Art. 12 Verdrag tussen het Koninkrijk der Nederlanden en de Republiek Costa Rica inzake luchtdiensten tussen en via hun onderscheiden grondgebieden, Transfer of Funds

Verdrag tussen het Koninkrijk der Nederlanden en de Republiek Costa Rica inzake luchtdiensten tussen en via hun onderscheiden grondgebieden

1. The Designated Airline(s) of each Contracting Party 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 Services, and ancillary or supplemental services, and normal commercial interest earned on such revenues while on deposit awaiting transfer.

2. 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.

3. The Designated Airline(s) of each Contracting Party shall be entitled to effect the actual transfer on receipt of approval.

4. Such transfers will be made under the applicable legislation of the Contracting Party concerned.