CHAPTER 4U.K. SPECIFIC GOODS OR MOVEMENTS

Article 23U.K.Spacecraft

1.For the purposes of this Article:

(a)‘spacecraft’ means vehicles which are able to travel outside the earth’s atmosphere;

(b)‘economic ownership’ means the right of a natural or legal person to claim the benefits associated with the use of a spacecraft in the course of an economic activity by virtue of accepting the associated risks.

2.The launching of a spacecraft for which economic ownership has been transferred between a natural or legal person established in a non-member country and a natural or legal person established in [F1the United Kingdom] shall be recorded:

(a)as an import [F2if the United Kingdom is where] the new owner is established;

(b)as an export [F3if the United Kingdom was the country of] construction of the finished spacecraft.

3.The following specific provisions shall apply to the statistics referred to in paragraph 2:

(a)the data on the statistical value shall be defined as the value of the spacecraft, excluding transport and insurance costs;

(b)the data on the partner country shall be the non-member country of construction of the finished spacecraft, on import, and the non-member country where the new owner is established, on export.

4.Provided that there is no conflict with other F4... law, national statistical authorities shall have access to all available data sources, necessary for the compliance with this Article, in addition to customs declarations.

Textual Amendments