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Article 2

Original text. Later amendments are not shown.

1.

The financial compensation referred to in Article 8 of the Agreement for the period referred to in Article 1 of this Protocol, is fixed at 6 900 000 ECU, payable in three annual instalments.

2.

If during the period of application of this Protocol the amount of tuna caught by Community vessels in Mozambican waters exceeds 18 000 tonnes, the financial compensation will be increased by 50 ECU per tonne caught above this quantitative limit.

3.

The use to which this compensation is put shall be the competence solely of Mozambique.

4.

The compensation shall be paid into an account opened at a financial institution or any body designated by Mozambique.