Desirous of establishing the maritime boundary between the United States of America and the Republic of Cuba, as a result of the enactment, by the Government of the United States of America, of Public Law No. 94–265 of April 13, 1976, and by the Government of the Republic of Cuba, of Decree – Law No. 2 of February 24, 1977, the two Governments have agreed as follows:

The income tax of foreign juridical persons will be calculated by the Ministry of Finance of the USSR or, at its instruction, by local financial authorities on the basis of the tax returns submitted by the foreign juridical person.

In those cases in which foreign juridical persons received income subject to the imposition of taxes during an entire calendar year, tax returns will be submitted no later than February 1 of the year following the year in which the income was received.

WHEREAS the Inter-Governmental Maritime Consultative Organization (hereinafter referred to as "IMCO.") as part of its activities and in pursuance of its constitutive Convention, co-operates with developing member States in the carrying out of activities aiming at the improvement of all technical aspects of maritime transport;

One of the most important tasks entrusted to the Preparatory Commission under paragraph C.l(o) of its Statute, was to prepare, for submission to the Governing Council, a Working Papar on the policies and criteria to govern financing by the Fund.