16. 12. 92 Official Journal of the European Communities - No L 367/29 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 31 July 1992 concerning proposed aid by Germany to the Chinese shipping company Cosco for the construction of container vessels (Only the German text is authentic) (92/569/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular the first subpara- graph of Article 93 (2) thereof, Having regard to Council Directive 90/684/EEC of 21 December 1990 on aid to shipbuilding (), and in parti- cular Article 4 (7) thereof, : Having given notice in accordance with Article 93 to interested parties to submit their comments and having regard to these comments, Whereas : . Following a letter of 4 March 1991 from a Community yard complaining that distortion of competition would result from the German Government’s intention to grant development aid to a Chinese shipping company for the construction of four container vessels, the Commission, by letter of 2 April, invited the German authorities to notify the project pursuant to Article 4 (7) and 11 (2) (c) of Directive 90/684/EEC. By letter of 22 April, the German authorities stated that a negative decision had been taken on a request from a shipbuilding consortium (Bremer Vulkan, HDW and ex-GDR yards) for financial support () OJ No L 380, 31. 12. 1990, p. 27. on certain development aid conditions for the shipbuil- ding contract of Cosco (China Ocean Shipping Company). Following another complaint from the same yard on 12 August 1991 the Commission, by letter of 28 August 1991, again invited the German authorities to notify the development aid plans relating to the Cosco contract. The German authorities, by letter dated 19 September 1991, stated that the question of whether and to what extent development aid could be granted for the Cosco contract was awaiting a project assessment by the Kreditanstalt fiir Wiederaufbau. However, on 20 September 1991, the German authorities notified to the Organization for Economic Cooperation and Development (OECD) under the development aid provisions of the OECD Understanding on export credit for ships the terms and conditions of a subsidized loan related to a project to build three 3 765 teu container vessels for Cosco. The Danish Government, in a letter of 2 October 1991, complained to the Commission about the Cosco aid project. The Commission, by letter of 14 October 1991, gave the German authorities a final 10 working days to notify the Cosco aid project. The German answer came in two letters dated 31 October 1991 and 4 November 1991 respectively.