63International Maritime Satellite Organisation
(1)An overseas signatory to the Operating Agreement made pursuant to the Convention on the International Maritime Satellite Organisation which came into force on 16th July 1979 shall be exempt from income tax, corporation tax and capital gains tax in respect of any payment received by that signatory from the Organisation in accordance with the Agreement.
(2)In this section an “overseas signatory ” means a signatory other than one designated for the purposes of the Agreement by the United Kingdom in accordance with the Convention.