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Law No. 168 Of 2 October 1998

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

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LEGE no. 168 168 of 2 October 1998 on the domestic use and settlement of the import of coking coal from the People's Republic of China, on account of the reimbursement of loans granted by the Romanian State through deliveries of equipment and energy equipment related to the Central thermoelectric 3 x 12 MW from CAO-CUN, funded internally from funds allocated from the state budget
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 380 380 of 6 October 1998



The Romanian Parliament adopts this law + Article 1 The internal invoicing of coking coal taken into account of the repayment of the credit granted by the Romanian side for the construction of the 3 x 12 MW thermoelectric power plant from CAO-CUN will be based on the external price of 39 dollars U.S. /tonne FOB port Chinese, transformed into lei at the exchange rate of the foreign exchange market from the date of import customs declaration, communicated by the National Bank of Romania. The expenses of transport and insurance in foreign currency along the external road, as well as expenses in lei on unloading, handling, internal transport and other expenses, including the commission of the importing company, will be borne by consumer companies. + Article 2 Revenue from the domestic use of coking coal taken from the People's Republic of China shall be transferred by the consumer companies to the Ministry of Finance, within 180 calendar days of the date of the import customs declaration. + Article 3 Some quantities of coking coal to be taken from the People's Republic of China to the account of the repayment of the debt for the 3 x 12 MW thermoelectric power plant at CAO-CUN, which cannot be capitalized to the domestic at the price referred to in art. 1, can be capitalized on the foreign market, at competitive prices, but no less than $39 U.S. /tonne FOB Chinese port. + Article 4 The Ministry of Finance and the Ministry of Industry and Commerce, within 10 days of the issuance of this law, will amend the Methodological Norms no 12.320/1994 12.320/1994 Application of Government Ordinance no. 7/1994 , according to the provisions of this law. This law was adopted by the Chamber of Deputies at its meeting on May 25, 1998, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. p. CHAMBER OF DEPUTIES PRESIDENT, ANDREI IOAN CHILIMAN This law was adopted by the Senate at the meeting of September 3, 1998, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT, ULM SPINEANU -------------------