(2) In the case of ships that operate solely on the Great Lakes, where the maximum moulded beam at the deck and at the load water line differ appreciably, the inboard damage penetration may be assumed at a mean position between that corresponding to one-fifth of the maximum moulded beam at the deck, measured inboard at the deck, and that corresponding to one-fifth the maximum moulded beam at the load water line measured inboard at the load water line.

(4) Where a licensee’s licence is about to expire or be cancelled and a new licensee is to be licensed to operate a duty free shop on the same premises as the premises of the licensee, the ownership of the goods in the duty free shop may be transferred to the proposed new licensee.

exposures to or guaranteed by non-EU central governments, non-EU central banks, multilateral development banks, international organisations that qualify for the credit quality step 1 as set out in this Annex, and exposures to or guaranteed by non-EU public sector entities, non-EU regional governments and non-EU local authorities that are risk weighted as exposures to institutions or central governments and central banks according to points 8, 9, 14 or 15 respectively and that qualify for the credit quality step 1 as set out in this Annex, and exposures in the sense of this point that qualify as a minimum for the credit quality step 2 as ...[+++]set out in this Annex, provided that they do not exceed 20% of the nominal amount of outstanding covered bonds of issuing institutions;

3. Notwithstanding points 1 and 2, when an institution hedges a non-trading book credit risk exposure using a credit derivative booked in its trading book (using an internal hedge), the non-trading book exposure is not deemed to be hedged for the purposes of calculating capital requirements unless the institution purchases from an eligible third party protection provider a credit derivative meeting the requirements set out in point 19 of Part 2 of Annex VIII to Directive 2006/./EC with regard to the non-trading book exposure.

A seven and a half year transitional period (up to 30 June 1999) was granted so as to allow duty-free shop operators and suppliers to explore alternative ways of carrying on business so as to avoid job losses (such as converting duty-free facilities to tax-paid retail outlets to take advantage of 'captive' customers).

Duty-free shop operators and suppliers of tobacco and alcohol goods to duty-free outlets repeat frequently that travellers within the EU would resent losing the right to purchase goods duty free.