos; and (vii) other matters relating to the Project or the purposes of the Fund.
(b) Laos shall promptly inform the Administrator of any condition which interferes or threatens to interfere with the execution of the Project, or the accomplishment of the purposes of this Agreement, or the performance by Laos of its obligations under this Agreement or the Financing Agreement, or the performance by EDL of its obligations under the Project Agreement or the Financing Agreement.
(c) Laos and the Administrator shall from time to time, at the request of either party, exchange views through their representatives with regard to matters relating to the execution of the Project, the purposes of this Agreement, and in particular with regard to (i) the performance by Laos of its obligations under this Agreement and the Financing Agreement and (ii) the performance by EDL of its obligations under the Project Agreement and the Financing Agreement.
Section 7.05. (a) Laos shall enable the Administrator's representatives to inspect the Project, the goods financed out of the proceeds of the Fund and the bilateral loans and any relevant records and documents.
(b) Laos shall afford all reasonable opportunity for representatives of the Administrator to visit any part of the territories of the Kingdom of Laos for purposes related to the Project.
(a) Laos shall enable the Administrator's representatives to inspect the Project, the goods financed out of the proceeds of the Fund and the bilateral loans and any relevant records and documents.
(b) Laos shall afford all reasonable opportunity for representatives of the Administrator to visit any part of the territories of the Kingdom of Laos for purposes related to the Project.
Section 7.06. The Administrator may enter into such agreements or arrangements with Laos, EDL or any other agency or agencies of Laos responsible for the carrying out of the Project, as the Administrator shall deem desirable for implementing this Agreement. Laos hereby agrees to perform its obligations and cause EDL and any other such agency or agencies to perform their respective obligations under any such agreement or arrangement.
Section 7.07. Laos shall take all action which shall be necessary on its part to enable EDL to perform its obligations under the Project Agreement, including the establishment and maintenance of tariffs as stipulated in Section 3.04 thereof, and shall not take or permit any action which would interfere with the performance of such obligations.
Section 7.08. (a) Laos shall exercise its rights under the Financing Agreement in such a manner as to protect the interests of Laos and the Contributing Parties and to accomplish the purposes of this Agreement.
(b) Except with the prior approval of the Administrator in consultation with the Contributing Parties and the Government of Canada, no rights or obligations under the Financing Agreement shall be assigned, amended, abrogated or waived.
(a) Laos shall exercise its rights under the Financing Agreement in such a manner as to protect the interests of Laos and the Contributing Parties and to accomplish the purposes of this Agreement.
(b) Except with the prior approval of the Administrator in consultation with the Contributing Parties and the Government of Canada, no rights or obligations under the Financing Agreement shall be assigned, amended, abrogated or waived.
Section 7.09. Except as the Administrator shall otherwise agree, Laos shall make and maintain arrangements, satisfactory to the Administrator: (i) to ensure that the importation, acquisition, sale, consumption and ownership of goods and the provision of services for the purposes of carrying out the Project shall be exempt from all taxes and duties; and (ii) to exempt from income and similar taxes payments to non-Laotian contractors, suppliers, consultants and other entities supplying services for the purposes of the Project, and to their non-Laotian employees.
Section 7.10. Laos, in consultation with EDL, shall, prior to 30 June 1974, submit to the Administrator its proposals as to the detailed arrangements for ownership, operation and maintenance of the facilities constructed under the first phase of construction of the Nam Ngum hydropower facilities and to be constructed under the Project and the disposition of any income arising from the operation of such facilities, and shall, not later than 30 September 1974, implement arrangements satisfactory to the Administrator on such matters.
Section 7.11. (a) Laos hereby designates EDL its agent for the purposes of taking any action or entering into any agreement required or permitted under Sections 4.02, 4.05, 4.06, 4.07 and 4.08.
(b) Any action taken or agreement entered into by EDL pursuant to the authority conferred under Section 7.11 (a) shall be fully binding on Laos and shall have the same force and effect as if taken by Laos.
(c) The authority conferred on EDL under Section 7.11 (a) may be revoked or modified by agreement between Laos and the Administrator.
(a) Laos hereby designates EDL its agent for the purposes of taking any action or entering into any agreement required or permitted under Sections 4.02, 4.05, 4.06, 4.07 and 4.08.
(b) Any action taken or agreement entered into by EDL pursuant to the authority conferred under Section 7.11 (a) shall be fully binding on Laos and shall have the same force and effect as if taken by Laos.
(c) The authority conferred on EDL under Section 7.11 (a) may be revoked or modified by agreement between Laos and the Administrator.
(b) Subject to the provisions of Section 4.03, Laos shall cause EDL to procure all goods required for the Project under arrangements and procedures satisfactory to the Administrator.
(a) Laos shall cause EDL to carry out the Project with due diligence and efficiency, and in conformity with sound administrative, financial, engineering and public utility practices, all in accordance with the Project Agreement.
(b) Subject to the provisions of Section 4.03, Laos shall cause EDL to procure all goods required for the Project under arrangements and procedures satisfactory to the Administrator.
Section 7.02. (a) Laos shall make available to EDL, promptly as needed, any funds, facilities, services and other resources which are required, in addition to the proceeds of the Fund, for the carrying out of the Project and the operation and maintenance of the Project facilities.
(b) Without prejudice to the generality of the foregoing, Laos shall make available to EDL the proceeds of the loan by the Government of Canada under Section 3.05.
(a) Laos shall make available to EDL, promptly as needed, any funds, facilities, services and other resources which are required, in addition to the proceeds of the Fund, for the carrying out of the Project and the operation and maintenance of the Project facilities.
(b) Without prejudice to the generality of the foregoing, Laos shall make available to EDL the proceeds of the loan by the Government of Canada under Section 3.05.
Section 7.03. Laos shall ensure that the activities of its departments and agencies with respect to the carrying out of the Project and the operation of the Project facilities are conducted and coordinated in accordance with sound administrative policies and procedures.
Section 7.04. Laos and the Administrator shall cooperate fully to ensure that the Project will be efficiently and economically implemented and that the purposes of this Agreement will be accomplished. To that end: (a) Laos shall furnish or cause to be furnished to the Administrator all such information as the Administrator shall reasonably request concerning (i) the Fund and the expenditure of the proceeds thereof; (ii) the goods; (iii) the Project; (iv) the bilateral loans; (v) the administration, operations and financial condition of EDL and any other agencies of Laos responsible for carrying out the Project or any part thereof; (vi) financial and economic conditions in the territories of Laos and the international balance of payments position of Laos; and (vii) other matters relating to the Project or the purposes of the Fund.
(b) Laos shall promptly inform the Administrator of any condition which interferes or threatens to interfere with the execution of the Project, or the accomplishment of the purposes of this Agreement, or the performance by Laos of its obligations under this Agreement or the Financing Agreement, or the performance by EDL of its obligations under the Project Agreement or the Financing Agreement.
(c) Laos and the Administrator shall from time to time, at the request of either party, exchange views through their representatives with regard to matters relating to the execution of the Project, the purposes of this Agreement, and in particular with regard to (i) the performance by Laos of its obligations under this Agreement and the Financing Agreement and (ii) the performance by EDL of its obligations under the Project Agreement and the Financing Agreement.
(a) Laos shall furnish or cause to be furnished to the Administrator all such information as the Administrator shall reasonably request concerning (i) the Fund and the expenditure of the proceeds thereof; (ii) the goods; (iii) the Project; (iv) the bilateral loans; (v) the administration, operations and financial condition of EDL and any other agencies of Laos responsible for carrying out the Project or any part thereof; (vi) financial and economic conditions in the territories of Laos and the international balance of payments position of Laos; and (vii) other matters relating to the Project or the purposes of the Fund.
(b) Laos shall promptly inform the Administrator of any condition which interferes or threatens to interfere with the execution of the Project, or the accomplishment of the purposes of this Agreement, or the performance by Laos of its obligations under this Agreement or the Financing Agreement, or the performance by EDL of its obligations under the Project Agreement or the Financing Agreement.
(c) Laos and the Administrator shall from time to time, at the request of either party, exchange views through their representatives with regard to matters relating to the execution of the Project, the purposes of this Agreement, and in particular with regard to (i) the performance by Laos of its obligations under this Agreement and the Financing Agreement and (ii) the performance by EDL of its obligations under the Project Agreement and the Financing Agreement.
Section 7.05. (a) Laos shall enable the Administrator's representatives to inspect the Project, the goods financed out of the proceeds of the Fund and the bilateral loans and any relevant records and documents.
(b) Laos shall afford all reasonable opportunity for representatives of the Administrator to visit any part of the territories of the Kingdom of Laos for purposes related to the Project.
(a) Laos shall enable the Administrator's representatives to inspect the Project, the goods financed out of the proceeds of the Fund and the bilateral loans and any relevant records and documents.
(b) Laos shall afford all reasonable opportunity for representatives of the Administrator to visit any part of the territories of the Kingdom of Laos for purposes related to the Project.
Section 7.06. The Administrator may enter into such agreements or arrangements with Laos, EDL or any other agency or agencies of Laos responsible for the carrying out of the Project, as the Administrator shall deem desirable for implementing this Agreement. Laos hereby agrees to perform its obligations and cause EDL and any other such agency or agencies to perform their respective obligations under any such agreement or arrangement.
Section 7.07. Laos shall take all action which shall be necessary on its part to enable EDL to perform its obligations under the Project Agreement, including the establishment and maintenance of tariffs as stipulated in Section 3.04 thereof, and shall not take or permit any action which would interfere with the performance of such obligations.
Section 7.08. (a) Laos shall exercise its rights under the Financing Agreement in such a manner as to protect the interests of Laos and the Contributing Parties and to accomplish the purposes of this Agreement.
(b) Except with the prior approval of the Administrator in consultation with the Contributing Parties and the Government of Canada, no rights or obligations under the Financing Agreement shall be assigned, amended, abrogated or waived.
(a) Laos shall exercise its rights under the Financing Agreement in such a manner as to protect the interests of Laos and the Contributing Parties and to accomplish the purposes of this Agreement.
(b) Except with the prior approval of the Administrator in consultation with the Contributing Parties and the Government of Canada, no rights or obligations under the Financing Agreement shall be assigned, amended, abrogated or waived.
Section 7.09. Except as the Administrator shall otherwise agree, Laos shall make and maintain arrangements, satisfactory to the Administrator: (i) to ensure that the importation, acquisition, sale, consumption and ownership of goods and the provision of services for the purposes of carrying out the Project shall be exempt from all taxes and duties; and (ii) to exempt from income and similar taxes payments to non-Laotian contractors, suppliers, consultants and other entities supplying services for the purposes of the Project, and to their non-Laotian employees.
Section 7.10. Laos, in consultation with EDL, shall, prior to 30 June 1974, submit to the Administrator its proposals as to the detailed arrangements for ownership, operation and maintenance of the facilities constructed under the first phase of construction of the Nam Ngum hydropower facilities and to be constructed under the Project and the disposition of any income arising from the operation of such facilities, and shall, not later than 30 September 1974, implement arrangements satisfactory to the Administrator on such matters.
Section 7.11. (a) Laos hereby designates EDL its agent for the purposes of taking any action or entering into any agreement required or permitted under Sections 4.02, 4.05, 4.06, 4.07 and 4.08.
(b) Any action taken or agreement entered into by EDL pursuant to the authority conferred under Section 7.11 (a) shall be fully binding on Laos and shall have the same force and effect as if taken by Laos.
(c) The authority conferred on EDL under Section 7.11 (a) may be revoked or modified by agreement between Laos and the Administrator.
(a) Laos hereby designates EDL its agent for the purposes of taking any action or entering into any agreement required or permitted under Sections 4.02, 4.05, 4.06, 4.07 and 4.08.
(b) Any action taken or agreement entered into by EDL pursuant to the authority conferred under Section 7.11 (a) shall be fully binding on Laos and shall have the same force and effect as if taken by Laos.
(c) The authority conferred on EDL under Section 7.11 (a) may be revoked or modified by agreement between Laos and the Administrator.
- Citeren als
- Art. VII
- Geldig vanaf
- Status
- Geldend recht
- Identificatie
- BWBV0004006
- Officiële bron
- wetten.overheid.nl