Objectives: To establish a South African Centre for Ivory Marketing (SACIM). Summary of provisions: The SACIM is created to establish, monitor and control a system for the marketing of ivory and other elephant products, as well as to manage their sale in the most optimum way (art. III). The Centre is also established, inter alia, to receive information on all aspects of elephant management and conservation, to make recommendations for the conservation of elephants and their habitats, and to assist in determining the optimum elephant populations in each member countries. Parties agree, inter alia, to take note of the Centre's recommendations, including trade restrictions, to market all their ivory exclusively through the Centre, and to provide the latter with national data pertaining to ivory and other elephant products (art. IV). Institutional mechanisms: A South African Centre for Ivory Marketing is established (art. II) as well as a Board of Management responsible for the control of its management and for its policy direction (art. V). A Director is to be appointed by the Board as chief executive of the Centre (art. VI). Two funds are to be created under the Agreement: a Capital Fund for the establishment and operation of the Centre (art. VII) and an Elephant Conservation Fund for the promotion of elephant conservation and management (art. VIII).