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4. Assessment of applications and award of grants4.1. Assessment of activities and candidates will be carried out by the external advisory committee appointed by AC/E for each cultural area, in accordance with the nature of the proposed activity programme.4.2. The following will be valued with respect to the PROFILE OF THE APPLICANT ORGANISATION OR INSTITUTION:• The foreign organisation or institution, public or private, is cultural- ly significant in its country of origin or internationally reputed;• The foreign organisation or institution has sufficient means and capabilities to carry out the proposed activities for which the grants are requested and to guarantee compliance with the conditions that regulate them.4.3. The following will be valued with respect to the PROFILE OF THE ACTIVITY PROJECT:• The activity is part of a general project that is feasible and has continuity;• It is preferably an activity originating from an activity project previously approved under the Visitors section of the PICE;16Results ‘14