AGREEMENT in the form of an exchange of letters concerning the provisional application of the Protocol establishing the fishing possibilities and financial compensation provided for in the Agreement between the European Economic Community and the Government of the Republic of Senegal on fishing off the coast of Senegal, for the period from 2 October 1994 to 1 October 1996

A. Letter from the Government of Senegal

Brussels, ......

Sirs,

With reference to the Protocol initialled on 29 September 1994 establishing the fishing possibilities and financial compensation for the period from 2 October 1994 to 1 October 1996, I have the honour to inform you that the Government of Senegal is prepared to apply the Protocol on a provisional basis with effect from 2 October 1994, pending its entry into force in accordance with Article 8 thereof, provided that the European Community is disposed to do the same.

This is on the understanding that the first instalment equal to 50 % of the financial compensation fixed in Article 2 of the Protocol and 50 % of the amounts provided for in Articles 3 and 5 of the Protocol is to be paid before 31 January 1995.

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

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

For the Government of the Republic of Senegal

B. Letter from the Community

Brussels, ......

Sirs,

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

'With reference to the Protocol initialled on 29 September 1994 establishing the fishing possibilities and financial compensation for the period from 2 October 1994 to 1 October 1996, I have the honour to inform you that the Government of Senegal is prepared to apply the Protocol on a provisional basis with effect from 2 October 1994, pending its entry into force in accordance with Article 8 thereof, provided that the European Community is disposed to do the same.

This is on the understanding that the first instalment equal to 50 % of the financial compensation fixed in Article 2 of the Protocol and 50 % of the amounts provided for in Articles 3 and 5 of the Protocol is to be paid before 31 January 1995.

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

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

On behalf of the Council of the European Union