Guv, the regulations may appear to be black and white, but we all know that nothing in aviation is that clear cut. If there's a will, there's a way. After all, how do the yanks fly in and around Europe, in US registered a/c, without ever seeing stateside. It's just that they're called UPS and Fedex and have money and influence! And please don't tell me they aren't allowed to do it and therefore don,t, I've been flying freight for 6+ years and I know they do.