United Nations S/2007/725 Distr.: General 12 December 2007 Original: English Security Council Letter dated 7 December 2007 from the Secretary-General to the President of the Security Council I have the honour to refer to my letter dated 27 July 2007 (S/2007/476) and the letter of the President of the Security Council dated 8 November 2007 (S/2007/661). The members of the Council welcomed the efforts of the Secretariat to meet with the relevant officials of the Government of Iraq, and also appreciated the effort the Secretariat has made to resolve the BNP Paribas concerns. The members of the Council requested me to address specific matters including but not limited to the following: (a) extending or reinstating specific letters of credit; (b) submitting to BNP Paribas all the necessary documents related to the 17 letters of credit included in annex VI to my letter dated 25 July 2007 to the President of the Security Council (S/2007/476); (c) promptly finding a solution to the remaining issues so that payments may be made to concerned companies; (d) developing proposals to address unresolved issues, including the establishment of mechanisms to deal with outstanding issues; and (e) reporting again to the Council within three weeks. In this respect, please find attached a note outlining the progress made with respect to the requests of the Council set forth above. (Signed) Ban Ki-moon 07-63929 (E) 040108 *0763929* S/2007/725 Note by the Secretary-General on the arrangements for terminating the operations relating to the letters of credit raised against the United Nations Iraq Account under Security Council resolution 1483 (2003) I. Status of the United Nations Iraq Account 1. As of 30 November 2007, the United Nations Iraq Account had the equivalent amount of approximately $1.175 billion. Of this total amount, approximately $602 million is held in the cash collateral portion of the Account to cover both unexpired letters of credit and expired letters of credit for which claims of delivery have been made. The remaining amount of approximately $573 million is currently held in the non-collateral portion of the Account, which corresponds to the following amounts: (a) $187 million, which is being held in the Account as a reserve for any unanticipated claims until such issues are resolved pursuant to paragraph 16 of the note attached to the letter of my predecessor to the President of the Security Council dated 10 July 2006 (S/2006/510); (b) $225 million originally held in the Account as collateral in respect of 47 expired letters of credit, which has not been transferred to the Development Fund for Iraq pending the resolution of claims of delivery from suppliers in those cases where the Government of Iraq has not issued authentication documents, pursuant to paragraph 14 of my note to the President of the Security Council dated 25 July 2007 (S/2007/476); and (c) $161 million of cash collateral relating to letters of credit that have recently expired and that do not have claims of delivery, together with interest that was earned on the investment of funds in the United Nations Iraq Account. II. Status of the letters of credit as of 30 November 2007 2. As of 30 November 2007, there were 215 outstanding letters of credit (see summary table below and annex I to the present note) with an aggregate amount of $602 million. Table 1 Summary of status of letters of credit as of 30 November 2007 Expiration Number of letters of credit Value (United States dollars) Expired in 2004 Expired in 2005 Expired in 2006 Expiring in 2007 Total 43 11 93 68 215 43 780 883 6 373 807 256 736 366 295 504 862 602 395 918 3. As of the effective termination date of 31 December 2007, these outstanding letters of credit, summarized above, should fall into one of the following categories: (a) fully paid letters of credit; (b) partially paid letters of credit with no further claims of delivery; (c) fully cancelled letters of credit with no claims of delivery; 2 07-63929 S/2007/725 (d) partially cancelled letters of credit with no further shipments; and (e) expired letters of credit with claims of delivery that have not been paid for lack of authentication documents. III. Release of cash collateral from the United Nations Iraq Account 4. It should be recalled that in the letter of the Secretary-General dated 10 July 2006 to the President of the Security Council, he indicated that unless there was an objection from the Council, funds in the amount of $187 million would be held in the United Nations Iraq Account as a reserve for any unanticipated claims from suppliers. It is also recalled that in my letter of 25 July 2007, I indicated that additional funds amounting to $225 million would be retained pending resolution of the issue of claims of delivery from suppliers. The Council duly took note of this position. Currently, the cash collateral portion of the United Nations Iraq Account is the only source for payment on any letter of credit with a claim from the supplier. Therefore, it would be prudent if sufficient funds were maintained in the United Nations Iraq Account beyond 31 December 2007, in order to settle all claims of suppliers who have delivered goods in Iraq. 5. It is further recalled that, as mentioned in paragraph 1 above, a further balance of approximately $161 million is currently maintained and held in the United Nations Iraq Account as a result of the release of collateral in respect of recently expired letters of credit. The Council may wish to decide whether to retain these funds in the Account or make a transfer to the Development Fund for Iraq consistent with the provisions of Security Council resolution 1483 (2003). Absent any objection from the Council, these funds will be transferred to the Fund before the end of 2007. IV. Claims of delivery by suppliers 6. As indicated in the letter dated 8 November 2007 from the President of the Security Council to the Secretary-General (S/2007/661), the members of the Council expressed their ongoing concern with respect to the slow and non-provision of authentication documents by the Government of Iraq and their concern that there were expired letters of credit for which there were claims of delivery from the suppliers. 7. In spite of the continued calls from the Security Council and the Secretariat, the issuance of authentication documents has been very slow and at times not forthcoming. Under existing procedures pursuant to Security Council resolution 986 (1995), payments cannot be made to suppliers who have delivered goods and services in Iraq without the receipt of the corresponding authentication documents from the Central Bank of Iraq. 8. Notwithstanding these efforts, there are currently 179 outstanding letters of credit with claims of delivery (see table 2 below and annex II to the present note) with an approximate value of $206 million where the letters of credit have expired, or are due to expire on 31 December 2007, but for which there are claims of delivery from the suppliers based upon documents pending with BNP Paribas. In 07-63929 3 S/2007/725 addition, the Secretariat has identified certain beneficiaries who made claims of delivery prior to the expiry of the letter of credit and whose letters of credit were cancelled who are not included in the outstanding letters of credit mentioned above. Table 2 Summary of letters of credit for which there are claims of delivery but for which no authentication documents have been submitted as of 30 November 2007 Value of letters of credit (United States dollars) Number of letters of credit with claims Value of claims (United States dollars) Expiration Outstanding letters of credit Expired letters of credit as of 30 November 2007 Expiring 1-31 December 2007 Total 154 61 215 327 705 386 274 690 532 602 395 918 135 44 179 122 182 870 83 450 874 205 633 744 9. It should be noted that 17 letters of credit out of the 179 outstanding letters of credit with claims of delivery were referred to in my letter to the President of the Security Council dated 25 July 2007. In the letter from the President of the Security Council dated 8 November 2007, the Council requested the Secretariat to issue all necessary documentation to BNP Paribas for early settlement of the related payments associated with these letters of credit. As requested, I am pleased to report to the Council that the Secretariat has issued all the necessary documentation to BNP Paribas for the settlement of the 17 letters of credit referred to above. 10. Against this background, and as a follow-up to the meeting held earlier on 3 and 4 June 2007 between the Government of Iraq and the Secretariat (see S/2007/476), the Controller of the United Nations met on 20 and 21 November 2007 with the representatives of the Government of Iraq in Jordan to discuss the progress with regard to, and the arrangements for, the final termination of the programme. The understandings reached at that meeting are summarized in the minutes which follow the present note. V. Procedures of terminating the operations for letters of credit under the oil-for-food programme 11. In an effort to move towards the termination of the operations relating to the letters of credit under the programme, the Secretariat has regularly cancelled letters of credit that have expired on their own terms with no claim of delivery asserted by the supplier and with no request for extension from the Government of Iraq, usually 90 days after the expiry date. The Government of Iraq has agreed with the Controller that no extension would be processed for any letters of credit that would result in shipment beyond 31 December 2007, bearing in mind the non-negotiable termination date of 31 December 2007, as indicated by the Council in the letter dated 8 November 2007 from the President of the Security Council to the SecretaryGeneral. 12. To maximize the number of letters of credit cancelled by 31 December 2007, the Secretariat will continue its existing process of reviewing the expired letters of 4 07-63929 S/2007/725 credit for which no claim of delivery has been made to determine whether a letter of credit can be cancelled and the associated cash collateral released from the collateral portion to the non-collateral portion of the United Nations Iraq Account. Such funds would in principle be available for transfer to the Development Fund for Iraq, in accordance with Security Council resolution 1483 (2003). 13. In order to terminate efficiently the operations of the letters of credit under the programme and to accommodate the payment of letters of credit beyond 31 December 2007, the banking services agreement between the United Nations and BNP Paribas has been extended until 30 June 2008. Accordingly, BNP Paribas will process letters of credit for full payment or partial payment pursuant to their terms and conditions. 14. In the meeting held in Jordan between representatives of the Government of Iraq and the Secretariat on 20 and 21 November 2007 to discuss arrangements for the termination of the operations of the programme, the Government of Iraq and the Secretariat agreed to set up a working group composed of members of the Secretariat, the Central Bank of Iraq and the relevant ministries of the Government of Iraq in order to minimize the number of unpaid letters of credit as of 31 December 2007 for which claims of delivery have been made. The working group is expected to meet shortly to address and resolve issues arising from the 179 outstanding letters of credit with claims of delivery (see table 2 above). It is anticipated that the working group will meet during a limited period of two weeks to review all outstanding claims of delivery in order for the Government of Iraq to confirm delivery and, accordingly, to issue and transmit the necessary authentication documents of arrival at the earliest possible time, following the sessions of the working group. 15. As a result of the activities of the working group, if an authentication document is delivered to the Secretariat within 90 days after 31 December 2007, for shipments made no later than 31 December 2007, payment under the respective letter of credit would be made by BNP Paribas. However, if an authentication document is not delivered within the 90-day period after 31 December 2007, the claim of delivery relating to the expired letter of credit would have to be resolved through a claims settlement mechanism. 16. At the meeting held on 20 and 21 November 2007 with the Secretariat, the Government of Iraq expressed its reservation with respect to the establishment of a claims settlement mechanism. The Government of Iraq is of the view that all outstanding issues could and should be resolved in the context of the working group described above. The Government of Iraq acknowledged, however, that a limited amount of issues may remain unresolved beyond the date of completion of the activities of the working group. With regard to unresolved issues, the Government of Iraq proposed to make every effort to settle outstanding issues in cooperation with the Secretariat in the first quarter of 2008. However, should any issues remain unresolved as of 1 April 2008, I would propose that a streamlined claims mechanism be established in order to bring the programme to an orderly and timely closure in an efficient, fair and independent manner. 07-63929 5 S/2007/725 VI. Proposal to address unresolved issues arising from the termination of the operations of the oil-for-food programme 17. Taking into consideration that the best efforts by the Government of Iraq and the Secretariat may not resolve all outstanding issues, I propose the establishment of a streamlined claims settlement mechanism to bring the programme to an orderly and timely closure in an efficient and fair manner. A. Institutional framework The Committee 18. For purposes of settlement of the outstanding issues under the programme identified in section IV above, it is proposed that the Security Council, by virtue of a Security Council resolution, establish a body to be known as the Oil-for-Food Claims Settlement Committee. The Committee will operate under the authority of the Security Council and will be a subsidiary organ thereof. 19. Only the following categories of suppliers would be entitled to present claims of payment on letters of credit to the Committee: (a) beneficiaries of outstanding letters of credit with claims of delivery (category A); and (b) other beneficiaries of letters of credit issued by BNP Paribas under the programme who had made claims of delivery prior to expiry and whose letters of credit were cancelled (category B), as described in section IV above. 20. Upon conclusion of the working group, as indicated in paragraph 16 above, the Secretary-General will report to the Security Council the list of potential claimants under the above-referenced categories. 21. In order to replicate to the greatest extent possible the current letter of credit payment process established under the programme, the subject matter jurisdiction of the Committee would be limited to: (a) claims for payment on letters of credit by any beneficiary of category A or B; and (b) claims by the Government of Iraq that the category A or B beneficiary failed to deliver the goods to Iraq (in whole or in part), which, if substantiated, would have justified the non-issuance of an authentication document (the confirmation of arrival defences). 22. The Committee shall not decide any contractual disputes that exceed the above subject matter jurisdiction. Any such disputes should be addressed through the dispute resolution mechanism established in the underlying commercial contract between the Government of Iraq and the relevant suppliers or, in the absence of such mechanism, by a competent court. The account 23. As of the date of the constitution of the Committee, it is proposed that funds in the United Nations Iraq Account in an amount equivalent to (a) the aggregate value of the letters of credit of any category A and B beneficiaries included in the final list of potential claimants; and (b) a reasonable estimate by the Secretary-General of expenses to be incurred by the Committee, be transferred to an account that will be established and administered by the Secretary-General, as a special account of the 6 07-63929 S/2007/725 United Nations, for purposes of payments resulting from the adjudication of claims filed before the Committee. The account will be known as the Committee account. 24. The Committee account will be operated in accordance with the United Nations Financial Regulations and Rules of the United Nations. As a special account of the United Nations, the account will therefore enjoy, in accordance with Article 105 of the Charter and the Convention on the Privileges and Immunities of the United Nations of 13 February 1946 (the General Convention), the status, facilities, privileges and immunities accorded to the United Nations. The Committee account will be used for payments resulting from the adjudication of claims filed before the Committee and for the expenses of the Committee, as described in paragraph 40 below. 25. Should the funds of the Committee account be insufficient at any time, I shall notify the Government of Iraq, together with a request that the Government of Iraq make available appropriate additional funding. In the event that the Government of Iraq fails to comply with my request for additional funding, I will report this matter to the Security Council for appropriate action. 26. At the earliest possible time following the conclusion of the operations of the Committee and in accordance with Security Council resolution 1483 (2003), the Secretary-General will transfer to the Development Fund for Iraq any remaining funds in the Committee account, subject to the approval of the Council. Structure and composition of the Committee Executive Board 27. The principal organ of the Committee shall be a 15-member Executive Board composed of the representatives of the current members of the Security Council at any given time. Panel of Experts and Panel of Arbitrators 28. Claims submitted to the Committee would be resolved in two stages, with procedural features that would emphasize efficiency, flexibility and costeffectiveness. The first stage would consist of an administrative process before a Panel of Experts. The second stage would consist of an arbitral proceeding before a Panel of Arbitrators. This institutional design would permit rapid processing of undisputed claims in an administrative process, but also ensure that disputed claims are fairly resolved in adversarial arbitration proceedings. 29. The Executive Board shall establish the Panel of Experts and the Panel of Arbitrators. To increase the consistency and predictability of their decisions, and to maximize the benefit of their expertise and institutional memory, the Panel of Experts and the Panel of Arbitrators should each be a standing body of 15 members. The members of the respective Panels should therefore be appointed for the term of the life of the Committee set forth in paragraph 44 below. 30. Experts and arbitrators should be selected on the basis of their experience and qualifications, according to clear and transparent procedures. Experts should be experienced in international trade and, in particular, in the use of documentary credit in international commerce. Arbitrators should, in addition, have significant experience in international commercial arbitration. 07-63929 7 S/2007/725 31. Claims submitted to the Committee should be considered by chambers of three experts or arbitrators, as the case may be. The Executive Board should select experts and arbitrators with due consideration for geographical balance, as well as neutrality and impartiality, in the composition of each Panel. To achieve this objective, no national of a State with an interest as either a buyer or a supplier or their affiliates should sit on either Panel. Committee secretariat 32. A secretariat, composed of an Executive Secretary and the necessary staff, shall be established to service the Executive Board, the Panel of Experts and the Panel of Arbitrators. The Executive Secretary will be appointed by the SecretaryGeneral after consultation with the Executive Board. The staff of the Committee secretariat will be appointed by the Secretary-General. The Executive Secretary and staff will serve under the United Nations Staff Rules and Regulations. Functions of the Committee Executive Board 33. As the policymaking organ of the Committee, the Executive Board will have the responsibility for establishing guidelines on all administrative, procedural and policy matters. In particular, the Executive Board shall be responsible for: (a) establishing procedures for the selection and appointment of experts and arbitrators; (b) establishing guidelines for the processing of claims, including the adoption of procedural and evidentiary rules for the resolution of claims submitted to the Committee; and (c) administering the Committee. The decisions of the Executive Board should be taken by a majority of at least nine of its members. No veto will apply in the Executive Board. The Executive Board may invite members of the United Nations Secretariat or other persons to supply it with information or to give other assistance in examining the matters within its competence. The Executive Board will, on behalf of the Committee, report periodically to the Security Council and to the Secretary-General. Panel of Experts and Panel of Arbitrators 34. The Panel of Experts and the Panel of Arbitrators will process claims properly submitted to the Committee, in accordance with the guidelines established by the Executive Board. 35. Claims properly filed with the Committee will first be submitted for determination to the Panel of Experts. The experts will make one of three determinations: (a) the supplier has provided fully conforming documentation (other than an authentication document) and payment is due; (b) the supplier has not provided fully conforming documentation (other than an authentication document) and no payment is due; and (c) if the Panel of Experts is given authority to waive certain discrepancies (as referenced in para. 51 below), the supplier has not provided fully conforming documentation but payment is due because the discrepancies are waived. 36. Both the supplier and the Government of Iraq will be notified of the determination of the experts. If the experts determine that payment is not due, the supplier can submit that determination for review by the Panel of Arbitrators on the 8 07-63929 S/2007/725 ground that the determination is based on a "manifest error". If the experts determine that payment is due, the Government of Iraq can submit that determination for review by the Panel of Arbitrators asserting (a) a confirmation of arrival defence and/or (b) the existence of a "manifest error". 37. If neither party requests review of the experts' determination within a certain period of time, payment of any amount thus determined due will be made from the Committee account. Committee secretariat 38. Under the direction of the Executive Secretary, the Committee secretariat will carry out such tasks as may be assigned to it by the Executive Board, the Panel of Experts and the Panel of Arbitrators. The primary responsibility of the Committee secretariat will be the technical administration of the Committee, including the provision of administrative and other services to the Executive Board, the Panel of Experts and the Panel of Arbitrators. To ensure, among other things, that the same staff member does not provide secretarial functions in respect of the same case at the first and at the second stage of the Committee proceedings, appropriate rules for the Committee secretariat will have to be established and practical arrangements will have to be made. Status, privileges and immunities of the Committee 39. The General Convention shall apply to the Committee and its secretariat. The members of the Executive Board will have the status of representatives of Member States, and the experts and arbitrators will have the status of experts on mission within the meaning of article VI of the General Convention. The Executive Secretary and the staff of the Committee secretariat will be staff members of the United Nations and, therefore, will have the status of officials within the meaning of articles V and VII of the General Convention. Expenses of the Committee 40. The expenses of the Committee, including those of the Executive Board, the experts, the arbitrators, the secretariat and any other activities associated with the implementation of the mandate of the Committee, including activities of the Untied Nations Secretariat, shall be borne by the Committee account. Headquarters of the Committee 41. For reasons of economy and practicality, particularly in the secretariat serving the Executive Board, the Panel of Experts and the Panel of Arbitrators, and given that the operational centre for the processing of letters of credit under the programme is based in New York, it is suggested to designate New York as the headquarters of the Committee. The Executive Board may decide whether any activities of the Committee should take place away from Headquarters. B. Procedural arrangements 42. In accordance with the institutional framework outlined in paragraphs 18 to 41 above, the Executive Board shall adopt rules for the filing of claims and rules of 07-63929 9 S/2007/725 procedure for proceedings before the Panel of Experts and the Panel of Arbitrators (together, the Committee rules). 43. The procedural rules for proceedings before the Panel of Arbitrators shall consist of the Arbitration Rules of the United Nations Committee on International Trade Law (the UNCITRAL Arbitration Rules), as amended by the Executive Board to the extent necessary. Time limits for the filing and issuance of decisions by the Committee 44. The overall objective of the Committee rules shall be to settle claims within a short period of time. The submission of claims should therefore be made within six months of the constitution of the Committee. The Panel of Experts and the Panel of Arbitrators should issue their determinations and awards, respectively within 18 months of the constitution of the Committee. Filing of claims 45. The Executive Board should produce and publicize a standard form for the filing of claims before the Committee. The form would require, at a minimum, the following information: (a) full identification of the claimant (including name, nationality or state of incorporation, address, and full contact details); (b) the amount of the claim for payment; (c) a summary of the relevant facts; and (d) for juridical persons, a statement certifying that it has taken all necessary actions to authorize the submission of the claim for payment before the Committee. The Executive Board shall provide guidelines regarding the appropriate disclosures to be made by claimants at the time of filing of their claims with regard to insurance payments received in connection with the letter of credit in question so as to avoid double recovery by claimants. 46. The form should be accompanied by all relevant supporting documentation required for payment by the letter of credit. 47. Claims should be sent to a designated registry unit within the Committee secretariat. Upon receipt of a claim for payment, the Committee secretariat shall confirm receipt to the claimant. Exclusivity of the Committee proceedings 48. To avoid as much as possible that parallel proceedings are brought or continued when the Committee has been seized of a claim, claimants shall be required, as a prerequisite to the admissibility of their claim, to submit a statement (a) waiving their right to pursue the same payment claim in any other forum; and (b) containing a commitment to cease and desist from any pending litigation over such claims in other forums. The claim form described above should contain standardized language to that effect. 49. Similarly, the Government of Iraq shall be required, as a prerequisite to submission of a determination by the Panel of Experts for review on the basis of either a "manifest error" or a confirmation of arrival defence, to submit a statement (a) waiving its right to seek recovery in any other forum of any amount paid by the Committee on the basis that the supplier failed to meet the requirements for an authentication document; and (b) containing a commitment to cease and desist from any pending litigation asserting such a right. 10 07-63929 S/2007/725 Processing of claims 50. When the secretariat receives a claim, it will acknowledge receipt and determine whether the claim meets the formal filing requirements established by the Executive Board. Those requirements relate exclusively to questions of completeness of the information provided in the claim form. If the claim does not meet the formal requirements, the secretariat will promptly notify the claimant and invite the claimant to cure the deficiencies. If the claim meets the formal requirements, the secretariat will promptly notify the claimant and forward the file to the Panel of Experts. The secretariat will, at the same time, notify the Government of Iraq and provide it with a copy of the claim and supporting documentation as filed. 51. The Panel of Experts will review the claim and supporting documentation to verify whether all the documentation required by the letter of credit has been provided. In carrying out this task, the Panel of Experts could be given the authority to waive minor discrepancies between the documentation submitted and the requirements of the letters of credit. In consultation with the United Nations Secretariat, the Executive Board may include a provision in the Committee rules defining the kind of discrepancies that the Panel of Experts would be authorized to waive. 52. In this process of verification and evaluation of claims, the Panel of Experts may require the assistance of expert advice with regard to, inter alia, the authenticity of the documentary evidence presented. It is recommended that, subject to the Executive Board's approval, the Panel of Experts be free to draw upon such expert advice, as deemed necessary for the processing of claims. 53. The Panel of Experts shall evaluate all claims by reference to the terms of the letters of credit themselves, as interpreted and applied in accordance with the version of the ICC Uniform Customs and Practice for Documentary Credits provided for in the letter of credit in question. 54. As indicated in paragraph 35 above, the Panel of Experts will issue a determination finding that payment is either due or not due. That determination will be notified to both parties. Each party will have the right to submit such determination for review by the Panel of Arbitrators within a certain period of time on the basis that the determination is based on a "manifest error". In addition, if the Panel of Experts finds that payment is due, the Government of Iraq will have the right to submit such determination for review by the Panel of Arbitrators within a certain period of time on the basis of a confirmation of arrival defence. 55. If neither party submits the determination for review by the Panel of Experts within the prescribed period of time, the determination becomes final and binding. If the Panel of Experts finds that payment is due, payment will be made from the Committee account promptly thereafter. 56. If either party requests review of the determination by the Panel of Experts in a timely manner, the file will be forwarded to the Panel of Arbitrators. The Panel of Arbitrators will consider the merits of a "manifest error" and/or a confirmation of arrival defence request for review in the course of adversarial arbitral proceedings. These proceedings will be conducted in accordance with the UNCITRAL Arbitration Rules, as amended by the Executive Board to the extent necessary. 07-63929 11 S/2007/725 57. Subject to those arbitration rules, the Panel of Arbitrators would have significant discretion as to how best to organize its proceedings for each case. It will most often request the parties to submit briefs and documentary evidence, but, when deemed necessary, could also hold an evidentiary hearing, during which the parties could present oral argument and witness or expert testimony. 58. The Committee rules could contain a provision regarding the burden of proof required in support of each of the parties' assertions before the Panel of Arbitrators. A final award regarding payment will be rendered by the Panel of Arbitrators on the basis of the evidence presented by both parties, but the Panel of Arbitrators should be authorized to issue summary dispositions in cases where it determines that the evidence provided by either party is insufficient to carry its burden of proof. 59. The Panel of Arbitrators shall decide all claims on the basis of respect for law, applying such principles of commercial and international law as it determines to be applicable, taking into account relevant usages of trade, contract provisions and changed circumstances. 60. Determinations by the Panel of Experts for which the time limit for requesting review has expired and awards by the Panel of Arbitrators shall be final and binding and will not be subject to appeal to any other forum or body, including the Security Council. It is recommended that the Security Council provide that such determinations and awards shall not be subject to national court review. 61. Determinations and awards shall be limited to the specified value of the letter of credit and shall not include interest. Payment of claims 62. The Committee rules of procedure should establish the proceedings regarding the payment of claims. Once a determination or award is certified by the Chairman of the Panel of Experts or the Panel of Arbitrators, or alternatively, an appropriate official of the Committee, payment shall be made by the bank holding the Committee account. The appropriate official of the Committee shall notify the relevant section of the United Nations Secretariat of the decision of the relevant Panel. On the basis of such decision, the United Nations Secretariat shall instruct the bank to pay the corresponding amounts. C. Administrative arrangements 63. The Executive Board shall provide a set of administrative guidelines for the Committee secretariat. The purpose of the guidelines will be to provide clear guidance for the Committee secretariat to deal with practical issues, including, among others, the tracking of claims, the development of appropriate technical infrastructure in support of the Committee, the implementation of document management systems for the processing of claims, the implementation of archiving policies and the electronic recording of payments. D. Preliminary timeline for the constitution of the Committee 64. It is recommended that the Committee be constituted and operational by 1 July 2008 unless all outstanding issues are resolved beforehand in the context of the 12 07-63929 S/2007/725 working group referenced in paragraphs 14 and 15 above, and the consultations to be conducted in the first quarter of 2008 between the Government of Iraq and the United Nations Secretariat. I shall keep the Security Council apprised of the progress achieved in the framework of both processes on a regular basis, with a view to determining the necessary steps to be taken for the establishment of the Committee. 65. As of the date of the constitution of the Committee, claimants shall be able to file claims for payment within the time periods fixed by the Security Council resolution establishing the Committee. VII. Indemnity from the Government of Iraq 66. Upon the conclusion of activities of the Committee, the Secretary-General will evaluate the need to maintain any funds as an indemnity in light of any claims of any nature that may arise out of or relating to the operations since the inception of the programme. Unless it is determined that the retention of such funds is required for the exclusive purposes of the indemnity, the Secretary-General would transfer any remaining funds in the United Nations Iraq Account to the Development Fund for Iraq. In the event that I determine that it is necessary to retain funds in respect of the indemnity, I will enter into negotiations with the Government of Iraq at a specified time. VIII. Actions sought of the Security Council 67. The Security Council may wish to take action as follows: (a) Note the status of the United Nations Iraq Account and of the letters of credit as of 30 November 2007; (b) Note the action taken by the Secretary-General to implement the decision of the Council in respect of the 17 letters of credit referred to in paragraph 16 of the letter of the Secretary-General of July 2007; (c) Note the outcome of the meeting held on 20 and 21 November 2007 and the intention of the Secretary-General, absent any objection from the Council, to transfer approximately $161 million of unencumbered funds to the Development Fund for Iraq before 31 December 2007; (d) Approve the procedures and arrangements for the termination of the programme outlined in paragraphs 11 to 16 above; (e) Request the Secretary-General to report, upon the conclusion of the working group and no later than 1 April 2008, on progress achieved in reducing the number of outstanding letters of credit; (f) Note the proposal to address unresolved issues and approve in principle the mechanism as proposed in paragraphs 17 to 65, and request the SecretaryGeneral to report no later than 1 April 2008 on any practical steps undertaken or to be undertaken to proceed with the establishment of the mechanism in light of any issues that remain unresolved after the work of the working group. 07-63929 13 S/2007/725 Meeting between representatives of the Government of Iraq and the United Nations Secretariat regarding the termination of operations of the oil-for-food programme Jordan Valley, Jordan, 20 and 21 November 2007 1. A meeting was held on 20 and 21 November 2007 in the Jordan Valley, Jordan, between representatives of the Government of Iraq and the United Nations Secretariat to discuss arrangements for the termination of the operations of the oilfor-food programme by 31 December 2007 in light of the letter dated 8 November 2007 from the President of the Security Council to the Secretary-General, (S/2007/661), in response to the letter and the note from the Secretary-General to the President of the Security Council, dated 25 July 2007 (S/2007/476). The meeting was held to follow up on the previous meeting of 3 and 4 June 2007 and to prepare for the report to the Security Council called for by 29 November 2007. Status of the programme and development since the meeting held in June 2007 2. The meeting was briefed on the current status of the processing of active letters of credit as of 31 October 2007. It was noted that payments against 11 letters of credit had been processed since the meeting of June 2007. As a result, it was noted that on 31 October 2007 there were 254 active letters of credit, out of which 182 had outstanding claims of delivery. In addition, the Secretariat indicated that there were 35 amendments of letters of credit pending before BNP Paribas pursuant to the letter dated 8 November from the President of the Security Council to the Secretary-General. It was noted that, in the absence of progress in processing letters of credit beyond 31 December 2007, further claims could arise. Letters of credit to be cancelled 3. Iraq provided a list of 34 letters of credit to be cancelled (see below). The Secretariat noted that this list would be compared with its files and appropriate action would be taken to cancel those letters of credit with no claims of delivery. Release of "cash collateral" from the United Nations Iraq Account 4. Iraq expressed its desire for the transfer to the Development Fund for Iraq of the funds originally held as collateral in respect of 47 letters of credit referred to in the letter dated 8 November from the Security Council. It also noted that there will be further cancellations leading to the release of additional funds for transfer to the Fund. The Secretariat agreed to bring these matters to the attention of the Security Council in the next report of the Secretary-General. Next steps pursuant to the resolution of outstanding issues 5. The Secretariat noted the need to continue with the implementation of the necessary processes and controls to administer the United Nations Iraq Account and to terminate the operations of the programme. In order to achieve this objective in a timely manner, the Secretariat proposed the setting up of a working group composed of members of the Secretariat, the Central Bank of Iraq and the relevant ministries of Iraq. The working group would address and resolve issues arising from the 182 letters of credit with outstanding claims of delivery, during a limited period of two weeks in December 2007. Iraq agreed to this proposal and indicated that it 14 07-63929 S/2007/725 would make available representatives of the Central Bank of Iraq and the relevant ministries. 6. It was emphasized that the purpose of such initiative would be to reduce the number of unresolved issues arising from the programme. It was noted that, in the absence of progress with regard to such issues, proposals to resolve outstanding issues would need to be developed and presented in accordance with the letter dated 8 November from the Security Council. Focal point for programme issues 7. In response to the proposal raised in the meeting of June 2007, Iraq informed the Secretariat that the Central Bank of Iraq would be designated as the sole authorized representative of the Government and would provide adequate responses to the current outstanding issues. Proposal to address unresolved issues 8. The meeting was briefed on a current proposal of the Secretariat to address unresolved issues pursuant to the letter dated 8 November from the Security Council. It was noted that the claims resolution mechanism envisaged should deal with outstanding issues in an efficient, fair and independent manner, with a view to bringing claims for payment under the programme to an orderly close. It was emphasized that the scope of the mechanism would be limited to beneficiaries of active letters of credit with outstanding claims of delivery and to certain beneficiaries who have made claims of delivery prior to expiry of letters of credit, not included within the active letters of credit reflected in the letter dated 25 July from the Secretary-General. It was noted that the mechanism could be structured in two stages, with procedural features that would emphasize efficiency, flexibility and cost-effectiveness. It was also indicated that the institutional design of the mechanism should permit payment with regard to claims by suppliers to which Iraq has no objections to be addressed by an administrative process, while at the same time allowing claims that Iraq contests to be resolved by arbitration. 9. The Secretariat indicated that the experts and arbitrators taking part in the mechanism could be nominated, appointed and selected to deal with particular cases according to procedures that emphasize their qualifications to handle the claims arising in the mechanism and seek to ensure their impartiality and independence, as well as adequate consideration for geographical distribution. The Secretariat noted that the appointment of experts and arbitrators would probably not be completed before the end of the first quarter of 2008. 10. It was noted that the objective of the mechanism would be to bring to an orderly and timely closure the claims arising out of the programme. The Secretariat indicated that the mechanism should be subject to time limits for the filing of cases and the issuance of decisions. The Secretariat emphasized that decisions of either stage of the mechanism would be final and binding and would not be subject to appeal to any other forum or body, including the Security Council. Moreover, it was noted that decisions should be limited to the specified value of the letter of credit. 11. Iraq expressed its objection to the proposed mechanism and its belief that all outstanding issues could and should be resolved in the context of the working group composed of members of the Secretariat, the Central Bank of Iraq and the relevant 07-63929 15 S/2007/725 ministries of Iraq before 31 December 2007. Iraq acknowledged, however, that a limited number of issues may remain unresolved beyond that date. With regard to unresolved issues, Iraq proposed to seek in the first quarter of 2008 a negotiated solution, in cooperation with the Secretariat and relevant vendors, as an alternative to the proposed mechanism. The Secretariat noted Iraq's position and emphasized that, depending on the outcome of the review of the working group of outstanding issues, there would probably be an unavoidable need for a dispute resolution mechanism. The Secretariat reiterated that the United Nations has no indemnification from the Government of Iraq on the funds that have been transferred and will be transferred to the Development Fund for Iraq, as indicated in the letter dated 10 July 2006 from the Secretary-General to the President of the Security Council. Letter dated 8 November from the President of the Security Council to the Secretary-General 12. The Secretariat and Iraq agreed that the concerned ministries would notify all relevant vendors of the non-negotiable termination of the programme pursuant to the letter dated 8 November from the Security Council. 13. Given the termination of the programme on 31 December 2007, it was noted that commercial channels would be readily available for those companies previously involved with the programme and wishing to do business with Iraq, as indicated in the letter dated 8 November from the Security Council. 14. The Secretariat noted the decision reflected in the same letter with regard to the renewal, reinstatement or extension of letters of credit requested by the Central Bank of Iraq, and indicated that it would act accordingly. Iraq acknowledged this decision and agreed with the actions to be taken. 15. The Secretariat noted the decision of the Security Council to accept the authentication work completed by Cotecna at the time of handover of its functions to the Government of Iraq associated with 17 letters of credit listed in annex VI to the letter dated 25 July from the Secretary-General. The Secretariat indicated that documentation had been issued to BNP Paribas for early settlement of the 17 letters of credit. Iraq acknowledged the position of the Security Council. 16. The Secretariat noted that in the letter dated 8 November from the Security Council the members of the Council had expressed concern about the chronic problem of the slow provision or non-provision of authentication documents. In addition, the Secretariat indicated that, in connection with allegations regarding improper withholding of authentication documents, the Security Council had invited Iraq to send a reply setting out the views and experiences of the Government of Iraq. 17. Iraq expressed the view that, with the termination of the operations of the programme by 31 December 2007, steps should be taken to transfer to the Development Fund for Iraq all surplus funds in the United Nations Iraq Account at the earliest possible time. The Secretariat noted that this position was fully consistent with the existing provisions of Security Council resolution 1483 (2003) and, accordingly, that the Security Council may wish to reiterate its position when it approves arrangements for the termination of the programme. 18. Iraq and the Secretariat acknowledged that the operations of the programme will be terminated completely by 31 December 2007. 16 07-63929 S/2007/725 List of participants Government of Iraq Dr. Surood Nageb Ambassador, Head of Organization and Multilateral Cooperation Department, Ministry of Foreign Affairs General Director of Investments, Central Bank of Iraq Acting Director General of Investments, Central Bank of Iraq Adviser, Ministry of Foreign Affairs Responsible for Oil-for-Food, Central Bank of Iraq Central Bank of Iraq Assistant Director General, Ministry of Water Resources Assistant Director General, Board of Supreme Audit Mr. Haseeb Kadim Jwaid Mr. Moneer Mohammed Omram Mr. Farouk Salman al-Rashidi Ms. Aalaa Ahmed Mr. Alaa Ouda Dawood Mr. Ayad Sadoon Ubed Mr. Sabah Hassan United Nations Mr. Warren Sach Mr. Teklay Afeworki Mr. Moses Bamuwamye Ms. Blanca Montejo Assistant Secretary-General, Controller Senior Finance Officer Financial Management Officer Legal Officer 07-63929 17 S/2007/725 18 Seq Communication No. Letter of credit No. List of letters of credit for which the Central Bank of Iraq requested cancellation Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 631150 631160 700232 730218 731059 801150 801381 802974 830307 830799 830896 930603 1000467 1002009 1030022 1030086 1100265 * ** Z751564 * # U726110 * ** M728133 ** M728717 ** M738082 ** M728505 ** C732826 ** M751563 # L733650 **# T735279 T738894 # T733965 # T733143 # V734557 21/06/2001 10/07/2001 19/11/2002 10/07/2001 07/02/2002 01/12/2003 18/01/2006 11/09/2002 07/01/2003 25/03/2002 28/01/2002 22/04/2002 31/12/2005 29/04/2004 18/06/2006 19/06/2006 18/06/2006 27/04/2004 19/06/2006 19/09/2004 18/06/2006 19/06/2006 31/05/2005 31/12/2004 USD EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 12 583.88 5 116.79 6 867.96 10 528.00 71 500.00 10 886.72 9 772.73 641.96 3 055.00 10 000.00 12 583.88 Electricity 7 372.90 Health 9 896.20 Agriculture 15 170.03 Oil Spares 103 025.94 Oil Spares 15 686.92 Oil Spares 14 081.74 Oil Spares 925.01 Special Allocation 4 402.02 Water & Sanitation 14 409.22 Oil Spares Italy Sweden Switzerland Russian Federation China UAE Syria The United Kingdom Jordan Jordan Russian Federation Turkey INGRA ITALIA SRL, SAN VITO AL TAGLIAMENTO MIDDLE EAST -- SKAN CONSULTING AND TRADING Echex Establishment, Geneva JOINT STOCK COMPANY GAZENERGOSERVIS, MOSCOW China National Air Separation Plant Corporation, Hangzhou Target Trading (LLC), Dubai Mediterranean International Inc., Damascus Controls Testing Equipment Ltd., Hertfordshire NASSER EST. FOR METAL CONTAINERS MANUFACTURING CASTLE ROSNEFTEGAZ EXPORT ENDVLUS FOOD, CHEMICAL MATERIAL IMPORT AND EXPORT TRADE CO. LTD. Trans Middle East International Distribution Company Ltd., Amman B. Braun Melsungen AG, Melsungen ARTISTIC SUPPORT SDN. BHD., KUALA LUMPUR 28/02/2001 19/06/2006 USD 424 152.00 424 152.00 Oil Spares Syria MEDITERRANEAN INT'L INC., DAMASCUS 03/12/2003 19/06/2006 EUR 804.00 1 158.50 Oil Spares India Batliboi International Ltd., Mumbai 30 545 141.00 44 013 171.47 Oil Spares 6 527.93 9 406.24 Education 18 19 20 07-63929 1101025 1101704 1101881 *** V737519 ## V739551 ** V751733 11/10/2002 21/03/2003 08/01/2004 31/12/2007 19/06/2006 16/06/2006 EUR EUR EUR 26 428.73 1 343.10 660 533.20 38 081.74 Education 1 935.30 Health 951 776.95 Food Handling Jordan Germany Malaysia 07-63929 Seq List of letters of credit for which the Central Bank of Iraq requested cancellation Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 21 22 23 24 25 26 27 28 29 30 31 32 33 34 1102004 1200288 1201433 1230061 1230172 1230276 1230417 1230457 1230554 1230556 1230558 1230615 1300068 1300129 ** V738921 ** P750602 ** P751682 ** P738957 # P751655 ** P751455 ** P751267 ** P739174 ** P750081 ** P751484 ** P750349 ** P750175 * ** B750354 10/01/2003 20/03/2003 23/12/2003 22/01/2003 03/05/2005 17/11/2003 07/11/2003 30/01/2003 03/03/2003 24/11/2003 12/03/2003 03/03/2003 10/05/2007 30/04/2004 19/08/2004 19/06/2006 18/06/2006 30/08/2006 20/10/2004 18/06/2006 19/06/2006 19/06/2006 19/06/2006 31/12/2007 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 1 680.00 12 521.25 11 635.25 10 990.08 5 001.80 3 775.14 58 087.41 3 461.08 26 740.56 3 000.00 4 812.10 8 359.20 2 420.75 Electricity 18 042.15 Health 16 765.49 Agriculture 15 835.85 Oil Spares 7 207.20 Oil Spares 5 439.68 Oil Spares 83 699.44 Oil Spares 4 987.15 Oil Spares 38 531.07 Oil Spares 4 322.77 Oil Spares 6 933.86 Oil Spares 12 044.96 Oil Spares India Saudi Arabia Egypt Turkey Syria Russian Federation Lebanon Lebanon Norway France Russian Federation UAE KALPATARU POWER TRANSMISSION LIMITED Pharmaceutical Solutions Industry, Jeddah MCV Manufacturing Commercial Vehicles, Cairo Ciltug Isi Sanayi Ve Ticaret A.S., Gaziantep MEDITERRANEAN INTERNATIONAL INC., Damascus JSC HYDROMASHSERVICE, MOSCOW Electro Distribution Schreder SARL, Chouefat GTI/Global Trade and Investment S.A.L., Beirut Hitec AS, Stavanger Vinci Technologies, Nanterre OOO "M-Bonus", Moscow Al Masaood Oil Industry Supplies and Services Co., Abu Dhabi 11/03/2003 19/06/2006 EUR 766 827.33 1 104 938.52 Water & Sanitation 46 958 404.93 Turkey Akin Plastic Insaat San Tic Ltd., Istanbul Total 34 letters of credit * Do not appear on the liability report of 31 October 2007. ** Partial payment/additional authentication document not received. *** Documents discrepant/authentication document discrepant. # The cash collateral was released by BNP Paribas on 16/11/2007 per the request of the United Nations in October 2007. ## The cash collateral is pending release by BNP Paribas per the request of the United Nations in October 2007. S/2007/725 19 S/2007/725 Annexes I. II. III. IV. Status of letters of credit as of 30 November 2007 List of letters of credit for which there are claims of delivery by the vendor List of cancelled letters of credit between 1 July 2007 and 30 November 2007 List of partially or fully paid letters of credit between 1 July 2007 and 30 November 2007 20 07-63929 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 600882 601441 630860 700824 702423 730971 731018 731024 800783 800784 801381 802679 802945 802969 900032 901306 901341 1000288 Z718687 Z719977 Z731736 U724641 U726920 * U737440 U737630 U737646 C727202 C727209 M728717 * C731210 C736601 M737883 L728872 L731155 L737106 T731067 04/04/2000 07/06/2000 04/12/2001 07/12/2000 11/05/2001 03/10/2002 11/10/2002 16/10/2002 14/05/2001 17/05/2001 10/07/2001 18/04/2002 11/09/2002 05/11/2002 11/07/2001 19/11/2001 29/01/2004 23/10/2001 30/06/2004 30/06/2004 21/06/2004 30/06/2004 26/11/2004 27/10/2004 09/02/2004 03/08/2004 17/09/2004 23/06/2004 29/04/2004 20/10/2004 14/06/2004 20/09/2004 13/09/2004 24/08/2004 27/04/2004 10/10/2004 USD USD USD USD EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 1 444 181.82 1 411 090.91 30 336.02 339 592.71 2 297 363.19 486 785.80 208 840.91 1 743 368.80 2 110 290.91 466 665.58 5 116.79 677 862.59 111 556.60 16 211.59 4 593 980.37 991 373.45 180 128.00 100 000.00 1 444 181.82 Education 1 411 090.91 Education 30 336.02 Oil Spares 339 592.71 Electricity 3 388 441.28 Agriculture 717 973.16 Oil Spares 308 024.94 Oil Spares 2 571 340.41 Oil Spares 3 112 523.47 Agriculture 688 297.32 Agriculture 7 546.89 Health 999 797.33 Agriculture 164 537.76 Housing 23 910.90 Housing 6 775 782.26 Housing 1 462 202.73 Agriculture 265 675.52 Food Handling 147 492.63 Food Handling Turkey Turkey Russian Federation India Morocco Jordan Lebanon Jordan France France Sweden France Indonesia Syria Jordan Egypt India Tunisia PMC MUMESSILLIK VE DIS TICARET LTD., ISTANBUL PMC MUMESSILLIK VE DIS TICARET LTD., ISTANBUL Solid Trade, Moscow BHARAT HEAVY ELECTRICALS LTD., INT'L DIV., NEW DELHI Agri-Nad S.A., Casablanca Phoenix International, Amman Mayss S.A.L. (Off Shore), Beirut Phoenix International -- Jordan, Amman AGROMED S.A. BOULOGNE AGROMED S.A. BOULOGNE MIDDLE EAST -- SKAN CONSULTING AND TRADING Dresser International Group, Paris Indomas Co., Jakarta Modern Technology Trading Co., Damascus WATANEYAH GENERAL SUPPLIES CO. HELWAN DIESEL ENGINE CO., CAIRO United Phosphorus Limited, Mumbai SOCIETE TUNISIENNE D'INDUSTRIE AUTOMOBILE, TUNIS Controls Testing Equipment Ltd., Hertfordshire S/2007/725 19 1000467 T735279 11/09/2002 19/09/2004 EUR 641.96 946.84 Special Allocation The United Kingdom 21 S/2007/725 22 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 20 21 22 23 24 25 26 27 28 29 1000623 1000840 1001275 1001636 1001817 1100020 1100075 1100149 1100304 1100408 T732881 T734819 T739181 T736742 T738729 V735808 V734155 V734536 V736362 V736165 15/02/2002 06/06/2002 31/01/2003 28/11/2003 30/12/2002 05/07/2002 03/04/2002 13/05/2002 02/08/2002 19/07/2002 23/02/2004 30/04/2004 30/09/2004 02/08/2004 20/06/2004 26/10/2004 02/06/2004 26/07/2004 04/10/2004 26/09/2004 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 533 590.91 72 201.82 83 661.67 174 181.85 166 636.36 3 108 156.16 28 972.90 41 188.90 889 380.80 35 320.46 787 007.24 Food Handling 106 492.36 Water & Sanitation 123 394.79 Food Handling 256 905.38 Food Handling 245 776.34 Education 4 584 301.12 Housing 42 732.89 Communication/ Transportation 60 750.59 Housing 1 311 771.09 Agriculture 52 095.07 Housing Sweden Syria Tunisia Lebanon Syria Syria Jordan Turkey Spain Viet Nam R. Window, Amman Wiam Tex Co., Haleb Free Zone Batimex Import & Export Co., Tunis The Sugar Factory of Lebanon (Off Shore) S.A.L., Beirut Al Thana Scientific Center for Laboratories Equipments, Aleppo Altoun Trading, Damascus Atlas Industrial, Amman Bys Dis Ticaret A.S., Antakya Dominion Spain, Madrid Vietnam National Sundries Imp and Exp Corporation (TOCONTAP), Hanoi ALTAI LIMITED COMPANY, ALTAI TERRITORY PHOENIX INVESTMENT INTERNATIONAL Olive Tree Food Processing Co. Ltd., Amman Pharmaceutical Solutions Industry, Jeddah BELHASA MOTORS CO. LLC., DUBAI VIETNAM NORTHERN FOOD CORPORATION, Hanoi MCV Manufacturing Commercial Vehicles, Cairo 30 31 32 33 34 35 36 07-63929 1101106 1101995 1200278 1200288 1200538 1200994 1201433 V751800 * V738920 P738491 P750602 P751207 P751686 P751682 03/03/2004 10/01/2003 18/12/2002 20/03/2003 17/10/2003 24/12/2003 23/12/2003 30/09/2004 30/06/2004 31/12/2004 30/04/2004 22/08/2004 30/11/2004 19/08/2004 EUR EUR EUR EUR JPY EUR EUR 1 187 403.53 1 493 905.86 255 095.74 12 521.25 5 362 477.00 1 237 893.02 11 635.25 1 751 332.64 Agriculture 2 203 400.97 Electricity 376 247.40 Food 18 467.92 Health 49 197.04 Agriculture 1 825 800.91 Food Handling 17 161.14 Agriculture Russian Federation Jordan Jordan Saudi Arabia UAE Viet Nam Egypt 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 37 38 39 1230165 1230417 1300211 P750440 P751267 B751748 04/03/2003 07/11/2003 05/01/2004 31/07/2004 20/10/2004 24/08/2004 EUR EUR EUR 72 973.00 58 087.41 342 717.59 107 629.79 Oil Spares 85 674.65 Oil Spares 505 483.17 Agriculture Lebanon Lebanon Tunisia Orient Marketing and Trading Co. S.A.L., Beirut Electro Distribution Schreder SARL, Chouefat SOCIETE MAGHREBINE DE FABRICATION DE MOTEURS THERMIQUES (SAKMO), TUNIS Societe D'Equipment De Transport Et De Carrosserie, Ezzahra Laceramic, Tunis VALEO OTOMOTIV SIS. ENDOSTRISI A.S., Bursey Holding Co. for Food Industries, Cairo 40 41 42 43 1300213 1300215 1300396 1300594 B750302 B750425 B751597 B751625 10/03/2003 06/03/2003 15/12/2003 11/12/2003 13/12/2004 27/09/2004 20/09/2004 31/10/2004 EUR EUR EUR EUR 726 930.60 270 759.10 86 751.00 2 583 244.88 1 072 169.03 Food Handling 399 349.71 Housing 127 951.33 Agriculture 3 810 095.69 Food Tunisia Tunisia Turkey Egypt Subtotal of letters of credit expired in 2004 1 2 3 4 5 6 7 8 00278 801150 901392 901987 1001885 1100129 1101473 1201398 K712779 M728133 L751798 L734729 T751084 V736053 V736780 P750262 02/02/1999 21/06/2001 09/02/2004 31/05/2002 22/09/2003 16/07/2002 27/11/2002 05/03/2003 28/02/2005 31/12/2005 11/04/2005 30/01/2005 21/09/2005 17/01/2005 15/02/2005 28/02/2005 43 letters of credit USD USD EUR EUR EUR EUR JPY EUR 511 809.06 12 583.88 11 537.70 600 000.00 1 213 225.00 163 077.11 64 637 770.00 53 960.05 43 780 883.16 511 809.06 Oil Spares 12 583.88 Electricity 17 017.26 Water & Sanitation 884 955.75 Water & Sanitation 1 789 417.40 Special Allocation 240 526.71 Housing 593 007.06 Agriculture 79 587.09 Food Handling Malaysia Italy Egypt Russian Federation Jordan Lebanon Syria Syria FLUID PROCESSING SDN BHD INGRA ITALIA SRL, SAN VITO AL TAGLIAMENTO Manufacturing Commercial Vehicles, Cairo RUSSIAN ENGINEERING COMPANY INTERNATIONAL TRADE & INVESTMENT (ITI), AMMAN Akawai/Bachir Mohamed Al-Akawai, Tripoli SES International Corp., Damascus Building Up and Commerce Establishment Contracting Consulting Engineering and Design Import Export Trade, Damascus S/2007/725 23 S/2007/725 24 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 9 10 1201429 1230009 P750492 P751781 06/03/2003 13/01/2004 31/01/2005 28/02/2005 EUR GBP 42 637.00 1 010 000.00 62 886.43 Communication/ Transportation 2 082 474.23 Oil Spares Russian Federation France Hydromash Service, Moscow DEMAG DELAVAL INDUSTRIAL TURBOMACHINERY LTD., LINCOLN Universal Modern Industries Co. for Edible Oil, Amman 11 1300553 B751627 11/12/2003 15/01/2005 EUR 67 489.48 99 542.01 Food Jordan Subtotal of letters of credit expired in 2005 1 2 3 4 5 6 7 8 9 10 11 12 07-63929 11 letters of credit 19/06/2006 19/06/2006 19/06/2006 11/08/2006 18/06/2006 19/06/2006 19/06/2006 19/06/2006 19/06/2006 18/06/2006 18/06/2006 19/06/2006 19/06/2006 USD USD EUR USD USD USD EUR EUR EUR USD EUR EUR EUR 427 428.62 796 254.00 1 462 472.36 196 400.00 1 552 678.00 275 125.00 275 684.08 641 945.52 3 098 068.18 4 024 814.04 785 149.35 666 281.71 1 649 038.64 6 373 806.89 427 428.62 Communication/ Transportation 796 254.00 Agriculture 2 157 038.88 Housing 196 400.00 Oil Spares 1 552 678.00 Electricity 275 125.00 Water & Sanitation 406 613.69 Water & Sanitation 946 822.30 Oil Spares 4 569 422.09 Oil Spares 4 024 814.04 Agriculture 1 158 037.39 Housing 982 716.39 Health 2 432 210.38 Housing China Syria Turkey Jordan Bulgaria Turkey Lebanon China Russian Federation Bulgaria Indonesia Austria Pakistan CMEC INTERNATIONAL ENGINEERING CO. LTD., BEIJING TIBA COMPANY, DAMASCUS BYS DIS TICARET A.S., ANTAKYA International Electronic Engineering, Amman ELECTROIMPEX PLC, SOFIA Rona Mallon Enternasyonal Muteahhitlik Sti., Ankara EBD LEBANON S.A.R.L., Beirut Zhongyuan Petroleum Exploration Bureau, Puyang City Henan Province Joint Stock Company Stroytransgas, Moscow Sila -- Yambol JSC Company, Yambol PT ANGKASA EKAMULYA, JAKARTA EVAPCO INTERNATIONAL CERAMICS LTD., LAHORE 601309 601909 601979 630631 700663 700712 702674 730897 731032 800329 801103 801130 801344 Z730434 Z727261 Z726060 Z737711 U724186 U732313 U751752 U736577 U737779 C729396 C725591 M728881 C726197 20/09/2001 07/05/2001 28/02/2001 29/08/2005 25/01/2001 06/12/2001 06/01/2004 16/10/2002 23/12/2002 19/09/2001 05/02/2001 06/07/2001 08/03/2001 13 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 14 15 16 17 18 19 20 21 22 23 24 25 26 801598 801639 802524 802719 802954 802968 802974 830307 830558 830694 830799 900034 900045 C726086 M751744 C732902 C750829 C738447 C737867 M738082 M728505 M734207 M737946 C732826 L727655 * L726681 04/04/2001 07/01/2004 29/08/2005 21/05/2003 03/01/2003 30/10/2002 19/11/2002 10/07/2001 22/05/2002 18/11/2002 07/02/2002 05/06/2001 04/05/2001 31/05/2006 18/06/2006 10/04/2006 19/06/2006 19/06/2006 18/06/2006 18/06/2006 19/06/2006 19/06/2006 19/06/2006 18/06/2006 19/06/2006 14/04/2006 EUR EUR EUR EUR EUR EUR EUR EUR GBP JPY EUR EUR EUR 2 993 953.00 196 000.00 34 099.78 2 096 152.00 1 118 421.35 242 272.25 6 867.96 10 528.00 39 659.09 159 664 718.00 71 500.00 2 636 854.59 1 187 390.40 4 415 859.88 Food Handling 289 085.55 Agriculture 50 294.66 Communication/ Transportation 3 091 669.62 Water & Sanitation 1 649 589.01 Housing 357 333.70 Housing 10 129.73 Agriculture 15 528.02 Oil Spares 81 771.32 Oil Spares 1 464 813.93 Oil Spares 105 457.23 Oil Spares 3 889 166.06 Housing 1 751 313.27 Food Egypt France Jordan Lebanon Tunisia Viet Nam Switzerland Russian Federation Jordan Jordan China Pakistan Egypt ENGINEERING AUTOMOTIVE MFG CO., CAIRO COMESSA, STRASBOURG INTERNATIONAL ENGINEERING GROUP Sakr Power Systems S.A.L., Halat Star International Trading, Ezzahra FORMACH FORESTRY MACHINERY COMPANY, HANOI Echex Establishment, Geneva JOINT STOCK COMPANY GAZENERGOSERVIS, MOSCOW Ramallah Engineering and Chemical Est., Amman Firnass Ltd., Amman China National Air Separation Plant Corporation, Hangzhou INTERNATIONAL CERAMICS LTD., LAHORE EL-HOSAN FOR IMPORT AND EXPORT FILLING AND PACKING FOODSTUFF, CAIRO Russian Engineering Company, Moscow Avtostorg Company, Moscow Eastern Global Triumph SDN BHD., Kuala Lumpur 27 28 29 30 900655 901366 901788 902034 L737547 L731772 L731638 L735561 08/10/2002 05/12/2005 21/05/2002 19/07/2002 18/06/2006 18/06/2006 18/06/2006 18/06/2006 EUR EUR EUR EUR 25 973 214.29 98 276.45 48 763.71 135 229.92 38 308 575.65 Education 144 950.52 Communication/ Transportation 71 922.88 Housing 199 454.16 Food Handling Russian Federation Russian Federation Malaysia Russian Federation S/2007/725 Traktoro Export Ltd., Moscow 25 S/2007/725 26 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 31 32 33 902090 930074 1000226 L738698 L730874 T731031 16/01/2003 18/01/2006 11/10/2001 19/06/2006 19/06/2006 18/06/2006 USD EUR JPY 479 200.00 609 085.82 190 456 656.00 479 200.00 Water & Sanitation 898 356.67 Oil Spares 1 747 308.77 Food Handling Turkey India Egypt Rona-Mallon Enternasyonal Muteahhitlik Ltd., Ankara JORD ENGINEERS INDIA LTD., BARODA GHABBOUR EGYPT EGYPTIAN VEHICLES MANUFACTURING COMPANY CO. S.A.E., CAIRO Anwar Akkad Son's Co. Trade and Industry, Damascus United Arab Trading Co., Tunis Bisca A/S (Kelsen Bisca A/S), Snede HINDUSTAN DORR-OLIVER LTD., MUMBAI AL-NAJI TRADING EST & CONTRACTING COMPANY NATIONAL TOURISTIC CONSTRUCTIONS (N.T.C.), HELIOPOLIS, CAIRO NASSER EST. FOR METAL CONTAINERS MANUFACTURING STEEL FABRICATION CO., AMMAN STEEL FABRICATION CO., AMMAN Antorg Vostok, Moscow Vozrozhdenie/Russia, St. Petersburg RUSSIAN ENGINEERING COMPANY, MOSCOW Bukkehave Ltd., Svendborg 34 35 36 37 38 39 1000299 1000446 1000752 1001204 1001474 1001517 T732141 ** T734532 T739588 T751571 * T751716 T751770 05/12/2001 30/04/2002 13/02/2003 05/12/2003 07/01/2004 15/01/2004 19/06/2006 17/03/2006 19/06/2006 19/05/2006 30/06/2006 19/06/2006 EUR EUR EUR EUR EUR EUR 47 323.26 879 476.79 4 411 941.98 6 983 389.00 11 252 880.66 12 236 000.00 69 798.32 Housing 1 297 163.41 Housing 6 507 289.06 Health 10 299 983.78 Water & Sanitation 16 597 169.12 Special Allocation 18 047 197.64 Special Allocation 4 505.90 Water & Sanitation 7 100 818.42 Agriculture 1 194 377.80 Agriculture 290 894.87 Oil Spares 5 364 768.69 Oil Spares 527 034.59 Oil Spares 62 085.06 Oil Spares Syria Tunisia Denmark India Syria Egypt 40 41 42 43 44 45 46 1002009 1002233 1002236 1030296 1030349 1030441 1030451 T738894 T751386 T751710 T734029 T735766 T751294 T735631 07/01/2003 05/12/2003 06/01/2004 22/05/2002 05/12/2002 05/11/2003 25/06/2002 18/06/2006 18/06/2006 18/06/2006 18/06/2006 18/06/2006 18/06/2006 19/06/2006 EUR EUR EUR EUR EUR EUR EUR 3 055.00 4 814 354.89 809 788.15 197 226.72 3 637 313.17 357 329.45 42 093.67 Jordan Jordan Jordan Russian Federation Russian Federation Russian Federation Denmark 07-63929 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 47 48 49 50 51 52 53 1030526 1030622 1030728 1100016 1100087 1100089 1100100 T751291 T751572 T735299 V733855 V735834 V736731 * V734670 12/11/2003 03/12/2003 14/06/2002 30/04/2002 05/07/2002 09/09/2002 30/04/2002 18/06/2006 14/04/2006 19/06/2006 17/02/2006 19/06/2006 11/08/2006 02/03/2006 EUR EUR EUR EUR EUR EUR EUR 671 060.00 67 831.01 18 572 121.66 78 016.37 1 293 661.51 1 804 776.40 7 505 485.65 989 764.01 Oil Spares 100 045.74 Oil Spares 27 392 509.82 Oil Spares 115 068.39 Housing 1 908 055.32 Housing 2 661 912.09 Housing 11 070 037.83 Food Russian Federation Denmark Russian Federation Viet Nam Syria Syria Egypt RUSSIAN ENGINEERING COMPANY, MOSCOW BUKKEHAVE LTD., SVENDBORG State Enterprise Russian Foreign Economic Association, Moscow FORMACH FORESTRY MACHINERY COMPANY, HANOI MAS Economic Group, Damascus SES International Corp. SES Group of International Companies, Damascus United Arab Company for International Trading, Golf Land Cairo Pacific Inter-Link SDN BHD, Kuala Lumpur HYDROMACHSERVICE, MOSCOW Russian Engineering Company, Moscow NUTIRS CO. SA Falcon for Import and Trade Co., Cairo W. Talib Establishment General Trading, Damascus Anwar Akkad Sons Co. for Trade & Industry, Damascus ATLAS CHEMICALS, AMMAN ARTISTIC SUPPORT SDN. BHD., KUALA LUMPUR 54 55 56 57 58 59 60 61 62 63 1100139 1100171 1100301 1100539 1100926 1101138 1101147 1101233 1101881 1200057 V734535 V751200 V737613 V737691 V736033 V735694 V735680 V751706 V751733 P736624 13/05/2002 30/10/2003 15/10/2002 22/10/2002 03/11/2003 08/07/2002 02/07/2002 07/01/2004 08/01/2004 22/08/2002 19/06/2006 18/06/2006 19/06/2006 19/06/2006 18/06/2006 19/06/2006 18/06/2006 19/06/2006 16/06/2006 19/06/2006 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 1 161 636.43 55 651.20 130 666.36 335 678.20 3 498 057.34 3 172 000.00 512 299.96 152 678.52 660 533.20 2 306 340.91 1 713 328.07 Housing 82 081.42 Agriculture 192 723.24 Water & Sanitation 495 100.59 Health 5 159 376.61 Agriculture 4 678 466.08 Communication/ Transportation 755 604.66 Food Handling 225 189.56 Food Handling 974 237.76 Food Handling 3 401 682.76 Communication/ Transportation Malaysia Russian Federation Russian Federation France Egypt Syria Syria Jordan Malaysia Russian Federation S/2007/725 Avto Export, Moscow 27 S/2007/725 28 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 64 65 1200070 1200291 P750366 P737772 26/03/2003 18/11/2002 24/07/2006 18/06/2006 EUR EUR 1 789 750.00 244 563.23 2 639 749.26 Health 360 712.73 Food Handling Jordan Malaysia Muna Al Zaben Drug Store Amman Perusahaan Otomobil Nasional Berhad Co., Shah Alam Selangor Darul Ehsan Mather and Platt Pumps Ltd., Mumbai Akin Plastic Insaat San. Tic. Ltd. Sti., Istanbul Huiles Et Derives S.A.L., Jounieh AL-HAYTHAM TRADING CO., Delip MUBASHER INTERNATIONAL GROUP, AMMAN Barmek Insaat Ve Tesisat A.S., Beysukent Ankara Collage Impex, New Delhi Safire Ltd., Moscow Safire Ltd., Moscow Safire Ltd., Moscow Hydromash Service, Moscow Ciltug Isi Sanayi Ve Ticaret A.S., Gaziantep Axsia Fluid Processing (L) BHD, Labuan NICCO CORPORATION LIMITED (PROJECT DIVISION), KOLKATTA 66 67 68 69 70 71 72 73 74 75 76 77 78 79 07-63929 1200370 1200401 1200447 1200564 1200623 1200840 1200933 1201412 1201414 1201424 1201430 1230061 1230094 1230127 P738022 P750513 P750982 P750157 P751734 P738507 P739022 P751161 P750944 P750468 P739433 P738957 P739017 P751526 22/11/2002 06/03/2003 30/05/2003 13/11/2003 07/01/2004 17/12/2002 03/11/2003 02/10/2003 10/04/2003 06/03/2003 06/02/2003 22/01/2003 13/01/2003 01/12/2003 19/06/2006 19/06/2006 18/06/2006 18/06/2006 19/06/2006 19/06/2006 18/06/2006 18/06/2006 18/06/2006 19/06/2006 19/06/2006 19/06/2006 19/06/2006 19/06/2006 EUR EUR EUR EUR EUR USD EUR EUR EUR EUR EUR EUR GBP EUR 232 727.00 242 603.02 619 545.54 1 338 352.09 4 597 990.91 1 107 792.00 2 621 112.61 2 500 342.17 2 614 698.05 97 342.26 150 598.19 10 990.08 50 725.36 335 711.56 343 255.16 Water & Sanitation 357 821.56 Water & Sanitation 913 783.98 Agriculture 1 973 970.63 Agriculture 6 781 697.51 Food 1 107 792.00 Electricity 3 865 947.80 Agriculture 3 687 820.31 Agriculture 3 856 486.80 Agriculture 143 572.65 Communication/ Transportation 222 121.22 Communication/ Transportation 16 209.56 Oil Spares 104 588.37 Oil Spares 495 149.79 Oil Spares India Turkey Lebanon Syria Jordan Turkey India Russian Federation Russian Federation Russian Federation Russian Federation Turkey Malaysia India 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 80 81 82 83 84 85 86 87 88 89 90 91 92 93 1230159 1230176 1230255 1230276 1230347 1230448 1230495 1230554 1230556 1230558 1230588 1300126 1300129 1300131 P738616 P751169 P738650 P751455 P738858 * P739150 P750674 P750081 P751484 P750349 P750096 B750927 B750354 B750306 23/12/2002 14/10/2003 23/12/2002 17/11/2003 18/01/2006 31/01/2003 18/01/2006 03/03/2003 24/11/2003 12/03/2003 04/03/2003 09/04/2003 11/03/2003 14/03/2003 19/06/2006 19/06/2006 18/06/2006 30/08/2006 19/06/2006 18/06/2006 19/06/2006 19/06/2006 19/06/2006 19/06/2006 30/08/2006 18/06/2006 19/06/2006 19/06/2006 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR JPY EUR EUR 32 026.45 1 538 601.00 279 192.22 3 775.14 60 571.37 1 225 880.00 182 593.00 26 740.56 3 000.00 4 812.10 188 181.00 20 200 488.00 766 827.33 10 234 120.00 47 236.65 Oil Spares 2 269 323.01 Oil Spares 411 787.94 Oil Spares 5 568.05 Oil Spares 89 338.30 Oil Spares 1 808 082.60 Oil Spares 269 311.21 Oil Spares 39 440.35 Oil Spares 4 424.78 Oil Spares 7 097.49 Oil Spares 277 553.10 Oil Spares 185 325.58 Agriculture 1 131 013.76 Water & Sanitation 15 094 572.27 Water & Sanitation 256 736 366.44 110 069.00 Communication/ Transportation 5 701 045.67 Agriculture Russian Federation Jordan Jordan Russian Federation Jordan Lebanon Germany Norway France Russian Federation Russian Federation UAE Turkey Turkey Avantaginvest, Moscow LITINTERN Joint Stock Company, Amman Al Karmel for Modern Agricultural Techniques, Amman JSC HYDROMASHSERVICE, MOSCOW Better Business Bureau International, Amman GTI Global Trade & Investment S.A.L., Beirut SSS. Korrosionsschutztechnik, Essen Hitec AS, Stavanger Vinci Technologies, Nanterre OOO "M-Bonus", Moscow Aska International, Moscow Al Rowa'a General Trading Co. L.L.C., Dubai Akin Plastic Insaat San Tic Ltd., Istanbul Semir Ins. Elektro Pet. Urn. Nak. Ith. Ihr. San. Tic. Ltd., Sirnak Subtotal of letters of credit expired in 2006 1 2 600833 601333 Z729302 Z718896 05/03/2002 02/08/2000 31/12/2007 31/12/2007 93 letters of credit USD USD 110 069.00 5 701 045.67 China Belarus China National Technical Import and Export Corporation, Beijing S/2007/725 BELMETALENERGO INC., MINSK 29 S/2007/725 30 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 3 4 5 6 601654 601701 601799 601808 Z725037 Z722153 Z719838 Z725517 05/01/2001 05/09/2000 25/05/2000 26/03/2001 31/12/2007 31/12/2007 31/12/2007 31/12/2007 USD EUR USD USD 19 918 584.19 230 515.00 13 606 066.24 1 210 560.00 19 918 584.19 Electricity 339 992.63 Electricity 13 606 066.24 Agriculture 1 210 560.00 Electricity Russian Federation France France Italy TECHNOPROM EXPORT, MOSCOW SIEMENS SAS, SAINT DENIS FRANCO PETROCHIMIQUE, CERGY APPLITECA APPLICAZIONI TECH. PROD. & MANUTENT., BUSTO ARSIZIO APPARECCHIATURE GRIOGENICHE MANDRESSI SRL, CORNAREDO OIL AND GAS SERVICES GROUP LTD., SHARJAH OIL AND GAS SERVICES GROUP LTD., SHARJAH OIL AND GAS SERVICES GROUP LTD., SHARJAH OIL AND GAS SERVICES GROUP LTD., SHARJAH STEEL FABRICATION CO., AMMAN Anwar Akkad Sons Co., Damascus Neptun Co. Ltd., Moscow ELEKTA INSTRUMENT AB, STOCKHOLM Diesel Energia e Sistemi S.R.L., Ricc di Fornovo (Parma) EAST POWER IMPORT AND EXPORT TRADING CO. LTD., DANDONG 7 630745 Z720101 19/01/2006 31/12/2007 USD 171 052.73 171 052.73 Oil Spares Italy 8 9 10 11 12 13 14 15 16 17 631025 631026 631028 631031 631048 631099 631157 701121 702153 702154 Z734374 Z751762 Z751761 Z751763 Z728693 Z737736 Z751164 U723215 U735282 U725738 11/04/2002 10/01/2006 15/01/2004 08/01/2004 20/07/2001 30/10/2002 02/11/2005 13/10/2000 11/06/2002 05/02/2001 31/03/2007 31/03/2007 31/12/2007 31/12/2007 31/12/2007 30/09/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 USD USD USD USD USD EUR EUR USD USD USD 57 166.36 682 727.27 672 727.00 2 174 545.00 420 000.00 126 945.21 2 482 000.00 175 000.00 8 505 000.00 474 818.36 57 166.36 Oil Spares 682 727.27 Oil Spares 672 727.00 Oil Spares 2 174 545.00 Oil Spares 420 000.00 Oil Spares 187 234.82 Oil Spares 3 660 766.96 Oil Spares 175 000.00 Health 8 505 000.00 Education 474 818.36 Agriculture Pakistan Pakistan Pakistan Pakistan Jordan Syria Russian Federation Sweden Italy China 07-63929 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 18 19 20 702374 702787 730770 U760000 U732869 U731683 14/12/2005 09/01/2002 05/11/2001 31/12/2007 31/12/2007 31/12/2007 USD EUR USD 22 291 476.00 1 438 783.16 19 614 089.82 22 291 476.00 Electricity 2 122 099.06 Housing 19 614 089.82 Oil Spares Russian Federation Syria Tunisia OJSC-POWER MACHINES Anwar Akkad Sons Company, Damascus PETROLEUM & INDUSTRIAL REALIZATION CONTRACTORS, TUNIS ANWAR AKKAD SON'S CO. TRAD. & IND., DAMASCUS TRANSUMED LLC, MOSCOW Technopromexport, Moscow East Power Import and Export Trading Co. LTD, Dandong Sakr Power Systems S.A.L. HANGZHOU METALS MATERIALS MACHINERY AND CHEMICALS I/E CORP., HANGZHOU AVRASYA TECHNOLOGY ENGINEERING AND CONSTRUCTION INC., ISTANBUL GAZENERGOSERVIS, MOSCOW Saab Tank Control, Manama Schorch Elektrische Maschinen Und Antriebe GMBH, Moenchengladbach SOCIETE INTERNATIONALE DE MENUISERIE, TUNIS M/S IES Interenergoservis, Moscow 21 22 23 24 25 26 800975 801061 801479 801777 802571 802673 C725998 C727374 C733847 M728103 M750987 C729573 08/03/2001 06/06/2001 13/03/2002 21/06/2001 02/06/2003 01/08/2001 31/12/2007 31/12/2007 31/12/2007 31/12/2007 30/06/2007 31/12/2007 EUR EUR CHF EUR EUR USD 1 173 053.65 1 608 112.97 13 308 768.05 443 753.46 2 764 805.00 22 000.00 1 730 167.63 Housing 2 371 848.04 Communication/ Transportation 11 882 828.62 Electricity 654 503.63 Agriculture 4 077 883.48 Water & Sanitation 22 000.00 Agriculture Syria Russian Federation Russian Federation China Lebanon China 27 830267 M727734 07/06/2001 31/12/2007 EUR 61 607.36 90 866.31 Oil Spares Turkey 28 29 30 31 32 830330 830639 830875 900209 900778 C729335 M734860 C734978 L729055 L737115 30/07/2001 13/06/2002 18/01/2006 19/07/2001 13/09/2002 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 EUR EUR EUR EUR EUR 248 243.56 16 010.00 92 807.27 10 565 446.75 549 127.57 366 140.94 Oil Spares 23 613.57 Oil Spares 136 883.88 Oil Spares 15 583 254.79 Housing 809 922.67 Electricity Russian Federation Bahrain Germany Tunisia Russian Federation S/2007/725 31 S/2007/725 32 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 33 34 35 36 37 38 900778 900991 901066 901749 902053 930181 L737360 L751810 L751671 L732684 L736336 L729782 15/11/2002 18/01/2005 23/12/2003 15/05/2002 29/08/2005 21/08/2001 31/12/2007 31/12/2007 31/12/2007 31/12/2007 28/06/2007 31/12/2007 EUR EUR EUR CHF EUR EUR 1 188 194.00 80 989.58 17 150 000.00 2 820 489.26 7 396 172.20 30 483 545.05 1 752 498.53 Electricity 119 453.66 Housing 25 294 985.25 Special Allocation 2 518 293.98 Electricity 10 908 808.55 Water & Sanitation 44 960 980.90 Oil Spares Russian Federation India Spain Russian Federation UAE Belgium Interenergoservice (IES), Moscow EURO PROJECTS INTERNATIONAL LTD FZE INGENIERIA TAG, S.L.C/ MAULLUTZ-EDIFICIC Technopromexport, Moscow Erad International L.L.C., Dubai OCTG BELGIUM OIL-COUNTRYTUBULAR-GOODS S.P.R.L., BRUSSELS Mediterranean International Inc., Damascus Hannon Trading & Marketing, Tunis Modern Ceramics S.P.A., Algiers Anwar Sons Co., Trade and Industry, Damascus FGUP VO Technopromexport, Moscow RUSSIAN ENGINEERING CO. Ramallah Engineering and Chemical Est., Amman VODSTROI, MOSCOW JSC "VODSTROI", MOSCOW Ramallah Engineering and Chemical Est., Amman 39 40 41 42 43 44 45 46 47 48 07-63929 930599 1000426 1000445 1000454 1001243 1001466 1030389 1030463 1030464 1030568 L733054 T732124 T733494 T731373 T733865 T736516 T735614 T734293 T751365 T735765 29/01/2002 05/12/2001 13/03/2002 29/10/2001 13/05/2002 13/08/2002 01/07/2002 10/04/2002 17/11/2003 27/06/2002 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 482 215.23 2 094 143.75 4 732 117.60 269 342.54 84 230.85 999 200.00 93 799.99 1 643 780.00 769 086.90 10 000.00 711 231.90 Oil Spares 3 088 707.60 Housing 6 979 524.48 Housing 397 260.38 Housing 124 234.29 Electricity 1 473 746.31 Water & Sanitation 138 348.07 Oil Spares 2 424 454.28 Oil Spares 1 134 346.46 Oil Spares 14 749.26 Oil Spares Syria Tunisia Algeria Syria Russian Federation Russian Federation Jordan Russian Federation Russian Federation Jordan 07-63929 Seq Annex I -- Status of letters of credit as of 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 1100102 1100335 1101025 1101152 1101214 1101710 1200555 1200844 1200853 1201532 1230025 1230318 1230497 1230582 1230584 1230606 1230615 * V734534 V734553 V737519 V737364 V735708 V737379 P751720 P738601 P738659 P750004 P751776 P750352 P739154 P751730 P751290 P751359 P750175 30/04/2002 24/04/2002 11/10/2002 04/10/2002 02/07/2002 02/12/2002 31/12/2003 17/12/2002 17/12/2002 18/01/2006 09/01/2004 12/03/2003 23/01/2003 02/01/2004 21/11/2003 17/11/2003 03/03/2003 31/12/2007 31/12/2007 31/12/2007 31/12/2007 03/07/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/03/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 31/12/2007 EUR EUR EUR EUR EUR EUR EUR CHF CHF EUR USD EUR EUR EUR EUR EUR EUR 500 517.73 75 023.00 1 833.68 2 043 797.49 1 720 000.00 3 349 011.84 328 825.10 13 766 402.70 4 869 384.93 5 040 000.00 2 363 636.36 60 848.76 231 482.61 1 230 243.00 42 350.00 42 698.00 8 359.20 738 226.74 Food Handling 110 653.39 Communication/ Transportation 2 704.54 Education 3 014 450.58 Housing 2 536 873.16 Communication/ Transportation 4 939 545.49 Food Handling 484 992.77 Industry 12 291 430.98 Electricity 4 347 665.12 Electricity 7 433 628.32 Communication/ Transportation 2 363 636.36 Oil Spares 89 747.43 Oil Spares 341 419.78 Oil Spares 1 814 517.70 Oil Spares 62 463.13 Oil Spares 62 976.40 Oil Spares 12 329.20 Oil Spares Lebanon Russian Federation Jordan Syria Syria France Lebanon Italy Russian Federation Russian Federation Pakistan Thailand UAE Russian Federation UAE Switzerland UAE Global Trade and Investment S.A.L., Beirut Russian Engineering Company, Moscow Trans Middle East International Distribution Company Ltd., Amman Anwar Akkad Son's Co. Trade and Industry, Damascus W. Talib Establishment General Trading, Damascus PEUGEOT PRIVATE LEBANESE DAIRY, JAL EL DIB APPLITEC S.R.L., Busto Arsizio (VA) Technopromexport, Moscow Traktoro Export Ltd. Russia, Moscow OIL AND GAS SERVICES GROUP LTD., SHARJAH Sahamitr Pressure Container Public Co. Ltd., Bangkok Rentec Environment Protection Technology, Dubai EASTOFT (RUSSIA) LIMITED, ST. PETERSBURG OES Algerie PZE, Dubai Suizer Burckhardt, Winterhur S/2007/725 Al Masaood Oil Industry Supplies and Services Co., Abu Dhabi 33 S/2007/725 34 Seq Communication No. Letter of credit No. Issue date Annex I -- Status of letters of credit as of 30 November 2007 Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 66 67 68 1300021 1300033 1300164 * B739304 * B750473 * B750291 03/02/2003 11/03/2003 14/03/2003 31/12/2007 31/12/2007 31/12/2007 EUR EUR EUR 6 588 958.85 1 255 000.00 950 407.50 9 718 228.39 Education 1 851 032.45 Communication/ Transportation 1 401 780.97 Food Handling Egypt Egypt Lebanon United Arab Company for International Trading, Cairo United Arab Company for International Trading, Cairo Global Trade and Investment S.A.L., Beirut Subtotal of letters of credit expiring in 2007 Total 68 letters of credit 215 letters of credit 295 504 861.47 602 395 917.96 * Identified by the Coalition Provisional Authority on 12 April 2004 as a suspected front company. ** The Central Bank of Iraq requested on 11 and 18 November 2004 the removal from the list of suspected front companies. 07-63929 07-63929 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 1 600882 Z718687 30/06/2004 USD 543 634.00 543 634.00 Documents in Order/NOA Not Received/Documents Discrepant/NOA Not Received Turkey PMC MUMESSILLIK VE DIS TICARET LTD., ISTANBUL BELMETALENERGO INC., MINSK PMC MUMESSILLIK VE DIS TICARET LTD., ISTANBUL TECHNOPROM EXPORT, MOSCOW SIEMENS SAS, SAINT DENIS FRANCO PETROCHIMIQUE, CERGY TIBA COMPANY, DAMASCUS International Electronic Engineering, Amman OIL AND GAS SERVICES GROUP LTD., SHARJAH OIL AND GAS SERVICES GROUP LTD., SHARJAH OIL AND GAS SERVICES GROUP LTD., SHARJAH OIL AND GAS SERVICES GROUP LTD., SHARJAH STEEL FABRICATION CO., AMMAN Anwar Akkad Sons Co., Damascus ELECTROIMPEX PLC, SOFIA 2 601333 Z718896 31/12/2007 USD 719 593.26 719 593.26 Documents Discrepant/NOA Not Belarus Received/Partial Payment/Additional NOA Not Received 1 363 600.00 Documents in Order/NOA Not Received/Amendment Received Turkey 3 4 5 6 7 8 9 10 11 12 13 14 15 601441 601654 601701 601799 601909 630631 631025 631026 631028 631031 631048 631099 700663 Z719977 Z725037 Z722153 Z719838 Z727261 Z737711 Z734374 Z751762 Z751761 Z751763 Z728693 Z737736 U724186 30/06/2004 31/12/2007 31/12/2007 31/12/2007 19/06/2006 11/08/2006 31/03/2007 31/03/2007 31/12/2007 31/12/2007 31/12/2007 30/09/2007 18/06/2006 USD USD EUR USD USD USD USD USD USD USD USD EUR USD 1 363 600.00 23 970.50 33 048.00 1 362 500.00 765 856.00 196 400.00 57 166.36 37 272.72 672 727.00 2 174 545.00 385 000.00 783 102.45 307 308.00 23 970.50 Partial Payment/Additional NOA Not Russian Received Federation 48 743.36 Partial Payment/Additional NOA Not France Received 1 362 500.00 Documents Discrepant/NOA Received 765 856.00 Documents in Order/NOA Not Received France Syria 196 400.00 Partial Payment/Additional NOA Not Jordan Received 57 166.36 Documents in Order/NOA Not Received 37 272.72 Documents Returned/NOA Not Received 672 727.00 Documents in Order/NOA Not Received/Amendment Received 2 174 545.00 Documents Returned/NOA Not Received/Amendment Received 385 000.00 Documents Discrepant/NOA Not Received 1 155 018.36 Documents Discrepant/NOA Not Received/Amendment Received Pakistan Pakistan Pakistan Pakistan Jordan Syria 307 308.00 Partial Payment/Additional NOA Not Bulgaria Received S/2007/725 35 S/2007/725 36 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 16 17 700712 700824 U732313 U724641 19/06/2006 30/06/2004 USD USD 82 200.00 378 890.98 82 200.00 378 890.98 Documents Discrepant/NOA Not Received Turkey Rona Mallon Enternasyonal Muteahhitlik Sti., Ankara BHARAT HEAVY ELECTRICALS LTD., INT'L DIV., NEW DELHI Diesel Energia e Sistemi S.R.L., Ricc di Fornovo (Parma) EAST POWER IMPORT AND EXPORT TRADING CO. LTD., DANDONG OJSC-POWER MACHINES Agri-Nad S.A., Casablanca EBD LEBANON S.A.R.L., Beirut Documents Discrepant/NOA Not India Received/Partial Payment/Additional NOA Not Received Partial Payment/Additional NOA Not Italy Received Documents in Order/NOA Not Received/Documents Discrepant/NOA Not Received Documents Discrepant/NOA Not Received China 18 702153 U735282 31/12/2007 USD 8 505 000.00 8 505 000.00 19 702154 U725738 31/12/2007 USD 170 542.60 170 542.60 20 21 22 702374 702423 702674 U760000 U726920 U751752 31/12/2007 26/11/2004 19/06/2006 USD EUR EUR 5 050 130.00 2 261 261.60 303 614.41 5 050 130.00 3 335 194.10 447 808.86 Russian Federation Partial Payment/Additional NOA Not Morocco Received Documents Discrepant/NOA Discrepant/Documents Discrepant/NOA Not Received/Documents in Order/NOA Not Received/Partial Payment/Additional NOA Not Received/Partial Payment/NOA Discrepant Documents Discrepant/NOA Not Received/Documents in Order/NOA Discrepant Lebanon 23 702787 U732869 31/12/2007 EUR 1 440 929.17 2 125 264.26 Syria Anwar Akkad Son's Company, Damascus Zhongyuan Petroleum Exploration Bureau, Puyang City Henan Province Phoenix International, Amman 24 730897 U736577 19/06/2006 EUR 47 500.00 70 059.00 Partial Payment/Additional NOA Not China Received Documents Discrepant/NOA Not Received/Documents in Order/NOA Not Received Documents Discrepant/NOA Not Received Documents Discrepant/NOA Not Received Jordan 25 730971 * U737440 27/10/2004 EUR 453 296.71 668 579.22 26 27 07-63929 731018 731032 U737630 U737779 09/02/2004 19/06/2006 EUR EUR 208 840.91 2 260 149.09 308 024.94 3 333 553.23 Lebanon Russian Federation Mayss S.A.L. (Off Shore), Beirut Joint Stock Company Stroytransgas, Moscow 07-63929 Seq Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Communication No. Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 28 29 30 31 32 33 34 35 36 37 800329 800783 800784 800975 801061 801103 801130 801150 801344 801381 C729396 C727202 C727209 C725998 C727374 C725591 M728881 M728133 C726197 M728717 18/06/2006 17/09/2004 23/06/2004 31/12/2007 31/12/2007 18/06/2006 19/06/2006 31/12/2005 19/06/2006 29/04/2004 USD EUR EUR EUR EUR EUR EUR USD EUR EUR 4 024 814.04 2 110 290.91 466 665.58 1 172 578.27 1 571 312.90 36 016.10 666 281.66 3 306.00 1 649 034.00 5 116.79 4 024 814.04 3 112 523.47 688 297.32 1 729 466.47 2 317 570.65 53 121.09 982 716.31 3 306.00 2 432 203.54 7 546.89 Partial Payment/Additional NOA Not Bulgaria Received Documents Discrepant/NOA Not Received France Sila -- Yambol JSC Company, Yambol, AGROMED S.A. BOULOGNE AGROMED S.A. BOULOGNE ANWAR AKKAD SON'S CO. TRAD. & IND., DAMASCUS TRANSUMED LLC, MOSCOW PT ANGKASA EKAMULYA, JAKARTA EVAPCO INGRA ITALIA SRL, SAN VITO AL TAGLIAMENTO INTERNATIONAL CERAMICS LTD., LAHORE MIDDLE EAST -- SKAN CONSULTING AND TRADING Technopromexport, Moscow ENGINEERING AUTOMOTIVE MFG CO., CAIRO COMESSA, STRASBOURG East Power Import and Export Trading Co. LTD, Dandong INTERNATIONAL ENGINEERING GROUP Partial Payment/Additional NOA Not France Received Documents in Order/NOA Not Received Documents in Order/NOA Not Received/Amendment Received Documents Discrepant/NOA Not Received Documents in Order/NOA Not Received Syria Russian Federation Indonesia Austria Partial Payment/Additional NOA Not Italy Received Documents Discrepant/NOA Not Received Pakistan Partial Payment/Additional NOA Not Sweden Received Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Egypt Received Partial Payment/Additional NOA Not France Received Documents Discrepant/NOA Not Received China 38 39 801479 801598 C733847 C726086 31/12/2007 31/05/2006 CHF EUR 75 290.03 656 677.66 67 223.24 968 551.12 40 41 42 43 801639 801777 802524 802571 M751744 M728103 C732902 M750987 18/06/2006 31/12/2007 10/04/2006 30/06/2007 EUR EUR EUR EUR 123 272.00 443 271.86 34 099.80 2 764 805.00 181 817.11 653 793.30 50 294.69 4 077 883.48 Partial Payment/Additional NOA Not Jordan Received Documents Discrepant/NOA Lebanon Discrepant/Documents in Order/NOA Not Received S/2007/725 Sakr Power Systems S.A.L., Halat 37 S/2007/725 38 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 44 802719 C750829 19/06/2006 EUR 2 096 152.00 3 091 669.62 Documents Discrepant/NOA Lebanon Discrepant/Documents in Order/NOA Not Received Partial Payment/Additional NOA Not Indonesia Received Partial Payment/Additional NOA Not Tunisia Received Documents in Order/NOA Discrepant/Partial Payment/Additional NOA Not Received Viet Nam Sakr Power Systems S.A.L., Halat Indomas Co., Jakarta Star International Trading, Ezzahra FORMACH FORESTRY MACHINERY COMPANY, HANOI Modern Technology Trading Co., Damascus Echex Establishment, Geneva JOINT STOCK COMPANY GAZENERGOSERVIS, MOSCOW GAZENERGOSERVIS, MOSCOW Ramallah Engineering and Chemical Est., Amman Saab Tank Control, Manama Firnass Ltd., Amman China National Air Separation Plant Corporation, Hangzhou WATANEYAH GENERAL SUPPLIES CO. INTERNATIONAL CERAMICS LTD., LAHORE 45 46 47 802945 802954 802968 C736601 C738447 C737867 14/06/2004 19/06/2006 18/06/2006 EUR EUR EUR 94 999.86 741 078.23 246 702.70 140 117.79 1 093 035.74 363 868.29 48 49 50 802969 802974 830307 M737883 M738082 M728505 20/09/2004 18/06/2006 19/06/2006 EUR EUR EUR 16 121.85 6 867.96 10 528.00 23 778.54 10 129.73 15 528.02 Partial Payment/Additional NOA Not Syria Received Partial Payment/Additional NOA Not Switzerland Received Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Russian Received Federation Documents Discrepant/NOA Not Received Jordan 51 52 53 54 55 56 830330 830558 830639 830694 830799 900032 C729335 M734207 M734860 M737946 C732826 L728872 31/12/2007 19/06/2006 31/12/2007 19/06/2006 18/06/2006 13/09/2004 EUR GBP EUR JPY EUR EUR 123 587.20 39 659.09 16 010.00 13 329 200.00 11 500.00 4 593 980.15 182 282.01 81 771.32 23 613.57 122 286.24 16 961.65 6 775 781.93 Partial Payment/Additional NOA Not Bahrain Received Documents Discrepant/NOA Not Received Jordan Partial Payment/Additional NOA Not China Received Documents Discrepant/NOA Not Received/Documents in Order/NOA Not Received Documents Discrepant/NOA Not Received Jordan 57 900034 L727655 19/06/2006 EUR 2 636 847.61 3 889 155.77 Pakistan 07-63929 07-63929 Seq Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Communication No. Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 58 900045 * L726681 14/04/2006 EUR 1 187 390.40 1 751 313.27 Partial Payment/Additional NOA Not Egypt Received/Amendment Received EL-HOSAN FOR IMPORT AND EXPORT FILLING AND PACKING FOODSTUFF, CAIRO SOCIETE INTERNATIONALE DE MENUISERIE, TUNIS M/S IES Interenergoservis, Moscow Interenergoservice (IES), Moscow EURO PROJECTS INTERNATIONAL LTD FZE United Phosphorus Limited, Mumbai Avtostorg Company, Moscow Manufacturing Commercial Vehicles, Cairo Technopromexport, Moscow Eastern Global Triumph SDN BHD., Kuala Lumpur RUSSIAN ENGINEERING COMPANY Traktoro Export Ltd., Moscow Erad International L.L.C., Dubai Rona-Mallon Enternasyonal Muteahhitlik Ltd., Ankara JORD ENGINEERS INDIA LTD., BARODA 59 900209 L729055 31/12/2007 EUR 2 171 915.46 3 203 415.13 Documents Discrepant/NOA Not Tunisia Received/Partial Payment/Additional NOA Not Received Documents in Order/NOA Not Received Documents Discrepant/NOA Received/Documents in Order/NOA Not Received Russian Federation Russian Federation 60 61 900778 900778 L737115 L737360 31/12/2007 31/12/2007 EUR EUR 53 550.00 525 000.00 78 982.30 774 336.28 62 63 64 65 66 67 68 900991 901341 901366 901392 901749 901788 901987 L751810 L737106 L731772 L751798 L732684 L731638 L734729 31/12/2007 27/04/2004 18/06/2006 11/04/2005 31/12/2007 18/06/2006 30/01/2005 EUR EUR EUR EUR CHF EUR EUR 80 998.76 180 128.00 98 271.39 7 063.36 42 825.00 48 811.52 600 000.00 119 467.20 265 675.52 144 943.05 10 417.94 38 236.61 71 993.39 884 955.75 Partial Payment/Additional NOA Not India Received/Amendment Received Partial Payment/Additional NOA Not India Received Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Egypt Received Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Malaysia Received Documents Discrepant/NOA Not Russian Received/Partial Payment/Additional Federation NOA Not Received Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not UAE Received Documents in Order/NOA Not Received Documents Discrepant/NOA Not Received Turkey India 69 70 71 72 902034 902053 902090 930074 L735561 L736336 L738698 L730874 18/06/2006 28/06/2007 19/06/2006 19/06/2006 EUR EUR USD EUR 135 229.90 231 755.23 121 500.00 158 002.09 199 454.13 341 821.87 121 500.00 233 041.43 S/2007/725 39 S/2007/725 40 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 73 1000226 T731031 18/06/2006 JPY 2 713 163.00 24 891.40 Documents Discrepant/NOA Discrepant/Partial Payment/Additional NOA Not Received Egypt GHABBOUR EGYPT EGYPTIAN VEHICLES MANUFACTURING COMPANY CO. S.A.E., CAIRO SOCIETE TUNISIENNE D'INDUSTRIE AUTOMOBILE, TUNIS Anwar Akkad Son's Co. Trade and Industry, Damascus Hannon Trading & Marketing, Tunis Modern Ceramics S.P.A., Algiers United Arab Trading Co., Tunis Anwar Sons Co., Trade and Industry, Damascus Controls Testing Equipment Ltd., Hertfordshire R. Window, Amman Bisca A/S (Kelsen Bisca A/S), Snede Wiam Tex Co., Haleb Free Zone HINDUSTAN DORROLIVER LTD., MUMBAI 74 1000288 T731067 10/10/2004 EUR 100 000.00 147 492.63 Partial Payment/Additional NOA Not Tunisia Received Documents Discrepant/NOA Received Documents Discrepant/NOA Not Received Documents Discrepant/NOA Not Received Syria Tunisia Algeria 75 76 77 78 79 80 81 82 83 84 1000299 1000426 1000445 1000446 1000454 1000467 1000623 1000752 1000840 1001204 T732141 T732124 T733494 ** T734532 T731373 T735279 T732881 T739588 T734819 T751571 19/06/2006 31/12/2007 31/12/2007 17/03/2006 31/12/2007 19/09/2004 23/02/2004 19/06/2006 30/04/2004 19/05/2006 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 47 024.42 195 504.87 4 621 719.59 529 170.17 254 013.40 630.48 486 363.00 557 694.72 72 201.82 4 234 253.00 69 357.55 288 355.27 6 816 695.56 780 486.98 374 651.03 929.91 717 349.56 822 558.58 106 492.36 6 245 210.91 Partial Payment/Additional NOA Not Tunisia Received Documents Discrepant/NOA Not Received Syria Partial Payment/Additional NOA Not The United Received Kingdom Documents Discrepant/NOA Not Received Documents Discrepant/NOA Discrepant Sweden Denmark Partial Payment/Additional NOA Not Syria Received Documents in Order/NOA Not Received/Amendment Received/Partial Payment/NOA Received India 85 86 07-63929 1001243 1001275 1001466 T733865 T739181 T736516 31/12/2007 30/09/2004 31/12/2007 EUR EUR EUR 84 030.84 53 153.94 780 808.08 123 939.29 78 398.14 1 151 634.34 Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Tunisia Received Documents Discrepant/NOA Not Received/Amendment Received Russian Federation FGUP VO Technopromexport, Moscow Batimex Import & Export Co., Tunis RUSSIAN ENGINEERING CO. 87 07-63929 Seq Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Communication No. Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 88 1001474 * T751716 30/06/2006 EUR 320 391.00 472 553.10 Documents Discrepant/NOA Not Received/Documents in Order/NOA Not Received Documents Discrepant/NOA Not Received Documents Discrepant/NOA Not Received Documents Discrepant/NOA Not Received Syria AL-NAJI TRADING EST & CONTRACTING COMPANY NATIONAL TOURISTIC CONSTRUCTIONS (N.T.C.), HELIOPOLIS, CAIRO The Sugar Factory of Lebanon (Off Shore) S.A.L., Beirut Al Thana Scientific Center for Laboratories Equipments, Aleppo INTERNATIONAL TRADE & INVESTMENT (ITI), AMMAN STEEL FABRICATION CO., AMMAN STEEL FABRICATION CO., AMMAN Vozrozhdenie/Russia, St. Petersburg Ramallah Engineering and Chemical Est., Amman RUSSIAN ENGINEERING COMPANY, MOSCOW Bukkehave Ltd., Svendborg VODSTROI, MOSCOW JSC "VODSTROI", MOSCOW Ramallah Engineering and Chemical Est., Amman BUKKEHAVE LTD., SVENDBORG 89 1001517 T751770 19/06/2006 EUR 4 104 280.00 6 053 510.32 Egypt 90 91 1001636 1001817 T736742 T738729 02/08/2004 20/06/2004 EUR EUR 174 181.85 156 530.58 256 905.38 230 871.06 Lebanon Syria 92 1001885 T751084 21/09/2005 EUR 500.00 737.46 Partial Payment/Additional NOA Not Jordan Received Documents Discrepant/NOA Not Jordan Received/Partial Payment/Additional NOA Not Received Partial Payment/Additional NOA Not Jordan Received Partial Payment/Additional NOA Not Russian Received Federation Documents Discrepant/NOA Not Received Jordan 93 1002233 T751386 18/06/2006 EUR 539 541.23 795 783.53 94 95 96 97 98 99 100 101 102 1002236 1030349 1030389 1030441 1030451 1030463 1030464 1030568 1030622 T751710 T735766 T735614 T751294 T735631 T734293 T751365 T735765 T751572 18/06/2006 18/06/2006 31/12/2007 18/06/2006 19/06/2006 31/12/2007 31/12/2007 31/12/2007 14/04/2006 EUR EUR EUR EUR EUR EUR EUR EUR EUR 30 000.00 28 890.33 93 799.99 486.00 42 093.67 204 020.00 568 440.45 10 000.00 34 865.04 44 247.79 42 611.11 138 348.07 716.81 62 085.06 300 914.45 838 407.74 14 749.26 51 423.36 Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Denmark Received Partial Payment/Additional NOA Not Russian Received Federation Documents in Order/NOA Not Received/Amendment Received Documents Discrepant/NOA Not Received Russian Federation Jordan S/2007/725 Partial Payment/Additional NOA Not Denmark Received 41 S/2007/725 42 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 103 1030728 T735299 19/06/2006 EUR 2 800 151.29 4 130 016.65 Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Viet Nam Received Documents in Order/NOA Not Received Documents Discrepant/NOA Not Received Syria Jordan State Enterprise Russian Foreign Economic Association, Moscow FORMACH FORESTRY MACHINERY COMPANY, HANOI Altoun Trading, Damascus Atlas Industrial, Amman MAS Economic Group, Damascus SES International Corp. SES Group of International Companies, Damascus United Arab Company for International Trading, Golf Land Cairo Global Trade and Investment S.A.L., Beirut Akawai/Bachir Mohamed Al-Akawai, Tripoli Pacific Inter-Link SDN BHD, Kuala Lumpur Bys Dis Ticaret A.S., Antakya HYDROMACHSERVICE, MOSCOW Russian Engineering Company, Moscow Dominion Spain, Madrid Russian Engineering Company, Moscow 104 1100016 V733855 17/02/2006 EUR 14 870.07 21 932.26 105 106 107 108 1100020 1100075 1100087 1100089 V735808 V734155 V735834 V736731 26/10/2004 02/06/2004 19/06/2006 11/08/2006 EUR EUR EUR EUR 29 022.38 107 671.32 23 674.40 1 024.50 42 805.87 158 807.26 34 917.99 1 511.06 Partial Payment/Additional NOA Not Syria Received Partial Payment/Additional NOA Not Syria Received Partial Payment/Additional NOA Not Egypt Received/Amendment Received Documents Discrepant/NOA Discrepant Lebanon 109 1100100 * V734670 02/03/2006 EUR 7 505 485.65 11 070 037.83 110 111 112 1100102 1100129 1100139 * V734534 V736053 V734535 31/12/2007 17/01/2005 19/06/2006 EUR EUR EUR 500 517.00 50 926.17 1 157 195.10 738 225.66 75 112.35 1 706 777.43 Partial Payment/Additional NOA Not Lebanon Received Documents Discrepant/NOA Not Malaysia Received/Partial Payment/Additional NOA Not Received Partial Payment/Additional NOA Not Turkey Received Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Russian Received Federation Partial Payment/Additional NOA Not Spain Received Documents Discrepant/NOA Russian Received/Partial Payment/Additional Federation NOA Not Received 113 114 115 116 117 1100149 1100171 1100301 1100304 1100335 V734536 V751200 V737613 V736362 V734553 26/07/2004 18/06/2006 19/06/2006 04/10/2004 31/12/2007 EUR EUR EUR EUR EUR 29 118.05 55 651.20 130 666.38 889 374.00 16 793 656.16 42 946.98 82 081.42 192 723.27 1 311 761.06 24 769 404.37 07-63929 07-63929 Seq Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Communication No. Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 118 1100408 V736165 26/09/2004 EUR 35 320.25 52 094.76 Partial Payment/Additional NOA Not Viet Nam Received Documents Discrepant/NOA Not France Received/Partial Payment/Additional NOA Not Received Partial Payment/Additional NOA Not Egypt Received Documents Discrepant/NOA Discrepant Documents Discrepant/NOA Not Received/Documents in Order/NOA Not Received/Partial Payment/Additional NOA Not Received Jordan Vietnam National Sundries Imp and Exp Corporation (TOCONTAP), Hanoi NUTIRS CO. SA 119 1100539 V737691 19/06/2006 EUR 37 944.00 55 964.60 120 121 1100926 1101025 V736033 V737519 18/06/2006 31/12/2007 EUR EUR 1 336 229.86 24 595.05 1 970 840.50 36 275.88 Falcon for Import and Trade Co., Cairo Trans Middle East International Distribution Company Ltd., Amman ALTAI LIMITED COMPANY, ALTAI TERRITORY 122 1101106 V751800 30/09/2004 EUR 2 930 809.49 4 322 727.86 Russian Federation 123 1101147 V735680 18/06/2006 EUR 505 062.80 744 930.38 Documents Discrepant/NOA Not Syria Received/Amendment Received/Partial Payment/Additional NOA Not Received Documents Discrepant/NOA Not Syria Received/Partial Payment/Additional NOA Not Received/Amendment Received Partial Payment/Additional NOA Not Jordan Received Partial Payment/Additional NOA Not Syria Received Partial Payment/Additional NOA Not France Received Partial Payment/Additional NOA Not Malaysia Received Documents Returned/NOA Not Received Jordan Anwar Akkad Sons Co. Trade & Industry, Damascus 124 1101152 V737364 31/12/2007 EUR 2 069 328.83 3 052 107.42 Anwar Akkad Son's Co. Trade and Industry, Damascus 125 126 127 128 129 130 1101233 1101473 1101710 1101881 1101995 1200278 V751706 V736780 V737379 V751733 * V738920 P738491 19/06/2006 15/02/2005 31/12/2007 16/06/2006 30/06/2004 31/12/2004 EUR JPY EUR EUR EUR EUR 152 561.88 64 637 770.00 2 787 025.51 13 179.57 514 865.60 55 583.60 225 017.52 593 007.06 4 110 657.09 19 438.89 759 388.79 81 981.71 ATLAS CHEMICALS, AMMAN SES International Corp., Damascus PEUGEOT ARTISTIC SUPPORT SDN. BHD., KUALA LUMPUR PHOENIX INVESTMENT INTERNATIONAL Olive Tree Food Processing Co. Ltd., Amman S/2007/725 Partial Payment/Additional NOA Not Jordan Received 43 S/2007/725 44 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 131 132 1200288 1200291 P750602 P737772 30/04/2004 18/06/2006 EUR EUR 12 521.25 222 503.90 18 467.92 Partial Payment/Additional NOA Not Saudi Arabia Pharmaceutical Solutions Received Industry, Jeddah 328 176.84 Partial Payment/Additional NOA Not Malaysia Received/Partial Payment/NOA Received 1 744 436.58 Documents Discrepant/NOA Discrepant/Amendment Received India Perusahaan Otomobil Nasional Berhad Co., Shah Alam Selangor Darul Ehsan Mather and Platt Pumps Ltd., Mumbai Huiles Et Derives S.A.L., Jounieh BELHASA MOTORS CO LLC, DUBAI PRIVATE LEBANESE DAIRY, JAL EL DIB 133 134 135 136 1200370 1200447 1200538 1200555 P738022 P750982 P751207 P751720 19/06/2006 18/06/2006 22/08/2004 31/12/2007 EUR EUR JPY EUR 1 182 728.00 131 642.71 5 362 477.00 345 326.00 194 163.29 Partial Payment/Additional NOA Not Lebanon Received 49 197.04 Documents in Order/NOA Not Received 509 330.38 Documents Discrepant/NOA Not Received/Amendment Received/Documents in Order/NOA Not Received/Partial Payment/Additional NOA Not Received 2 470 060.29 Documents Discrepant/NOA Not Received 6 781 697.51 Documents Returned/NOA Not Received UAE Lebanon 137 138 1200564 1200623 P750157 P751734 18/06/2006 19/06/2006 EUR EUR 1 674 700.88 4 597 990.91 Syria Jordan AL-HAYTHAM TRADING CO., Delip MUBASHER INTERNATIONAL GROUP, AMMAN Barmek Insaat Ve Tesisat A.S., Beysukent Ankara Collage Impex, New Delhi VIETNAM NORTHERN FOOD CORPORATION, Hanoi Building Up and Commerce Establishment Contracting Consulting Engineering and Design Import Export Trade, Damascus Safire Ltd., Moscow 139 140 141 1200840 1200933 1200994 P738507 P739022 P751686 19/06/2006 18/06/2006 30/11/2004 USD EUR EUR 109 542.00 120 364.59 179 104.74 109 542.00 Partial Payment/Additional NOA Not Turkey Received 177 528.89 Partial Payment/Additional NOA Not India Received 264 166.28 Partial Payment/Additional NOA Not Viet Nam Received 79 587.02 Partial Payment/Additional NOA Not Syria Received 142 1201398 P750262 28/02/2005 EUR 53 960.00 143 1201412 P751161 18/06/2006 EUR 38 100.00 56 194.69 Partial Payment/Additional NOA Not Russian Received Federation 07-63929 07-63929 Seq Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Communication No. Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 144 1201414 P750944 18/06/2006 EUR 1 682 423.99 2 481 451.31 Documents in Order/NOA Not Russian Received/Partial Payment/Additional Federation NOA Not Received 142 552.17 Documents in Order/NOA Not Russian Received/Partial Payment/Additional Federation NOA Not Received 62 886.43 Partial Payment/Additional NOA Not Russian Received Federation 217 844.16 Partial Payment/Additional NOA Not Russian Received Federation 12 195.96 Partial Payment/Additional NOA Not Egypt Received 7 433 628.32 Documents Discrepant/NOA Not Received/Amendment Received 2 363 645.36 Documents Returned/NOA Not Received Russian Federation Pakistan Safire Ltd., Moscow 145 1201424 P750468 19/06/2006 EUR 96 650.37 Safire Ltd., Moscow 146 147 148 149 150 151 152 153 1201429 1201430 1201433 1201532 1230025 1230061 1230094 1230127 P750492 P739433 P751682 P750004 P751776 P738957 P739017 P751526 31/01/2005 19/06/2006 19/08/2004 31/12/2007 31/03/2007 19/06/2006 19/06/2006 19/06/2006 EUR EUR EUR EUR USD EUR GBP EUR 42 637.00 147 698.34 8 268.86 5 040 000.00 2 363 645.36 10 990.08 26 182.09 28 239.23 Hydromash Service, Moscow Hydromash Service, Moscow MCV Manufacturing Commercial Vehicles, Cairo Traktoro Export Ltd. Russia, Moscow OIL AND GAS SERVICES GROUP LTD., SHARJAH Ciltug Isi Sanayi Ve Ticaret A.S., Gaziantep Axsia Fluid Processing (L) BHD, Labuan NICCO CORPORATION LIMITED (PROJECT DIVISION), KOLKATTA Avantaginvest, Moscow Orient Marketing and Trading Co. S.A.L., Beirut LITINTERN Joint Stock Company, Amman JSC HYDROMASHSERVICE, MOSCOW Sahamitr Pressure Container Public Co. Ltd., Bangkok 16 209.56 Partial Payment/Additional NOA Not Turkey Received 53 983.69 Partial Payment/Additional NOA Not Malaysia Received 41 650.78 Partial Payment/Additional NOA Not India Received 47 239.60 Partial Payment/Additional NOA Not Russian Received Federation 107 629.79 Partial Payment/Additional NOA Not Lebanon Received 2 269 323.01 Documents Discrepant/NOA Discrepant Jordan 154 155 156 157 158 1230159 1230165 1230176 1230276 1230318 P738616 P750440 P751169 P751455 P750352 19/06/2006 31/07/2004 19/06/2006 30/08/2006 31/12/2007 EUR EUR EUR EUR EUR 32 028.45 72 973.00 1 538 601.00 3 775.14 57 268.54 5 568.05 Partial Payment/Additional NOA Not Russian Received Federation 84 466.87 Documents Discrepant/NOA Not Thailand Received/Amendment Received/Partial Payment/Additional NOA Not Received S/2007/725 45 S/2007/725 46 Seq Communication No. Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 159 160 161 162 163 164 165 166 167 168 169 1230347 1230417 1230448 1230495 1230554 1230556 1230558 1230584 1230588 1230606 1230615 P738858 P751267 * P739150 P750674 P750081 P751484 P750349 P751290 P750096 P751359 P750175 19/06/2006 20/10/2004 18/06/2006 19/06/2006 19/06/2006 19/06/2006 19/06/2006 31/12/2007 30/08/2006 31/12/2007 31/12/2007 EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR EUR 60 571.37 1 500.00 831 606.00 182 593.00 26 740.56 3 000.00 4 812.10 42 350.00 188 181.00 42 698.00 6 536.39 89 338.30 Documents Discrepant/NOA Not Received Jordan Better Business Bureau International, Amman Electro Distribution Schreder SARL, Chouefat GTI Global Trade & Investment S.A.L., Beirut SSS. Korrosionsschutztechnik, Essen Hitec AS, Stavanger Vinci Technologies, Nanterre OOO "M-Bonus", Moscow OES Algerie PZE, Dubai Aska International, Moscow Suizer Burckhardt, Winterhur Al Masaood Oil Industry Supplies and Services Co., Abu Dhabi United Arab Company for International Trading, Cairo Al Rowa'a General Trading Co. L.L.C., Dubai Akin Plastic Insaat San Tic Ltd., Istanbul Global Trade and Investment S.A.L., Beirut SOCIETE MAGHREBINE DE FABRICATION DE MOTEURS THERMIQUES (SAKMO), TUNIS 2 212.39 Partial Payment/Additional NOA Not Lebanon Received 1 226 557.52 Partial Payment/Additional NOA Not Lebanon Received 269 311.21 Documents in Order/NOA Not Received Germany 39 440.35 Partial Payment/Additional NOA Not Norway Received 4 424.78 Partial Payment/Additional NOA Not France Received 7 097.49 Partial Payment/Additional NOA Not Russian Received Federation 62 463.13 Partial Payment/Additional NOA Not UAE Received 277 553.10 Documents Discrepant/NOA Not Received 62 976.40 Partial Payment/NOA Discrepant Russian Federation Switzerland 9 640.69 Partial Payment/Additional NOA Not UAE Received 705 819.25 Documents Discrepant/NOA Not Received/Amendment Received Egypt 170 171 172 173 174 1300033 1300126 1300129 1300164 1300211 * B750473 B750927 B750354 * B750291 B751748 31/12/2007 18/06/2006 19/06/2006 31/12/2007 24/08/2004 EUR JPY EUR EUR EUR 478 545.45 20 200 484.23 34 915.92 950 407.50 342 717.59 185 325.54 Partial Payment/Additional NOA Not UAE Received 51 498.41 Partial Payment/Additional NOA Not Turkey Received 1 401 780.97 Partial Payment/Additional NOA Not Lebanon Received 505 483.17 Partial Payment/Additional NOA Not Tunisia Received 07-63929 07-63929 Seq Annex II -- List of letters of credit for which there are claims of delivery by the vendor as of 30 November 2007 Communication No. Letter of credit Expiry date Currency Documents pending amount at BNP Equivalent US$ BNP Paribas comments Mission Beneficiary 175 1300213 B750302 13/12/2004 EUR 726 930.60 1 072 169.03 Partial Payment/Additional NOA Not Tunisia Received 399 349.69 Documents Discrepant/NOA Discrepant 71 902.65 Partial Payment/NOA Discrepant Tunisia Turkey Societe D'Equipment De Transport Et De Carrosserie, Ezzahra Laceramic, Tunis VALEO OTOMOTIV SIS. ENDOSTRISI A.S, Bursey Universal Modern Industries Co. for Edible Oil, Amman Holding Co. for Food Industries, Cairo, 176 177 178 179 1300215 1300396 1300553 1300594 B750425 B751597 B751627 B751625 27/09/2004 20/09/2004 15/01/2005 31/10/2004 EUR EUR EUR EUR 270 759.09 48 750.00 67 489.48 2 577 747.80 99 542.01 Partial Payment/Additional NOA Not Jordan Received 3 801 987.91 Documents Discrepant/NOA Not Egypt Received/Partial Payment/Additional NOA Not Received 205 633 744.36 Total 179 letters of credit * Identified by the Coalition Provisional Authority on 12 April 2004 as a suspected front company. ** CBI requested on 11 and 18 November 2004 the removal from the list of suspected front companies. S/2007/725 47 S/2007/725 48 Seq Communication Letter of No. credit No. Annex III -- List of cancelled letters of credit between 1 July 2007 and 30 November 2007 Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 1 2 3 4 5 6 601308 630959 630961 631150 631160 700232 Z729547 Z751806 Z751807 Z751174 Z751564 U751804 20/03/2002 19/01/2006 19/01/2006 15/10/2003 03/12/2003 27/04/2004 19/06/2006 19/06/2006 19/06/2006 18/06/2006 19/06/2006 29/05/2005 USD USD USD EUR EUR EUR 403 885.12 290 000.00 889 572.00 7 326.00 844.00 2 223.04 403 885.12 Communication/ Transportation 290 000.00 Oil Spares 889 572.00 Oil Spares 10 805.31 Oil Spares 1 244.84 Oil Spares 3 278.82 Food Handling China UAE UAE Russian Federation India Tunisia CMEC International Engineering Co. Ltd., Beijing WOOD GROUP PRESSURE CONTROL LTD., GLASGOW WOOD GROUP PRESSURE CONTROL LTD., GLASGOW Cincinati Extrusion, Moscow Batliboi International Ltd., Mumbai TERRAMAR GmbHr Dorotheenstr. 82 D-22301 Hamburg Germany SHOURA SHIPPING & CARGO IMP/EXP, DAMASCUS MEDITERRANEAN INT'L INC., DAMASCUS ATI TECHNOLOGY TURBINE ENG. LTD., LIMASSOL OIL AND GAS SERVICES GROUP, KARACHI Oil & Gas Services Group, Karachi China National Air Separation Plant Corp., Zhejiang Normalab Analis France, Lintot BUKKEHAVE LTD., SVENDBORG 7 8 9 10 11 12 13 14 701387 730218 730367 730868 730869 731059 731060 830077 U722916 U726110 U722343 U728332 U728207 U751385 U750873 C730889 01/12/2005 28/02/2001 18/01/2006 27/06/2001 27/06/2001 14/11/2003 04/04/2003 05/10/2001 18/06/2006 19/06/2006 19/06/2006 18/06/2006 18/06/2006 18/06/2006 19/06/2006 19/06/2006 USD USD USD USD USD EUR EUR EUR 2 822 595.00 458 568.90 909 113.64 572 727.00 241 400.00 35 089.21 9 900.00 110 703.97 2 822 595.00 Agriculture 458 568.90 Oil Spares 909 113.64 Oil Spares 572 727.00 Oil Spares 241 400.00 Oil Spares 51 754.00 Oil Spares 14 601.77 Oil Spares 163 280.19 Oil Spares Syria Syria Cyprus Pakistan Pakistan China France Denmark 07-63929 07-63929 Seq Annex III -- List of cancelled letters of credit between 1 July 2007 and 30 November 2007 Communication Letter of No. credit No. Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 15 830240 C729831 18/01/2006 19/06/2006 EUR 416 521.74 614 338.85 Oil Spares Tunisia PETROLEUM AND INDUSTRIAL REALIZATION CONTRACTORS (PIRECO), TUNIS OES-ALGERIE, ALGER Target Trading (LLC), Dubai International Projects and Consulting Co., Cairo Aljabal Poultry Farms, Amman PB Pongboon Intertrade Co. Ltd., Bangkok HOTWELL SERVICES ACC HANDELS GES. MBH, KLINGENBACH Mediterranean International Inc., Damascus CASTLE ROSNEFTEGAZ EXPORT Zao Yuzhural Neftegaz, CHeLYAbinsk OOO "VEINS", MOSCOW OOO "Veins", Moscow SIAP Bologna S.R.L., Villanova (Bologna) ENDVLUS FOOD, CHEMICAL MATERIAL IMPORT AND EXPORT TRADE CO. LTD. Vehicles and Construction Group, Beirut 16 17 18 19 20 21 830492 830896 901396 902105 930306 930380 C730663 M751563 L751692 L739676 L732206 L731797 26/09/2001 01/12/2003 23/12/2003 18/02/2003 01/05/2002 02/01/2002 19/06/2006 27/04/2004 19/06/2006 18/06/2006 18/06/2006 19/06/2006 EUR EUR EUR EUR EUR EUR 67 153.05 10 886.72 216 039.83 638 616.88 45 102.35 1 882 545.41 99 045.80 Oil Spares 16 057.11 Oil Spares 318 642.82 Water & Sanitation 941 912.80 Agriculture 66 522.64 Oil Spares 2 776 615.65 Oil Spares Algeria UAE Egypt Jordan Thailand Austria 22 23 24 25 26 27 28 29 930603 1030022 1030086 1030128 1030158 1030707 1100050 1100265 L733650 T733965 T733143 T733106 T751513 T735379 V733684 V734557 18/01/2006 25/03/2002 28/01/2002 01/02/2002 24/11/2003 27/12/2005 08/03/2002 22/04/2002 19/06/2006 19/06/2006 31/05/2005 19/06/2006 19/06/2006 10/05/2007 18/06/2006 31/12/2004 EUR EUR EUR EUR EUR EUR EUR EUR 9 772.73 10 000.00 30 545 141.00 20 092.00 68 580.84 1 504.34 200 436.76 8 364.71 14 414.06 Oil Spares 14 749.26 Oil Spares 45 051 830.38 Oil Spares 29 634.22 Oil Spares 101 151.68 Oil Spares 2 218.79 Oil Spares 295 629.44 Communication/ Transportation 12 337.33 Education Syria Jordan Russian Federation Russian Federation Russian Federation Russian Federation Italy Turkey S/2007/725 30 1100305 V734504 22/04/2002 19/06/2006 JPY 115 763 418.00 1 062 049.71 Communication/ Transportation Lebanon 49 S/2007/725 50 Seq Communication Letter of No. credit No. Annex III -- List of cancelled letters of credit between 1 July 2007 and 30 November 2007 Issue date Expiry date Currency Amount Equivalent US$ Sector Mission Beneficiary 31 32 33 34 35 36 1100645 1101704 1102004 1230093 1230114 1230172 V735226 V739551 V738921 P751293 P751638 P751655 22/12/2005 21/03/2003 10/01/2003 29/10/2003 16/12/2003 03/05/2005 18/06/2006 19/06/2006 10/05/2007 19/06/2006 19/06/2006 18/06/2006 EUR EUR EUR EUR EUR EUR 89 528.66 1 343.10 1 680.00 319 500.45 118 750.00 10 594.90 132 048.17 Food Handling 1 980.97 Health 2 477.88 Electricity 471 239.60 Oil Spares 175 147.49 Oil Spares 15 626.70 Oil Spares India Germany India Italy Russian Federation Syria R.R. Impex Private Limited, New Delhi B. Braun Melsungen AG, Melsungen KALPATARU POWER TRANSMISSION LIMITED PROGETTI EUROPA & GLOBAL S.P.A., ROME ZAO INTERROSAGRO LTD, Moscow MEDITERRANEAN INTERNATIONAL INC., Damascus Neftegazexport, Moscow GTI/Global Trade and Investment S.A.L., Beirut Better Business International Co., Amman Control Links Engineering Co., Amman Ozacarlar Dis Tic. Ith. Ihr. Ins. San Ve Turz AS, Gaziantep Shamma Technology Systems, Abu Dhabi Russian Engineering Co., Moscow Siemens, Sanayi Ve Ticaret A.S., Istanbul 37 38 39 40 41 42 43 44 1230265 1230457 1230577 1230622 1300068 1300122 1300128 1300342 P738723 P739174 P750851 P750222 B750137 B750248 B750304 B750908 18/01/2006 30/01/2003 26/03/2003 10/01/2006 06/03/2003 14/03/2003 14/03/2003 07/04/2003 19/06/2006 18/06/2006 18/06/2006 31/12/2006 01/05/2004 19/06/2006 30/01/2005 19/06/2006 EUR EUR EUR EUR EUR EUR EUR EUR 3 401 088.73 3 461.08 2 502 178.03 14 182.00 2 600.00 1 546 660.91 999 997.38 50 002.34 5 016 355.06 Oil Spares 5 104.84 Oil Spares 3 690 528.07 Oil Spares 20 917.40 Oil Spares 3 834.81 Food 2 281 210.78 Communication/ Transportation 1 474 922.39 Water & Sanitation 73 749.76 Electricity Russian Federation Lebanon Jordan Jordan Turkey UAE Russian Federation Turkey Total 07-63929 44 letters of credit 71 615 121.04 07-63929 Seq Annex IV -- List of partially or fully paid letters of credit between 1 July 2007 and 30 November 2007 Communication No. Letter of credit No. Issue date Expiry date Currency Paid amount Paid equivalent US$ Cancelled equivalent US$ Sector Mission Beneficiary 1 830726 C731589 29/08/2005 19/06/2006 EUR 335 767.20 495 231.86 39 426.24 Oil Spares Jordan AL NEDAA FOR MANUFACTURING EQUIPMENT AND DIES, AMMAN Baker Oil Tools India (Private) Limited, New Delhi SYRABIA FOR BUSINESS ENGINEERING AND CONSULTING ENGINEERING & CONSULTING, DAMASCUS 2 3 1030768 1201514 T736348 P751389 02/08/2002 11/12/2003 31/12/2007 31/03/2007 EUR EUR 6 789.75 4 544 600.34 10 014.38 6 702 950.35 7 102.15 Oil Spares 33 999.45 Agriculture India Syria 4 5 1230271 1230498 P751411 P751739 17/11/2003 19/01/2006 18/06/2006 19/06/2006 EUR EUR 141 550.00 88 582.27 208 775.81 130 652.32 36 209.44 Oil Spares -- Oil Spares India Jordan WELD ALLOY PRODUCTS, NOIDA RAMALLAH ENGINEERING & CHEMICALS EST., Amman Musallam Est. for Shoes Manufacturing, Amman 6 1300010 B751808 01/10/2004 30/04/2007 EUR 340 828.80 502 697.35 -- Food Handling 116 737.29 Jordan Total 6 letters of credit 5 458 118.36 8 050 322.06 S/2007/725 51