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ARTICLE 12 CONVERSION AND TRANSFER OF REVENUES

Each Party grants to the designated airlines of the other Party the right of free

transfer at the official rate of exchange, of the excess of receipts over expenditures

achieved in connection with the carriage of passengers, baggage, cargo and mail on

the agreed services in the territory of the other Party.

ARTICLE 13 CAPACITY

1. There shall be fair and equal opportunity for the designated airlines of both

Parties to operate the agreed services on the specified routes between their

respective territories.

2. Each Party shall endeavour to take appropriate action within its jurisdiction to

eliminate discrimination or unfair competition.

3. Neither Party shall unilaterally limit the volume of traffic frequency or regularity

of service, or the aircraft type or types operated by the designated airlines of the

other Party, except as may be required for customs, technical, operational or

environmental reasons under uniform conditions consistent with Article 15 of the

Convention.

4. Neither Party shall impose on the other Party’s designated airlines a first

refusal requirement, uplift ratio, no objection fee or any other requirement with

respect to the capacity, frequency or traffic which would be inconsistent with the

purpose of this Agreement.

ARTICLE 14 NOTIFICATION OF SCHEDULES & CONDITIONS OF OPERATION

1. The time-tables of the agreed services and in general the conditions of their

operation shall be notified by the designated airlines of a Party to the aeronautical

authorities of the other Party at least thirty (30) days before the intended date of their

implementation. Any significant modification to such time-tables or conditions of their

operation shall also be notified to the aeronautical authorities in the same way. In

special cases, the time limit set above may be reduced subject to the agreement of

the said authorities.

2. For minor modifications or in case of supplementary flights, the designated

airlines of one Party shall also notify the aeronautical authorities of the other Party, at

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