Common use of Maritime and Air Transport Clause in Contracts

Maritime and Air Transport. 1. Profits from the operation of ships or aircraft in international traffic shall be taxable only in the State in which the place of effective management of the enterprise is situated.

Maritime and Air Transport. 1. Profits from the operation of ships or aircraft in international traffic shall be taxable only in the Contracting State in which the place of effective management of the enterprise is situated.

Maritime and Air Transport. 1. Profits derived by an enterprise of a Contracting State from the operation of ships or aircraft in international traffic commerce shall be taxable only in the that Contracting State in which the place of effective management managerial headquarters of the enterprise is situatedlocated.

Maritime and Air Transport. 1. Profits derived by an enterprise of a Contracting State from the operation of ships or aircraft in international traffic commerce shall be taxable only in the State in which the place of effective management of the enterprise is situatedthat Contracting State.