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 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [61 STAr. August 14, 1947 [T. I.A. S. 1757] Mutual renuncia- tion of claims. 81 Stat., Pt. 2, p. 1401. Agreements and supplementary exchanges of notes between the United States of America and Italy respecting financial and economic rela- tions. Signed at Washington August 14, 1947; entered into force August 14, 1947. MEMORANDUM OF UNDERSTANDING Between the Government of the United States of America and the Government of Italy regarding settlement of certain wartime claims and related matters. As an integral part of the measures which are now being taken to restore normal financial and economic relations between our coun- tries, and as a step toward the economic stability of Italy, the Govern- ment of the United States of America and the Government of Italy have reached an understanding providing for mutual renunciation of claims and for related agreements, as follows: ARTICLE I RENUNCIATION OF CLAIMS BY ITALY OR ITALIAN NATIONALS 1. (a) In reaffirmation of and connection with Article 76 of the Treaty of Peace with Italy, dated at Paris February 10, 1947, the Government of Italy waives all claims of Italy of any description, arising directly out of the war or out of actions taken because of the existence of a state of war in Europe after September 1, 1939, against United States nationals or the Government of the United States of America, any of its agencies, or contractors or sub-contractors of, or licensees from the Government of the United States of America or its agencies. (b) The Government of Italy further discharges and agrees to save harmless the Government of the United States of America from any responsibility and liability for the processing, settlement and satisfaction of any such claims of Italian nationals. 2. (a) The Government of Italy waives any claims of Italy against the Government of the United States of America, its agencies or United States nationals arising out of actions with respect to ships under Italian registry and flag, including ships in which there is an Italian interest, between September 1, 1939 and the coming into force of the present Memorandum of Understanding, including claims with respect to the use of Italian ships for civilian or other passenger carriage. (b) The Government of Italy further discharges and agrees to save harmless the Government of the United States of America from any responsibility and liability for the processing, settlement and satisfaction of any such claims of Italian nationals. 3962

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