AGREEMENT in the form of an Exchange of Letters concerning the provisional application of the Protocol setting out the fishing rights and financial compensation provided for in the Agreement between the Government of the Republic of Senegal and the European Economic Community on fishing off the coast of Senegal for the period from 29 February 1988 to 28 February 1990

A. Letter from the Government of Senegal Sir,

With reference to the Protocol, initialled on 28 January 1988, setting out the fishing rights and financial compensation for the period from 29 February 1988 to 28 February 1990, I have the honour to inform you that the Government of Senegal is prepared to apply this Protocol on a provisional basis with effect from 29 February 1988 until its entry into force in accordance with Article 7 of the said Protocol, provided that the European Economic Community is disposed to do the same.

This is on the understanding that a first instalment equal to 50 % of the financial compensation laid down in Article 2 of the Protocol is paid by 30 June 1988.

I should be obliged if you would confirm the European Economic Community's agreement to such provisional application.

Please accept, Sir, the assurance of my highest consideration.

For the Government of the Republic of Senegal B. Letter from the European Economic Community Sir,

I am in receipt of your letter of today's date, which reads as follows:

´With reference to the Protocol, initialled on 28 January 1988, setting out the fishing rights and financial compensation for the period from 29 February 1988 to 28 February 1990, I have the honour to inform you that the Government of Senegal is prepared to apply this Protocol on a provisional basis with effect from 29 February 1988 until its entry into force in accordance with Article 7 of the said Protocol, provided that the European Economic Community is disposed to do the same.

This is on the understanding that a first instalment equal to 50 % of the financial compensation laid down in Article 2 of the Protocol is paid by 30 June 1988.

I should be obliged if you would confirm the European Economic Community's agreement to such provisional application.' I have the honour to confirm the European Economic Community's agreement to the provisional application of the Protocol.

Please accept, Sir, the assurance of my highest consideration.

On behalf of the Council of the European Communities EWG:L333UMBE05.94 FF: 3UEN; SETUP: 01; Hoehe: 254 mm; 41 Zeilen; 2494 Zeichen;

Bediener: MARL Pr.: C;

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