Common use of Disputes between the Contracting Parties concerning the interpretation Clause in Contracts

Disputes between the Contracting Parties concerning the interpretation. or Application of this Agreement 1. Any dispute concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. In the absence of rules through diplomatic channels, the dispute shall be submitted to a joint commission composed of representatives of both sides, which shall meet at the request of either party diligent and without undue delay. 3. If the Joint Commission cannot settle the dispute shall be submitted, at the request of either contracting party to an arbitral tribunal constituted for each individual case in the following way: Each Contracting Party shall appoint an arbitrator within two months from the date on which either Contracting Party has informed the other of its intention to submit the dispute to arbitration. Within two months after their appointment, the two arbitrators shall appoint by mutual agreement a national of a third State who will serve as the Chairman of the arbitral tribunal. If the time limits have not been made, either Contracting Party may invite the President of the International Court of Justice to make the appointment or the necessary appointments (s). If the President of the International Court of Justice is a national of either Contracting Party or of a State with which either Contracting Party does not maintain diplomatic relations or if he is otherwise prevented from exercising this function, the Vice-President of the International Court of Justice shall be invited to make the necessary appointments or appointment (s). 4. The Court thus constituted shall determine its own rules of procedure. Its decisions shall be taken by a majority of the votes; they shall be final and binding on the contracting parties. 5. Each Contracting Party shall bear the costs of its appointed arbitrator. The costs resulting from the appointment of the third arbitrator and costs of the Tribunal shall be borne in equal parts by the Contracting Parties.

Disputes between the Contracting Parties concerning the interpretation. or Application of this Agreement 1. Any dispute concerning the interpretation or application of this Agreement shall, if possible, be settled through diplomatic channels. 2. In the absence of rules through diplomatic channels, the dispute shall be submitted to a joint commission composed of representatives of both sides, which shall meet at the request of either party diligent and without undue delay. 3. If the Joint Commission cannot settle the dispute shall be submitted, at the request of either of the contracting party parties to an arbitral tribunal constituted for each individual case in the following way: Each Contracting Party shall appoint an arbitrator within two months from the date on which either Contracting Party has informed the other of its intention to submit the dispute to arbitration. Within two months after their appointment, the two arbitrators shall appoint by mutual agreement a national of a third State who will serve as the Chairman of the arbitral tribunal. If the time limits have not been made, either Contracting Party may invite the President of the International Court of Justice to make the appointment or the necessary appointments (s). If the President of the International Court of Justice is a national of either Contracting Party or of a State with which either Contracting Party contracting party does not maintain diplomatic relations or if he is otherwise prevented from exercising this function, the Vice-President of the International Court of Justice shall be invited to make the necessary appointments or appointment (s). 4. The Court thus constituted shall determine its own rules of procedure. Its its decisions shall be taken by a majority of the votes; they shall be final and binding on the contracting parties. 5. Each Contracting Party shall bear the costs of its appointed arbitrator. The costs resulting from the appointment of the third arbitrator and costs of the Tribunal shall be borne in equal parts by the Contracting Parties.