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RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of March 7, 2003 No. 6162

Questions of National Clearing Centre under the Cabinet of Ministers of Turkmenistan

In pursuance of the resolution of the President of Turkmenistan from 22 Turkmenbashi of 2003 No. 6084 "About creation of National Clearing Centre under the Cabinet of Ministers of Turkmenistan" I decide:

1. Establish the number of employees of National Clearing Centre under the Cabinet of Ministers of Turkmenistan in number of 35 people.

2. Permit the Chairman of National Clearing Centre to have two deputies under the Cabinet of Ministers of Turkmenistan.

3. Approve the enclosed Regulations on National Clearing Centre under the Cabinet of Ministers of Turkmenistan.

4 To impose control over the implementation of this resolution on the Vice-chairman of the Cabinet of Ministers of Turkmenistan Gurbanmuradov E.

 

President of Turkmenistan

Saparmurat Turkmenbashi

Approved by the resolution of the President of Turkmenistan of March 7, 2003 No. 6162

Regulations on National Clearing Centre under the Cabinet of Ministers of Turkmenistan *

1. This Provision is developed according to the resolution of the President of Turkmenistan from 22 Turkmenbashi of 2003 No. 6084 "About creation of National Clearing Centre under the Cabinet of Ministers of Turkmenistan" and determines the main activities of Clearing center by ensuring effective control behind accomplishment of yearly settlements by commodity part of payment for the exported natural gas.

2. The clearing center is the state company with the rights of the legal entity, has the isolated property, separate balance, settlement and other accounts in organizations of banks, seal with the image of the State Emblem of Turkmenistan and the name. The clearing center acquires the status of the legal entity from the moment of its registration in the Unified State Register of Legal Entities of Turkmenistan.

3. Activities of Clearing center are performed according to the current legislation of Turkmenistan, acts of the President of Turkmenistan, decisions of the Cabinet of Ministers of Turkmenistan and this Provision.

4. Content of Clearing center is performed by profit of the State trade corporation "Turkmenneftegaz" and other target sources.

5. Relations of Clearing center with the ministries and departments of Turkmenistan - holders of commodity quotas are regulated by annually signed agreements.

____________

* The Clearing center is referred to as.

6. The main objectives of activities of Clearing center are:

control of accomplishment of yearly settlements by commodity part of payment for the exported natural gas;

coordination of work of the ministries and departments - holders of commodity quotas on commodity deliveries for natural gas export within the quotas allocated to them;

data collection about the needs for material resources of the ministries and departments of Turkmenistan - holders of commodity quotas and their generalization within allocated quotas;

ensuring the approved and permanent interaction with the ministries and departments - holders of commodity quotas and other state bodies, and also the legal entities participating in realization of calculations for commodity part of calculations for natural gas export;

accomplishment of contract commitments under the signed contracts of the State trade corporation "Turkmenneftegaz" on deliveries of industrial goods and the goods arriving on account of commodity calculations based on requests of the ministries and departments of Turkmenistan on allocated quotas on commodity deliveries, the organization of accounting and control of commodity deliveries;

monitoring and coordination of delivery performance of industrial goods and goods and rendering services in strict accordance with the approved terms and specifications;

information support on industrial goods and goods delivered on account of commodity part of calculations for natural gas export.

7. For accomplishment of the tasks assigned to it the Clearing center has the right:

conclude with the ministries and departments - holders of commodity quotas of the agreement on regulation of relations and rendering services in the organization of deliveries of products for natural gas export;

demand from the ministries and departments - holders of commodity quotas of justification of the submitted requests for products, priority of deliveries, offers on terms of deliveries and compliance to the production requirements determined in industry development programs, and also the feasibility and optimality of the represented offers in case of determination of suppliers of goods, products and services declared to products;

in case of impossibility of ensuring commodity deliveries in coordination with the Cabinet of Ministers of Turkmenistan and the ministries and departments - holders of commodity quotas to make changes to the nomenclature, amounts, conditions and terms of deliveries within the quotas allocated to them, and also to make offers in the Cabinet of Ministers of Turkmenistan on Redistribution of quotas.

8. The clearing center shall:

perform contracts for commodity deliveries on the terms of the contracts of purchase and sale of natural gas signed by the State trade corporation "Turkmenneftegaz" with buyers of natural gas;

perform the systematic analysis of level of contract prices, accomplishment of contract commitments on commodity deliveries and timeliness of deliveries of products;

not allow deliveries of products over allocated quotas, take measures for exception of clearing deliveries of unreliable suppliers;

provide timely contract performance in strict accordance with the approved specification (taking into account the arising changes), including coordination in accordance with the established procedure of contract prices;

if necessary to demand from buyers of gas of conducting examination of suppliers and contractors of investment projects regarding compliance to the established requirements;

exercise control upon goods receipt and completion of the rendered services according to the approved terms and specifications, and also coordination of the corresponding procedures of document creation;

provide monitoring of the arrived goods and services in payment for by commodity part of calculations in cash equivalent according to amounts of the actual natural gas export, and also creation of the current composite balance sheet on debt;

perform data collection about the needs for material resources of the ministries and departments of Turkmenistan - holders of commodity quotas and to generalize them;

provide in accordance with the established procedure accounting and statistical records according to regulating documents;

exercise control of customs clearance of products arriving in the ministries and departments of Turkmenistan according to the drawn-up and approved specifications;

prepare for the Commission on coordination of activities of Clearing center of suggestion for improvement of settlement system on commodity part of calculations for natural gas export;

represent all types of the reporting connected with the main activities of Clearing center to the Cabinet of Ministers of Turkmenistan;

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