Artikel 12

1. The airlines of the Contracting Parties shall be free to sell air transport services on their own transportation documents in the territories of the States of both Contracting Parties, either directly or through an agent, in any freely convertible currency, in accordance with the laws and regulations of the respective Contracting Party’s State.
2. Each Contracting Party shall grant to a designated airline of the other Contracting Party the right to transfer freely the excess of receipts over expenditure earned by the said designated airline in connection with the operation of the agreed services.
Included in such net transfer shall be revenues from sales, made directly or through agents, of air transport services, and ancillary or supplemental services.
3. Such transfer shall be made in accordance with the provisions of the agreement regulating financial matters of the Contracting Parties’ States. In case of the absence of such agreement or respective provisions the transfer shall be effected in freely convertible currency at the official exchange rate in accordance with the foreign exchange regulations of the Contracting Parties’ States.