Common use of Disputes between the contracting parties relating to the interpretation Clause in Contracts

Disputes between the contracting parties relating to the interpretation. Or Application of this Agreement 1. Any dispute relating to the interpretation or application of this Agreement shall be settled as far as possible through diplomatic channels. 2. In the absence of a settlement through diplomatic channels, the dispute shall be submitted to a joint commission consisting of representatives of the two Parties; this commission shall convene without undue delay at the request of the first party to take action. 3. If the joint commission cannot settle the dispute, the latter shall be submitted, at the request of either Contracting Party, to an arbitration court set up as follows for each individual case: Each Contracting Party shall appoint one arbitrator within a period of two months from the date on which either Contracting Party has informed the other Party of its intention to submit the dispute to arbitration. Within a period of two months following their appointment, these two arbitrators shall appoint by mutual agreement a national of a third State as chairman of the arbitration court. If these time limits have not been complied with, either Contracting Party shall request the President of the International Court of Justice to make the necessary appointment(s). If the President of the International Court of Justice is a national of either Contracting Party or of a State with which one of the Contracting Parties has no diplomatic relations or if, for any other reason, he cannot exercise this function, the Vice- President of the International Court of Justice shall be requested to make the 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 resulting from the appointment of its arbitrator. The expenses in connection with the appointment of the third arbitrator and the administrative costs of the court shall be borne equally by the Contracting Parties.

Disputes between the contracting parties relating to the interpretation. Or or Application of this Agreement 1. Any dispute relating to Disputes between the Contracting Parties concerning the interpretation or application of this Agreement shall be settled as far as possible through diplomatic channelsnegotiations or consultation. 2. In the absence of a settlement through diplomatic channelsnegotiations or consultations within three months, the dispute shall be submitted to a joint commission consisting of representatives of the two Parties; Tribunal established in accordance with this commission shall convene without undue delay at the request of the first party to take actionArticle. 3. If the joint commission cannot settle the dispute, the latter The Tribunal shall be submitted, at the request of either Contracting Party, to an arbitration court set up as follows constituted for each individual case: Each case in the following way. Within 60 days after receipt of a request for arbitration each Contracting Party shall appoint one arbitrator within a period member of two months from the date on which either Contracting Party has informed the other Party of its intention to submit the dispute to arbitrationTribunal. Within a period of two months following their appointment, these These two arbitrators shall appoint select by mutual agreement Agreement a national citizen of a third State as chairman who, on approval of the arbitration courttwo Contracting Parties, shall be appointed as a Chairman of the Tribunal ( hereinafter referred to as the “ Chairman ”). The Chairman shall be appointed within 60 days from the date of appointment of the latter of other two members of the Tribunal. 4. If these time limits the necessary appointments have not been complied withmade within the periods specified in paragraph 3 of this Article, either Contracting Party shall may request the President of the International Court of Justice to make the necessary appointment(sappointment (s). If the President of the International Court of Justice is a national citizen of either Contracting Party or of a State with which one on of the Contracting Parties has no diplomatic relations or if, for any other reason, he cancan not exercise this the said function, the Vice- President of the International Court of Justice shall be requested to make appointment(s) If the appointment(sVice- President of the International Court of justice is also prevented torn exercising the said function the member of the International Court of Justice next in seniority who is not a citizen of either Contracting Party shall be requested to make appointment (s). 45. The court thus constituted Tribunal shall determine its own rules of procedure. Its decisions shall be taken by a the majority of votes. The Tribunal shall decide disputes in accordance with this Agreement interpreted and applied in accordance with the votes; they applicable rules of international Law. Decisions of the Tribunal shall be final and binding on the Contracting PartiesPartes. 56. Each Contracting Party shall bear the costs resulting from the appointment cost of its arbitratorrepresentation in the arbitral proceedings. The expenses in connection with the appointment of the third arbitrator and the administrative costs of the court Tribunal shall be borne paid equally by the Contracting Parties. The Tribunal, however, may decide that a higher proportion of these costs shall be borne by one of the Contracting Parties.