2. The term "most-favored-nation treatment" means the treatment accorded in the territories of either Party under conditions no less favorable than the treatment accorded therein in similar circumstances to nationals, companies, products, Ships or other objects, as the case may be, from any third country.
3. As used in this Agreement, the term "companies" means corporations, companies, companies and other associations, whether or not they are limited liability companies and whether or not for profit. Companies incorporated under the laws and regulations applicable in the territories of either Party shall be held by companies of the same and their legal status shall be recognized in the territories of the other Party.
4. National treatment granted in accordance with the provisions of this Treaty to Nicaraguan companies shall be, in any State, Territory or possession of the United States of America, the treatment accorded thereto to companies incorporated or organized in other States, Territories and possessions of the United States of America.
Article XXIII.
The territories to which this Treaty refers shall include all areas of land and sea that are under the sovereignty or authority of each Party, with the exception of the Panama Canal Zone and the Territory of the Pacific Islands under guardianship.
Article XXIV.
1. Each Party shall give amicable consideration to representations which the other Party may make to it on any matter affecting the application of this Treaty and shall afford the other Party an opportunity for consultation.
2. Any dispute between the Parties concerning the interpretation or application of this Treaty which is not satisfactorily settled through diplomatic channels shall be submitted to the International Court of Justice unless the Parties agree to settle it by some other peaceful means.
Article XXV.
1. This Treaty shall be ratified and ratifications shall be exchanged in Managua, D. N. as soon as possible.
3. It is understood that Article V, paragraph 2, does not require a Party to execute an arbitral award that is contrary to public policy.
4. The provisions of Article VI, paragraph 4, relating to expropriation compensation shall apply to interests directly or indirectly held by nationals and companies of either Party in goods expropriated in the territories of the other Party.
5. With respect to paragraph 4 of Article VII, either Party may require that the rights to engage in mining in public domain lands shall depend on the existence of reciprocity.
6. The term "public service enterprise" used in paragraph 2 of Article VII includes companies engaged in providing communication, water, transport, bus, truck or rail services, or in the manufacture and distribution of gas Or electricity to the general public.
7. The provisions of subsections (o) and (c) of paragraph 2 of Article XVII, and of paragraph 4 of Article XIX, shall not apply to postal services.
8. The provisions of paragraph 2 of Article XXI shall apply in the case of Puerto Rico, notwithstanding any changes that may occur in its political state.
9. Article XXIII shall not apply to territories under the authority of either Party only as military bases or because of temporary military occupation.
Conclusion
In faith of which the respective Plenipotentiaries sign this Protocol and stamp it with their seals.
Done in duplicate, in the English and Spanish languages, both copies of equal authenticity, in Managua, D. N., on the twenty-first day of January, one thousand nine hundred and fifty-six.
Thomas E. Whelan
Ambassador Extraordinary and Plenipotentiary of the United States of America [seal]
Oscar Sevilla Sacasa
Minister of Foreign Affairs [seal]