Transfer of Earnings. Each designated airline shall have the right to convert and remit to its country on demand local revenues in excess of sums locally disbursed. 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 for carrying out such conversion and remittance.
Transfer of Earnings. A designated airline of Hong Kong shall have the right to convert and remit to Hong Kong on demand local revenues in excess of sums locally disbursed. A designated airline of the Federal Republic of Germany shall have the right to convert and remit to the Federal Republic of Germany on demand local revenues in excess of sums locally disbursed. 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 for carrying out such conversion and remittance.
Transfer of Earnings. 1. Each designated airline shall have the right to engage in the sale of air transportation in the territory of the other Contracting Party directly and /or through its licensed agents. To the extent permitted by national laws and regulations, each designated airline shall have the right to sell transportation in the currency of that territory or in freely convertible currencies of other countries, and to the same extent any person shall be free to purchase such transportation in currencies accepted for sale by that airline.
2. Each Contracting Party grants to the designated airline(s) of the other Contracting Party the right of free transfer, including normal commercial interest earned on such revenues while on deposit awaiting transfer, in accordance with the laws and regulations of the Contracting Party, at the official rate of exchange of the excess of receipts over expenditure earned by that airline in its territory in connection with the carriage of passengers, mail and cargo, preferably within thirty (30) days of application.
3. Each Contracting Party shall facilitate the conversion and transfer of the revenue received in its territory by the designated airline(s) of the other Contracting Party, and assist promptly the said airline(s) in attending to the relevant formalities.
Transfer of Earnings. Each Contracting Party grants to the designated airline(s) of the other Contracting Party the right of free transfer of the excess of receipts over expenditure earned in the territory in connection with the carriage of passengers, baggage and cargo by the designated airline(s) of the other Contracting Party. Such transfer shall be made in a free convertible currency at the official rate of exchange on the day the transfer is made.
Transfer of Earnings. Each Contracting Party shall grant 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 respective Contracting Party. Such remittances, however, shall be made in accordance with the foreign exchange regulations of the Contracting Party in the territory of which the revenue accrued. Such transfer shall be effected on the basis of official exchange rates or where there are no official exchange rates at the prevailing foreign exchange market rates for current payment.
Transfer of Earnings. Each Contracting Party shall grant to the designated airlines of the other Contracting Party the right of free transfer of excess of receipts over expenditure earned by the airlines in the territory of the first Contracting Party to its country in connection with the carriage of passengers, mail and cargo, in any of freely convertible currencies in accordance with the foreign exchange regulations in forces, and shall not be subject to any charges except those normally made by banks for carrying out such conversion and remittance.
Transfer of Earnings.
1. Each designated airline shall have the right to convert into freely convertible currencies and remit local revenues from the territory of the other Party to its home territory or to the country or countries of its choice according to the applicable regulations. Conversion and remittance shall be permitted promptly without restrictions or taxation in respect thereof at the official rate of exchange applicable to current transactions and remittance on the date the airline makes the initial application for remittance.
2. If a Contracting Party imposes restrictions in a discriminatory manner on the transfer of excess of receipts over expenditure by the designated airline or airlines of the other Contracting Party, the latter shall have the right to impose reciprocal restrictions on the designated airline or airlines of that Contracting Party.
Transfer of Earnings. (1) Each Contracting Party shall grant to the designated airline of the other Con- tracting Party the right of free transfer of the excess of receipts over expenditure earned by the airline in the territory of the first Contracting Party in connection with the carriage of passengers, mail and cargo, on the basis of the prevailing Foreign Exchange market rates for current payments.
(2) If the Contracting Party imposes restrictions on the transfer of excess of receipts over expenditure by the designated airline of the other Contracting Party, the latter shall have a right to impose reciprocal restrictions on the designated airline of the first Contract- ing Party.
Transfer of Earnings. 1. Each Contracting Party grants to the designated airline of the other Contracting Party the right of free transfer of the excess of re ceipts over expenditure, earned in its territory in connection with the carriage of passengers, baggage, cargo and mail by the designated airline of this other Contracting Party. Such transfer shall be made in a free convertible currency at the official ra te of exchange on the day the transfer is made, without being affected by taxation or restrictions.
2. The profit earned as a result of the operation of the aircraft engaged in international traffic and the mobile goods that are used for operating the airc raft are taxable only in that State where the principle place of business or permanent residence of the designated airline is located.
3. If a Contracting Party imposes restrictions on the transfer of earnings by the designated airline of the other Contra cting Party, the latter shall have the right to impose reciprocal restrictions on the designated airline of the first Contracting Party.
Transfer of Earnings. 1. Each Contracting Party grants to the designated airline(s) of the other contracting Party the right of free transfer of the excess of receipts over expenditure, earned in the territory in connection with the carriage of passengers, baggage, cargo and mail by the designated airline(s) of the other Contracting Party. Such transfer shall be made in a free convertible currency at the official rate of exchange on the day the transfer is made.
2. Where a special payment agreement exists between the Contracting Parties, the transfer shall be effected in accordance with the provisions of that agreement.
3. If a Contracting Party imposes restrictions on the transfer of earnings by the designated airline(s) of the other Contracting Party, the latter shall have the right to impose reciprocal restrictions on the designated airline(s) of the first Contracting Party.
