Article 2

There shall be a minimum ratio of 10:1 between chartered-in vessels and owned vessels operated by each tonnage tax company.

Each of the chartered-in vessels operated by a given tonnage tax company shall satisfy at least one of the following conditions:

1. (a)

   the chartered-in vessel is registered in a Community or EEA maritime register;

2. (b)

   the crew management and technical management of the chartered-in vessel are carried out on the territory of the Community or the EEA.