- 1
- The Designated Airline(s) shall be entitled to transfer, from the Territory of sale to their home Territory the excess, in the Territory of sale, of receipts over expenditure. Included in such net transfer shall be revenues from sales, made directly or through agents, of air transport facilities and services, and ancillary or supplemental services, and normal commercial interest earned on such revenues while on deposit awaiting transfer.
- 2
- Each Designated Airline may on demand convert and remit local revenues in excess of sums locally disbursed to the country of its choice. Prompt conversion and remittance shall be permitted without restrictions at the rate of exchange applicable to current transactions which is in effect at the time such revenues are presented for conversion and remittance, and shall not be subject to any charges except those normally made by banks carrying out such conversion and remittance.
