Artikel 8

(a). The competent Turkish authorities shall regularly establish, in consultation with the appropriate institution of each creditor country, a List which shall determine the creditors in that country to which the appropriate institution of Turkey shall make transfers.
(b). The Lists referred to in the preceding paragraph shall be established in the order of settlement agreed by common accord between the Turkish Government and the Contracting Party concerned and shall provide priority for payments to any creditor the total amount of whose claims does not exceed a specified amount agreed by common accord. The order of settlement may be subsequently modified by common accord.
(c). In order to carry out the transfer to the creditors determined by the Lists provided for in the preceding paragraphs, the appropriate institution of Turkey shall transmit, through the intermediary of the appropriate institution of the creditor country concerned, a paying order in favour of each of those creditors established, taking into account the provisions of Article 10, in conformity with the terms of the notification made in accordance with paragraphs (c) and (d) of Article 5.