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Article 12 Verdrag tussen de Regering van het Koninkrijk der Nederlanden en de Regering van de Republiek Congo inzake luchtdiensten

FINANCIAL PROVISIONS

1 Each Designated Airline(s) shall have the right to convert and remit to its country, on demand, at the official rate of exchange, the excess of receipts over expenditures achieved in connection with the carriage of traffic. The above mentioned transfer shall be made in convertible currencies and in accordance with the national laws and foreign exchange regulations applicable.

2 On a basis of reciprocity, the conversion and remittance of such revenues shall be permitted without restriction 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 for carrying out such conversion and remittance.

3 The Designated Airline(s) of each Contracting Party shall have the right at their discretion to pay for local expenses, including purchases of fuel, in the Territory of the other Contracting Party in local currency or in freely convertible currencies.

4 The Designated Airline(s) of each Contracting Party shall receive approval for such transfer within at most thirty (30) days of application, into any currency, at the official rate of exchange for conversion of local currency, as at the date of sale. The Designated Airline(s) of each Contracting Party shall be entitled to effect the actual transfer on receipt of approval.

Regeling
Verdrag tussen de Regering van het Koninkrijk der Nederlanden en de Regering van de Republiek Congo inzake luchtdiensten
Soort
Verdrag
Geldend vanaf
01-02-2020
BWB-id
BWBV0006360
Versie
2020-02-01_0

In de hele regeling · Officiële tekst op wetten.overheid.nl