Law No. 168 Of 2 October 1998

Original Language Title:  LEGE nr. 168 din 2 octombrie 1998

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Law No. 168 of 2 October 1998 concerning the recognition and valorization of the import of coking coal from Chinese Folk Republic, on behalf of the reimbursement of loans of the Romanian State through deliveries of equipment and machines related energy thermoelectric power plant of 3 x 12 MW at CUN, CAO-funded from internal funds allocated from the State budget in PARLIAMENT Published the ISSUING the OFFICIAL GAZETTE nr. 380 of 6 October 1998 Parliament adopts this law.

Article 1 the internal Billing of coking coal picked up the payback account given by Romanian side for thermoelectric Plant construction, 3 x 12 MW from CAO-CUN will be based on external price of 39 dollars S.U.A./tona FOB Chinese port, transformed into lei, at the exchange rate of the currency market from the date of the customs declaration for import , National Bank press release.
Transport and insurance costs in foreign currency over time, as well as expenses relating to the unloading, handling of lions, the transport route and other expenses, including importing company, commissions are paid by companies consuming.

Article 2 the revenue from the sale to domestic coking coal taken from Chinese Folk Republic shall be transferred by companies consuming, on behalf of the Ministry of finance, within 180 calendar days of the date of the customs import declaration.

Article 3 Some quantities of coking coal to be taken from Chinese Folk Republic into account debt refund for Central termoelectrica 3 x 12 MW from CAO-CUN, which cannot be recovered from domestic price referred to in article. 1, can be capitalized on foreign market at competitive prices, but not less than $ 39 S.U.A./tona FOB Chinese port.

Article 4 the Ministry of finance and Ministry of industry and trade, within 10 days after the issuance of this law will change the methodological norms No. 12.320/1994 implementing Ordinance No. 7/1994, in accordance with the provisions of this law.
This law was adopted by the Chamber of deputies at its meeting of 25 May 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. CHAMBER of DEPUTIES PRESIDENT, ANDREW JOHN CHILIMAN this law was adopted by the Senate at its meeting on 3 September 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the SENATE, pp. ULM SADR — — — — — — — — — — — — — — — — — — —