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 the excess of receipts over expenditure earned by that shipping company in the territory of the first Contracting Party. The procedure for such remittance, however, shall be in accordance with the foreign exchange regulations of the Contracting Party in the territory of which the revenue accrued. Such transfers shall be granted regularly and currently and shall be based on official exchange rates of current payments. Regarding the transfer of investments and the returns from it, the Treaty on the Protection of Investments between the Kingdom of the Netherlands and the Republic of Korea of 1974 applies.
