Art. 12 Verdrag inzake luchtvervoer tussen het Koninkrijk der Nederlanden, ten behoeve van Curaçao, en de Portugese Republiek, Conversion and transfer of revenues

Verdrag inzake luchtvervoer tussen het Koninkrijk der Nederlanden, ten behoeve van Curaçao, en de Portugese Republiek

1. Each Party grants to the Designated Airlines of the other Party the right of free transfer at the official rate of currency exchange, of revenues tax exempted and of the excess sums of receipts over expenditures achieved in connection with the carriage of passengers, baggage, cargo and mail on the Agreed Services in its Territory, and in accordance with the applicable domestic law in the Territory of the Party from which the transfer is made.

2. For the purpose of this Article, the applicable domestic law of the Portuguese Republic includes all measures taken by the European Union.