Circular External Payments and Receipts - COPEX 1 - 20

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMUNICACIÓN "A" 128 07/05/82
TO FINANCIAL ENTITIES AUTHORIZED TO OPERATE IN EXCHANGE AND EXCHANGE BROKERS:
Ref.: Circular EXTERNAL PAYMENTS AND RECEIPTS - COPEX - 1 - 20

We address you regarding the provisions made known by Communication “A” 12 of 2.3.81 - COPEX - 1, to inform you of the modifications regarding payment for imports that will govern from this date.

1. The FOB or C and F value of the imports referred to in Chapter II, point 1, section 1.3., subsection 1.3.1., with shipments that take place from this date, can only be paid in installments no less than 180 days from the date of shipment, including, if applicable, the value of the respective financing interests.

2. The following products may be paid in full or partially, against shipping documentation or with financing in installments, as agreed with the sellers:

2.1. Those originating from and originating in the countries members of the Latin American Integration Association (ALADI) and negotiated within its scope.

2.2. Those included in subsections 1.3.2. and 1.3.3. of the aforementioned Communication “A” 12 with adjustment to the conditions provided for in each case.

2.3. Those that introduce the country importers located in the National Territory of Tierra del Fuego, Antarctica and the South Atlantic Islands destined for the Special Customs Area created by Law 19.640.

2.4. Newspapers, magazines and other periodicals, NADI 49.02.00.01.00 and 49.02.00.02.00.

3. Non-negotiated products originating from and originating in the countries members of the Latin American Integration Association (ALADI) and products originating from and originating in the countries that make up the Central American Common Market and of Cuba, Haiti, Panama and the Dominican Republic, can only be paid in installments no less than 90 days from the date of shipment, including in their respective financing interests.

We salute you very attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Jorge E. Magistrelli
Manager of Foreign Exchange and Changes
Evaristo H. Evangelista
Deputy General Manager