64 | II Série A - Número: 072 | 6 de Fevereiro de 2015

purpose of operating the agreed services, provided always that the requirements under which such certificates and licences were issued, or rendered valid, are equal to or above the minimum standards established pursuant to the Convention.
2. Paragraph 1 also applies with respect to an airline designated by the Portuguese Republic whose regulatory control is exercised and maintained by another European Union Member State.
3. Each Party, however, reserves the right to refuse to recognize, for flights above its own territory, certificates of competency and licences granted or validated to its own nationals by the other Party or by any other State.

ARTICLE 10 COMMERCIAL REPRESENTATION

1. The designated airlines of each Party shall be allowed:

a) To establish in the territory of the other Party offices for the promotion of air transportation and sale of air tickets as well as, in accordance with the legislation in force of such other Party, other facilities required for the provision of air transportation; b) To bring in and maintain in the territory of the other Party – in accordance with the legislation of such other Party relating to entry, residence and employment – managerial, sales, technical, operational and other specialist staff required for the provision of air transportation, and c) In the territory of the other Party to engage directly and, at the airlines discretion, through its agents in the sale of air transportation.

2. The competent authorities of each Party will take all necessary steps to ensure that the representation of the airlines designated by the other Party may exercise their activities in an orderly manner.

ARTICLE 11 COMMERCIAL ACTIVITIES

1. The designated airlines of each Party shall have the right to sell, in the territory of the other Party, air transportation and any person shall be free to purchase such transportation in the currency of that territory or in freely convertible currencies of other countries in accordance with the foreign exchange regulations in force.
2. In the exercise of the commercial activities, the principles mentioned in the previous number shall be applied to the designated airlines of both Parties.

ARTICLE 12 CONVERSION AND TRANSFER OF REVENUES

1. Each Party grants to the designated airlines of the other Party the right of free transfer at the official rate of exchange, in convertible currencies in which the payment is done, of the excess of receipts over expenditures achieved in connection with the carriage of passengers, baggage, cargo and mail on the agreed services in its territory, except where inconsistent with generally applicable law or regulation in such territory.
2. For the purposes of this Article, the applicable law of the Portuguese Republic includes all measures taken by the European Union.

ARTICLE 13 CAPACITY

1. The agreed services provided by the designated airlines of the Parties shall strive to meet the requirements of the public for transportation on the specified routes and shall have as their primary objective the provision of capacity adequate to carry the current and reasonably anticipated traffic requirements, including seasonal variations for the carriage of traffic embarked or disembarked in the territory of the Party which has designated the airlines.