CHAPTER 8

PROPERTY OWNERSHIP

Article 86

Special fissile materials shall be the property of the Community.

The Community's right of ownership shall extend to all special fissile materials  which are produced or imported by a Member State, a person or an undertaking and  are subject to the safeguards provided for in Chapter 7.

Article 87

Member States, persons or undertakings shall have the unlimited right of use and   consumption of special fissile materials which have properly come into their  possession, subject to the obligations imposed on them by this Treaty, in particular  those relating to safeguards, the right of option conferred on the Agency and health  and safety.

Article 88

The Agency shall keep a special account in the name of the Community, called  Special Fissile Materials Financial Account

Article 89

1. In the Special Fissile Materials Financial Account:

a.the value of special fissile materials left in the possession of or put at the  disposal of a Member State, person or undertaking shall be credited to the   Community and debited to that Member State, person or undertaking;
b.the value of special fissile materials which are produced or imported by a  Member State, person or undertaking and become the property of the  Community shall be debited to the Community and credited to that Member  State, person or undertaking. A similar entry shall be made when a Member  State, person or undertaking restores to the Community special fissile materials  previously left in the possession of or put at the disposal of that State, person or  undertaking.

2. Variations in value affecting the quantities of special fissile material shall be  expressed for accounting purposes in such a way as not to give rise to any loss or  gain to the Community.Any loss or gain shall be borne by or accrue to the holder.

3. Balances arising from the transactions referred to above shall become payable  forthwith upon the request of the creditor.

4. Where the Agency undertakes transactions for its own account, it shall, for the  purposes of this Chapter, be deemed to be an undertaking.

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