4196 Purchase of Liberty ships from U. S . Mari time Oommission. 60 Stat. 41. 50U.Sa., app. H 1735-1746. Waiver of desig- nated financial laims. Responsibility of Provisional Oovern- ment for payment of designated claims. INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAT. MEMORANDUM RELATING TO SHIPPING CLAIMS The Government of the United States of America and the Pro- visional Government of the French Republic during the course of their negotiations on a lend-lease settlement have discussed all mutual shipping problems and shipping claims arising out of the acquisition, operation and disposition of French vessels under the control of the United States of America during the period from December 7, 1941 to May 1, 1946, and have agreed as follows: 1. In full and complete satisfaction of any and all claims and finan- cial obligations of one government against the other arising out of the requisition, use, repair, damage, loss, operation and redeliv- ery of French vessels, the Government of the United States of America will deposit a sum of 17.5 million dollars with the United States Maritime Commission on behalf of the Provisional Govern- ment of the French Republic, which sum shall be applied against the purchase by the Provisional Government of the French Re- public of up to 75 Liberty ships from the United States Maritime Commission under the terms of the Ship Sales Act, 1946. a. This sum will be applied by the United States Maritime Commission first to the down payment of the statutory sales price of the vessels at the time of their delivery as required by the Maritime Commission under its regulations; and sec- ondly, any excess of funds remaining after the said down payment will be applied as payments on interest and annual installments as they become payable towards the amortization of the unpaid balance to the extent that such excess of funds are available. b. The price and other terms of sale shall be mutually deter- mined by the United States Maritime Commission and the Pro- visional Government of the French Republic in accordance with the Ship Sales Act of 1946. c. The Provisional Government of the French Republic may make application for the purchase of additional ships from the United States Maritime Commission. 2. All financial claims of one government against the other arising out of the loss of French vessels or their cargoes while said vessels were under the control of the Government of the United States of America are hereby waived. The Provisional Government of the French Republic hereby as- sumes responsibility for the processing and payment of any claims now or hereafter made by any person, body or corporation who is or was or claims that he is or was at any time the owner of or who has or had or claims to have or to have had any rights in the rem against, or any beneficial interest in any of the French vessels under the control of the Government of the United States of America during the period referred to above or of any of the cargo on said veasels
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