AGREEMENT BETWEEN THE GOVERNMENT OF UKRAINE AND GOVERNMENT OF THE REPUBLIC OF BELARUS ON ACTIVITIES OF THE RAIL TRANSPORT

of December 17, 1992

The government of Ukraine and the Government of the Republic of Belarus which hereinafter are referred to as further "Parties",

recognizing the property right to rail transport which belongs to Ukraine and the Republic of Belarus;

considering for reasonable preserving technological unity of railway transportation network;

considering extreme importance of transportation of passengers and loads both between Ukraine and the Republic of Belarus, and to the third states;

recognizing value of coordination and joint activities of rail transport of both states, agreed about it:

Article 1

Functional activities of rail transport of both states, and also production and content of railway vehicles, technical means, movement safety, preserving loads are performed according to single standard rates.

Article 2

Transportation of passengers and loads between stations of the railroads of both states is performed on the basis of the regulating documents acting at the time of signature of this agreement.

Under the organization of transportations of passengers and loads by rail from Ukraine on the territory of the Republic of Belarus and from the Republic of Belarus on the territory of Ukraine, and also en route from the third states or to the third states of the Party coordinate the actions in case of development, taking into account legislations of the states, tariff policy for the purpose of attraction of additional transit cargo flows on these directions and registrations in necessary cases of the relevant agreements.

The parties carry out debt repayment which arises in the course of transportations for benefit of one of the Parties, not later than 30 days after the termination of the next quarter by transfer through the relevant organizations of the banks approved by administrations of rail transport of the amounts.

In case of introduction of one of the Parties of national currency, the procedure and conditions of settlement, and also currency based on which calculations are carried out will be determined by the bilateral agreement.

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