Article 10.
For the purposes of this Agreement the expression "the Netherlands Monetary Area" shall include the following territories:
Netherlands Territory in Europe (the Netherlands), Islands of the Netherlands Archipelago in Asia (Netherlands Indies), and territories of Curaçao and Surinam.
Article 11.
Freights earned by Norwegian ships chartered by residents of the Netherlands, or freights earned by Dutch ships chartered by residents of Norway, other than freights for transport of goods between the two countries, shall only be settled according to the provisions of this Agreement when the freights are stipulated in Norwegian kroner of in Netherlands florins.
Article 12.
The present Agreement shall be valid for an indefinite period, but shall be subject to review and adjustment after mutual consultation. It shall come into force on the date of its signature. At any time thereafter either Contracting Government may give written notice to the other of its intention to terminate the Agreement and the Agreement shall cease to have effect three months after the date of such notice.
In the event of the termination of the Agreement, any net balance standing to the credit of one of the two Contracting Governments shall either be converted into Treasury Bills issued by the debtor country in the currency of the creditor country, or settled in any other manner upon which the two Governments agree. The Treasury Bills referred to above shall bear 3 per cent interest and be amortized in 3 equal annuities.
DONE in duplicate in Oslo this 6 day of November 1945.
| For the Royal Netherlands Government |
For the Royal Norwegian Government |
| (Signed) G. P. Luden | (Signed) Trygve Lie |
No. 17
