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Arab Authority is established within the framework of The Council of Arab Economic Unity .

 



An Arab Authority is established within the framework of The Council of Arab Economic Unity and called the "Arab Federation of Chamber of Shipping ". It shall be governed by the provisions of such statute and what's agreed upon with the headquarters state provided that this doesn't contradict with the public law thereof.The headquarters of the Federation shall be in the city of Alexandria in the country of Arab Republic of Egypt The Federation may, by a decision of the Board of Directors, open offices or branches in other Arab countries, whereas the competence and jurisdiction thereof shall be stipulated in the decision.The country, due to have the headquarters of the Federation, pledges to take all the legal procedures necessary, according to the internal laws thereof, for the establishment and declaration of the Federation.The Federation enjoys legal personality and shall be fully competent to carry out its activities and realize its objective. It shall, also, be administratively and financially independent.The Federation's headquarters, branches and offices shall enjoy all the privileges and immunities stipulated in the Agreement on the CAEU's Privileges and Immunities and in accordance with what to be agreed upon with the country concerned.