(d) Draft(s) must be presented for negotiation no later than March 31th, 2016.
(e) First advising bank: VIETNAM MARITIME COMMERCIAL STOCK BANK (SW: MCOBVNVXXXX)
(2) The undersigned certifies to Japan International Cooperation Agency (hereinafter referred to as “JICA”) that:
(a) The amount of this Application represents expenditures to be made for the purpose specified in the Loan Agreement;
(b) The undersigned has not previously applied for disbursement under the Loan Agreement for the purpose of meeting such expenditures and has not obtained nor will obtain funds for such purpose out of the proceeds of any other loan, credit or grant available to the Borrower;
(c ) The concerned goods and services have been procured in accordance with the applicable procurement procedures agreed with JICA pursuant to the Loan Agreement and the cost and terms of purchase thereof are reasonable;
(d) The said goods and services are to be supplied by the above beneficiary and have been or are to be procured in the country eligible for JICA’s loan;
(e) As of the date of this Application there is no existing default under the Loan Agreement, nor, to the best of the undersigned’s knowledge and belief, under the Guarantee, if any.
(3) Please furnish a second copy of this Application to JICA and request JICA to issue the Letter of Commitment as mentioned in the Commitment Procedure under the Loan Agreement. The above-mentioned Credit shall be issued by you only after receipt of the said Letter of Commitment.
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