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What is called Bermuda formula ?

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What is called Bermuda formula ?

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I think it has to do with foreign air/cargo transport treaties between nations. See Below:

61 A. History of the U. S.Jtaly Air Transport Agreement of 1948 The Bermuda formula used in the Air Transport Agreement with Italy provides, briefly, ...

The United States--Italy Air Transport Arbitration: Problems of Treaty Interpretation and Enforcement
Paul B. Larsen
The American Journal of International Law, Vol. 61, No. 2 (Apr., 1967), pp. 496-520
doi:10.2307/2197051 Source(s): http://links.jstor.org/sici?sici=0002-93...
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