4

seh ybab ys pet tae Spl ade ae sls eS ah
Slap Sarl SVL py s ST, byte ale ole
“ped fla chs el abaya DOV JL abedilye grate
+ sof ib

Varela, VUCY al cdilpol, Saito pale yi b—1
erat Gl lS abe Ghidlillaboe ss bi sbestlool
Ny erent ye lS Tey a GET eet S leo HET
+ op tale Lol p Bath eat Sly ote!

oll a Lite Lt ey vedi y ge Lele sbedlyajl oe
eelpetloolyetlook yl G.Ten Whee Gi GeleL
FE pee cyt Gabe oe VOY ab etl LS Glin Stabe
"Dal G Sly Le ager took ay bjt abel only vgs wale
+ dp ale

eblalbe bbe al
"pls aes Ul ie
+ a biedily QTolil, Sul
TF ale enol

« pole yo wares
& r ole — Rial oes CU Lapa

TIAS 7146


3

The Iranian Minister for Foreign Affairs to the American
Ambassador

TATUL/IT YY. ght

WT elpeet Fe ee

bit helis
opti AT ke

U dla be Vr o ght 14 0¥ julien VY abe ol yury dlenpis dtrlypiow
pple Dll ayetee JE pipe” bine 6
Ss Le ee tl SL Slee Ghul, pyle — anligebey suT ele
Webel para contol sb (0) (EIT tte nye Splines gly tiedys ya
Gola el Shae gb amci eS SL) thatthe iS eyes este sta fle!
tpl ath oul ot

woh cles sbi dye Malik, Kyl etncs play S yh! sat
gy tee bigds Tepes ty sete slpeteg eyed amis glayy tS plist gr ogee
Nh ct by eT ea Dok a tcetl ol CO) (UIT tay
+ afaeabeeye Sb she

AL cpediggerh qeO gly tS de Lige cathy plein dacs 1
Fath SUS ylabedy o cng aye STS

rey ls GES LL. ee tlh et 6 tle onip ylyy ot
cattle gleledys apSegbs olyeledy o caper aye SU ay (EE (EIT)
+ te

wheat bel Yay pty Ge pete er pl ete ly Sols T= Gl
cnetly ait yeip BLL ILL Ge ofa Ua! gles abeslig
apm ut len oeir oT benny! dleb beh sebhel eb bee thle
tmn LLL Spp et pl pane hay S li gE unin Kl aif
+ tlt apie Jl bt ths Girls peo

Ly eget Jae pled sled Geip rege 6 tly eg eee oe
ghele bast dele yopar epry ene Satls pls, jly sol LS it vals
GG athe che Geir eS Lele pls ah ee, tt!
besa lay Sct heels tal Shy apey geizy Sth enti

+ atuahs eal 5 gbel glen

et ost! Gib etl ay, ome uty lla s el bslaagys—¢

yd 98 eles phi ELSI be Gutjlaty (Lise ed lag Sc sealesen

FU Bip LL GS age ste tly gel e te Qh ST at sale ail
TIAS 3913



TREATIES AND OTHER INTERNATIONAL ACTS SERIES 3913

GUARANTY OF PRIVATE INVESTMENTS

Agreement Between the
Unirep StTaTES OF AMERICA

and JRAN

Effected by Exchange of Notes
Signed at Tehran September 17 and 21,

1957



5
Translation
Office: Legal Division
No: 6752/18
Date: 12/21/1348 [March 12, 1970]

Ministry or Foreign AFFAIRS

Howoraste Mr. Ampassapor:
I have the honor to acknowledge receipt of Your Excellency’s let-
ter No. 175 dated March 12, 1970, which is quoted below:

[For the English language text, see p.1.]

Noted and contents approved.

ArpesHin ZAHEDI
Minister of Foreign Affairs

The Honorable Dovcras MacArruor II,
The Ambassador of the
United States of America,
Tehran.

TIAS 7146

U.S. GOVERNMENT PRINTING OFFICE:1971 O—65-897


2

subrogation of the United States of America to any claim or
cause of action and/or right of such person arising frem this
transfer.

b. That such rial amounts as may be acquired by the Amer-
ican Government by virtue of such guaranties shall be accorded
treatment not less favorable than that accorded private funds
obtained through transactions by American nationals which
are comparable to transactions covered by such guaranties,
and that such rial amounts shall be made freely available to
the Government of the United States of America for adminis-
trative expenditures.

c. That any claim against the Government of Iran to which
the Government of the United States of America may be
subrogated as a result of any payment under such guaranty
shall be the subject of direct negotiation between the two
Governments. If within a reasonable period of time the two
Governments are unable to settle the dispute by mutual agrec-
ment, the matter shall be referred for final and binding deter-
mination to a sole arbitrator to be selected by mutual agree-
ment. If the two Governments are unable, within three
months, to reach an agreement on the selection of arbitrator,
the arbitrator shall be such person as may be designated by
the President of the International Court of Justice at the
request of either Government.

Upon receipt of a note from Your Excellency indicating that
the foregoing provisions are acceptable to the Government of
Iran. the Government of the United States of America shall con-
sider this note and Your Excellency’s reply thereto as consti-
tuting an agreement between the two Governments on this
subject.

This Agreement shall be put into effect ['] as of the date of the
receipt of Your Excellency’s note in reply.

Accept, Excellency, the renewed assurances of my highest
consideration.

SELDEN CHAPIN

His Excellency
Ani Qoi1 ARDALAN.
Minister for Forciqn Affairs,
Tehran,

Sept. 24. 1957.

TIAS 3913


TREATIES AND OTHER INTERNATIONAL ACTS SERIES 7146

INVESTMENT GUARANTIES

Agreement Between the
UnirTep States OF AMERICA
and Iran

Supplementing the agreement of
September 17 and 21, 1957

r Effected by Exchange of Notes
Signed at Tehran March 12, 1970



5

Translation

MINISTRY FOR FOREIGN AFFAIRS
No. 2370/28364 30 SHawrivar 1336 [']

Mr. AMBASSADOR:

I have the honor to acknowledge the receipt of Your Excel-
lency’s note No. 1235 dated September 17, 1957, which is exactly
quoted hereinbelow:

{For the English language text of the note, see ante, p. 1.]

On behalf of the Imperial Government, in conformity with the
Law Relating To Investment of Private American Capital voted
July 18, 1957 (Tirmah 27, 1336), I accept the contents of this
note which constitute an agreement on this subject between the
two Governments.

I avail myself of this opportunity to renew the assurances of
mv highest consideration.

For the Foreign Minister:
Mosureq-Kasemi
His Excellency
SeLpen CHAPIN
Ambassador of the United States
of America.

‘Sept. 21, 1957

TIAS 3913 ~

U.S GOVERNMENT PRINTING OFFICE 1857 @--97677


4

Stilye GS sarlygls e yl Wh yals pew delepe pay ates ales
+ euSaale SLI staal lal yuh

alse pSyls ad Jole Gilyyls Lobe sole eben Gb sy thas
oe GSS lp spe Phill See eth ail Gels uy,
opt one

yt Bhi LS I Sob Ie il uSLe label tthe al yey are
i abe oly tla sk lt lee day Sods gli!
+ Be ll dy tere pte uty a Ladd

Tapes MLS Led ip lla ke ale catlaal dey Qubjlalsiilaget
SL aS opt Glee be oley boyy agi Gh y alee ado G byl
eS ek lye eye IU ITT ele TY epee IL AS ee
ttabte Ub ttlee othe or grte urbe slelsiil. Jin,

valet paar tlic Ll aad spt aol abe

nor ns ole

3Y

om oF gt thie
Bipleud ay SaSpin

TIAS 3915


IRAN

Guaranty of Private Investments

Agreement effected by exchange of notes
Signed at Tehran September 17 and 21. 1957:
Entered into force September 24, 1957.

The American Ambassador to the Iranian Minister for Foreign

Affairs
THE FOREIGN SERVICE
OF THE
UNITED STATES OF AMERICA
No, 1235 Tenran, September 17, 1957.
EXCELLENCY:

T have the honor to refer to conversations which have recently
taken place between the representatives of the two Governments
relating to guaranties authorized by Section 413 (b) (4) of the
Mutual Security Act of 1954 and to confirm the following under-
standings reached as a result of these conversations:

1. The Governments of Iran and the United States of America
shall. upon the request of either party, consult on related projects
proposed by nationals of the United States of America with regard
to which guaranties have been made or are being considered under
Section 413 (b) (4) of the Mutual Security Act of 1954.

2. The Government of the United States of America agrees pot
to guarantee any project unless it is approved by the Government
of Iran.

3. With respect to such guaranties which may be extended to
projects which are approved by the Government of Iran in accord-
ance with the purport of the aforesaid Section 413 (b) (4). the
Government of Iran agrees:

a. That if the Government of the United States of America
makes payment in United States dollars to any person under any
such guaranty, the Government of Iran shall recognize the
transfer to the United States of America of any right, title or
interest of such person in assets, currency, credits, or other prop-
erty on account of which such payment was made, and also the

ab TIAS 3913

< $1983 chy


3

The Iranian Minister for Foreign Affairs to the American Ambassador

qed ae
VFLA VE
=",
. ’
hires
oie stTCke
PLE VAY GULIT Ep Ve ght al yoy global
esi oen!

wy SET Le"

Sito sh dole Sybil S slab edly a pla Lail
er SN Sele getty VOY palin TH VY tye
DSS oe THIS SIS ag ero Jadae lily yhttt.T
ye Nelyaye sepet 6)! Sale Sl ecbe ttl gah 0
SL eS Gilsty oot dhe Se oedye yujlelpe bog,
1 AS abel eat Jobe lSids yt amiss

wlio Sa be pearly cdl Tse Lets a
vie elem oleledyy beg pTe ante eUlaayalds ole! gel
NE selena er VVOV She wal aii lye ages Sel ypley early
Shae al dole payee! Lela ola boll gle
husk tre othe olbote cll ory, alee ok
see al sell Joba ol stel

sl olebe CLT eyes pI Seb why sot
tbs tree GN Sa bee i epet plate Sa ae
habe LT Te ae dye oly! poled anys
Sle ila Vetboe lest oe IT gle getlyiye Ss aylye

he

TIAS 7146


2

ticipation of private enterprise in furthering the economic develop-
ment of Iran, the Government of the United States of America is pre-
pared to issue investment guaranties providing such coverage as may
be authorized by the applicable United States legislation for appro-
priate investments in activities approved by your Government pro-
vided that your Government agrees that the undertakings between our
respective Governments contained in the 1957 Agreement will be
applicable to all such guaranties.

3) It is understood that the provisions of the 1957 Agreement as
well as those of paragraph 2) above will apply solely to United States
private investors’ projects or activities in Iran approved by the Gov-
ernment of Iran for the purpose of being guaranteed by the Govern-
ment of the United States of America.

Upon receipt of a note from Your Excellency indicating that the
foregoing is acceptable to the Imperial Government of Tran, the Gov-
ernment ‘of the United States of America will consider that this note
and your reply thereto constitute an Agreement supplementing the
1957 Agreement between our two Governments on this subject: the
Agreement to enter into force on the date of your note in reply.

Accept, Excellency, the renewed assurances of my highest
consideration.

Dovetas MacArtuur II
His Excellency
ARpESHIR ZAHEDI.

Minister for Foreign Affairs,
Tehran.

TIAS 7146


TRAN

Investment Guaranties

Agreement supplementing the agreement of September 17 and 21,
1957.

Effected by exchange of notes

Signed at Tehran March 12, 1970;

Entered into force March 12, 1970.

The American Ambassador to the Iranian Minister for
Foreign Affairs

No. 175 Tenran, March 12, 1970

Excen.ency :

T have the honor to refer to the Agreement effected by exchange of
notes of Sept. 12 and 21. 1957 [71 relating to the gnaranty of private
investments in Iran by Tnited States investors, and to conversations
which have recently taken place between the representatives of our two
governments for the purpose of providing reciprocal investment guar-
anties for private investors in either of our two countries by either of
our two governments.

In this respect, I have the honor to confirm the following under-
standing reached as a result of these conversations:

1) The Government of the United States of America agrees that.
with respect to the investments of Iranian nationals made within the
territorial jurisdiction of the United States of America, equivalent
conditions, terms and provisions as are applicable in the 1957 Agree-
ment and this exchange of notes with respect to investments from the
United States made in Iran. will apply. Upon the request: of the Goy-
ernment of Iran. our two Governments shall exchange notes as to the
implementation of this paragraph.

2) As to private investments in Iran by United States investors, it
is reiterated that, in the interest of fac ilitating and increasing the par-

* Should read “Sept. 17 and 21, 1957". TIAS 3913 ; 8 UST 1599.

65-897 O—71 a) TIAS 7146