Request for incentives grants

(a) Any CRUISE OWNER interested in obtaining an incentive pursuant to the Special Funds for the Cruise Ship Lines Incentives in Puerto Rico Act, shall designate an authorized official that will act on behalf of the CRUISE OWNER to request, coordinate and foresee the faithful performance of this Regulation. The CRUISE OWNER shall file an initial application with the Company through such authorized official on or before July 31st of every fiscal year for which the incentives will be requested. The form of such initial application will be produced by the Company and will require the identity information of the CRUISE OWNER and its authorized official, the corporate resolution that entitles such representation, the certifications and authorizations provided in the section 2.3 of this Regulation, any other relevant information for the full compliance of the purposes of this Regulation, and a commitment of the CRUISE OWNER according to Article 6 of the Code of Ethics for Contractors, Suppliers of Goods and Services and Financial Incentives Applicants of the Executive Agencies of the Commonwealth of Puerto Rico, established by virtue of Act No. 84, enacted on June 18, 2002, provided however, that the documents required by Act No. 84 will not be necessary if the CRUISE OWNER is a foreign corporation that does not engage in any trade or business in Puerto Rico and has not engaged in any trade or business in Puerto Rico for the past five (5) years. In this case, the CRUISE OWNER must submit a Sworn Statement to that effect with the requirements established by the Company in its Sworn Statement Model. (b) In order to properly produce all the disbursements provided for in this Regulation, the request for any incentive grant shall be submitted by the CRUISE OWNER to the Company by an original invoice requesting the payment with the supporting documentation required by this Regulation. Such invoices shall be certified and signed in original by the authorized official of the CRUISE OWNER and shall be furnished at the Company no later than thirty (30) days after the end of the fiscal year of the invoicing period. (c) The Executive Director of the Company or its authorized representative shall evaluate any invoice and supporting documentation submitted by the CRUISE OWNER and shall approve the same for timely payment upon the terms of this Regulation.