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Book 5 · Maritime trade  ›  Subtitle 2 · Liability for loss of or physical damage to the goods › Section 505

Unit of account

The unit of account referred to under the present Subtitle is the Special Drawing Right (SDR) of the International Monetary Fund. Each amount will be converted into euros using the exchange rate between the euro and the Special Drawing Right on the date of delivery of the goods, or on the date agreed by the parties. The value of the euro, in terms of the Special Drawing Right, is to be determined using the calculation that the International Monetary Fund applies for its operations and transactions on the day in question.

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