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Document E1995C1123(01)

Authorization for State aid pursuant to Article 61 of the EEA Agreement and Article 11 of the Act referred to in point 1b of Annex XV to the EEA Agreement EFTA Surveillance Authority decision not to raise objections

OJ C 312, 23.11.1995, p. 22–22 (ES, DA, DE, EL, EN, FR, IT, NL, PT, FI, SV)

E1995C1123(01)

Authorization for State aid pursuant to Article 61 of the EEA Agreement and Article 11 of the Act referred to in point 1b of Annex XV to the EEA Agreement EFTA Surveillance Authority decision not to raise objections

Official Journal C 312 , 23/11/1995 P. 0022 - 0022


Authorization for State aid pursuant to Article 61 of the EEA Agreement and Article 11 of the Act referred to in point 1b of Annex XV to the EEA Agreement EFTA Surveillance Authority decision not to raise objections (95/C 312/11)

Date of adoption: 27. 9. 1995

EFTA State: Norway

Aid No: 95-004

Title: Existing State aid to the shipbuilding industry:

- Grants for shipbuilding, newbuildings and conversions,

- Export credit guarantees for ships (by the GIEK),

- The guarantee scheme for ship construction

Objective: Contract-related producion aid to shipbuilding

Legal basis:

- Directions by the Royal Ministry of Industry and Energy of 28. 12. 1994 ('Føresegner for statleg støtte ved kontrahering av skip`), as amended by the Ministry's directions of 18. 1. 1995

- For guarantees by the Guarantee Institute for Export Credits (GIEK) and the guarantee scheme for ship construction: the annual State budget

Budget: For the grant scheme for shipbuilding and conversion: Nkr 1 064 million for 1995

Aid intensity: For the construction of vessels of not less than 100 GT:

- 9 % for vessels whose contract value is ECU 10 million or more,

- 4,5 % for vessels of a contract value less than ECU 10 million,

- 4,5 % for major conversions of vessels of at least 1 000 GT

Credit guarantees within the limits of the OECD Understanding on Export Credits for Ships

Duration: Until 31 December 1995

Conditions: Reports pursuant to Article 12 of the Act referred to in point 1b of Annex XV to the EEA

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