TMI BlogSHIPPING AND AIR TRANSPORTX X X X Extracts X X X X X X X X Extracts X X X X ..... erprise of a Contracting State from the operation of ships or aircraft in international traffic shall be taxable only in that State. 2. Profits of an enterprise of a Contracting State described in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of operation of ships or aircraft in international traffic shall be regarded as profits derived from the operation of such ships or aircraft, and the provisions of Article 11 shall not apply in relat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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