,

15 TREATY SHALL BE EXCHANGED AT PANAMA AT THE SAME VE AS THE INSTRUMENTS OF RATIFICATION OF THE TREATY CONCERNING THE PERMANENT NEUTRALITY AND OPERATION OF THE PANAMA CANAL SIGNED THIS DATE ARE EXCHANGED. THIS TREATY SHALL ENTER INTO FORCE, SIMULIA NE O USLY WITH THE TREATY CONCERNING THE PERMANENT NEUTRALITY AND OPERATION OF THE PANAMA CANAL, SIX CALENDAR MONTHS FROM THE DATE OF THE EXCHANGE OF THE INSTRUMENTS OF RAT IFICAT ION.

2. THIS TREATY SHALL TERMINATE AT NOON, PANAMA TIME, DECEMBER 31, 1999.

ARTICLE III

CANAL OPERATION AND MANAGEMENT

1. THE REPUBLIC OF PANAMA, AS TERRITORIAL SOVER - EIGN, GRANTS TO THE UNITED STATES OF AMERICA THE RIGHTS TO MANAGE, OPERATE, AND MAINTAIN THE PANAMA CANAL, ITS COMPLEMENTARY WORKS, INSTALLATIONS AND EQUIPMENT AND TO PROVIDE FOR THE ORDERLY TRANSIT OF VESSELS THROUGH THE PANAMA CANAL. THE UNITED STATES

OF AMERICA ACCEPTS THE GRANT OF SUCH RIGHTS AND UNDERTAKES TO EXERCISE THEM IN ACCORDANCE WITH THIS TREATY AND RELATED AGREEMENTS.

2. IN CARRYING OUT THE FOREGOING RESPONSIBILITIES, THE UNITED STATES OF AMERICA MAY:

(A) USE FOR I HE AFOREMENTIONED PURPOSES, WIT HOUT COST EXCEPT AS PROVIDED IN THIS TREATY, THE VARIOUS INSTALLATIONS AND AREAS (INCLUDING THE PANAMA CANAL) AND WATERS, DESCRIBED IN THE AGREEMENT IN IMPLEMENTATION OF THIS ARTICLE, SIGNED THIS DATE AS WFLL AS SUCH OTHER AREAS AND INSTALLATIONS AS ARE MADE AVAILABLE TO THE UNITED STATES OF AMERICA UNDER THIS TREATY AND RELATED AGREEMENTS, AND TAKE THE MEASURES NECESSARY TO ENSURE SANITATION OF SUCH AREAS;

1

(B) MAKE SUCH IMPROVEMENTS AND ALTERATIONS TO THE AFORESAID INSTALLATIONS AND AREAS AS IT DEEMS APPROPRIATE, CONSISTENT WITH THE TERMS OF THIS TREATY;

(C) MAKE AND ENFORCE ALL RULES PERTAINING TO THE PASSAGE OF VESSELS THROUGH THE CANAL AND OTHER RULES WITH RESPECT TO NAVIGATION AND MARITIME MATTERS, IN ACCORDANCE WITH THIS TREATY AND RELATED AGREEMENTS. THE REPUBLIC OF PANAMA WILL LEND ITS COOPERATION, WHEN

NECESSARY, IN THE ENFORCEMENT OF SUCH RULES;

ESTABLISH, MODIFY, COLLECT AND RETAIN TOLLS FOR THE USE OF THE PANAMA CANAL, AND OTHER CHARGES, AND ESTABLISH AND MODIFY METHODS OF THEIR ASSESSMENT ;

(E) REGULATE RELATIONS WITH EMPLOYEES OF

THE UNITED STATES GOVERNMENT:

(F)

PROVIDE SUPPORTING SERVICES TO FACILI- TATE THE PERFORMANCE OF ITS RESPONSIBILITIES UNDER THIS ARTICLE;

(G) ISSUE AND ENFORCE REGULATIONS FOR THE EFFECT IVE EXERCISE OF THE RIGHTS AND RESPONSIE ILITIES OF THE UNITED STATES OF AMERICA UNDER THIS TREATY AND RELATED AGREEMENTS. THE REPUBLIC OF PANAMA WILL LEND

ITS COOPERATION, WHEN NECESSARY, IN THE ENFORCEMENT OF SUCH RULES: AND

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