Each Contracting Party shall grant to the shipping company which has its place of effective management in the territory of the other Contracting Party the right of free transfer in convertible currency to the country designated by the shipping company of their investments and the returns from it as well as the excess of receipts over expenditure earned by that shipping company in the territory of the first Contracting Party.
Such transfers shall be granted regularly and currently and shall be based on official exchange rates or current payments, or where there are no official exchange rates, at the prevailing foreign exchange market rates for current payments. No charges other than normal bank charges shall be applicable to such transfers.
