- 1
- The designated airlines of the Contracting Parties shall be free to transfer to their home territory the excess of receipts over expenditure in the territory of the other Contracting Party, subject to the respective foreign currency regulations applicable to all countries in like circumstances. Included in such net transfer shall be revenues from sales, in any currency, made directly or through agents, of air transport services, and ancillary or supplemental services, and normal commercial interest earned on such revenues while on deposit awaiting transfer.
- 2
- Conversion and remittance shall be permitted without restrictions at the foreign exchange market rates for current payments prevailing at the date of submission of the request for transfer and shall not be subject to any charges except normal charges and fees collected by banks for such transactions. Approval for such conversion shall be received without unreasonable delay.
