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of <h1>International Traffic Profits Taxable Only in Resident State; Includes Rentals and Interest, Excludes Article 11 Application.</h1> Profits from operating ships and aircraft in international traffic are taxable only in the enterprise's resident contracting state. 'Profits' include income from renting ships, aircraft, and related containers if incidental to the enterprise's main operations. These provisions also cover profits from participation in pools, joint businesses, or international agencies. Interest on funds related to these operations is considered part of the profits, excluding Article 11's application. 'Operation of ships and aircraft' encompasses transportation of passengers, mail, livestock, or goods by owners, lessees, or charterers, including ticket sales and incidental leasing activities.
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