Brussels, 15 November 2005
14 November 2005
MEMORANDUM OF UNDERSTANDING
Subject: Memorandum of Understanding for the implementation of a European Concerted Research Action designated as COST Action E53 "Quality Control for Wood and Wood Products"
Attached is the abovementioned Memorandum of Understanding signed in Brussels on 13 October 2005 by Germany and the Netherlands, on 14 October 2005 by Belgium, Norway and Poland, on 17 October 2005 by Spain, on 19 October 2005 by Ireland, and Latvia, and on 24 October 2005 by the United Kingdom.
DRAFT MEMORANDUM OF UNDERSTANDING
The Signatories to this Memorandum of Understanding, declaring their common intention to participate in the concerted Action referred to above and described in the Technical Annex to the Memorandum, have reached the following understanding:
1. The Action will be carried out in accordance with the provisions of document COST 400/01 "Rules and Procedures for Implementing COST Actions", the contents of which the Signatories are fully aware of.
2. The main objective of the Action is to improve methods of quality control in processing of round wood and timber to ensure that timber products and components meet the requirements of the users.
3. The economic dimension of the activities carried out under the Action has been estimated, on the basis of information available during the planning of the Action, at Euro 25 million in 2005 prices.
4. The Memorandum of Understanding will take effect on being signed by at least five Signatories.
5. The Memorandum of Understanding will remain in force for a period of four years, calculated from the date of first meeting of the Management Committee, unless the duration of the Action is modified according to the provisions of Chapter 6 of the document referred to in Point 1 above.
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