- 1
- Each Contracting Party grants to the designated airline of the other Contracting Party the right of transfer of the excess of receipts over expenditure, earned in the territory of the first Contracting Party. Included in such net transfer shall be revenues from sales, made directly or through agents, of air transport services, and normal commercial interest earned on such revenues while on deposit awaiting transfer.
- 2
- The designated airlines of the Contracting Parties shall receive approval for such transfer within at most thirty (30) days of application, into a freely convertible currency, at the official rate of exchange for conversion of local currency.
- The airlines of the Contracting Parties shall be free to affect the actual transfer on receipt of approval.
