Art. 10 Verdrag inzake luchtdiensten tussen het Koninkrijk der Nederlanden en de Federatieve Republiek Brazilië, Transfer of funds

Verdrag inzake luchtdiensten tussen het Koninkrijk der Nederlanden en de Federatieve Republiek Brazilië

1. The Designated Airline(s) of each Contracting Party shall be entitled to transfer, from the Territory of sale to their home Territory, all local revenues in excess of local expenditures in the Territory of sale, of the sale of air transport and associated activities directly linked to air transport. 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. If any approval is required by national law, 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.

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