Common use of LAW APPLICABLE AND ARBITRATION Clause in Contracts

LAW APPLICABLE AND ARBITRATION. 13.1 This Contract and all other agreements and amendments pursuant and relating to this Contract shall be construed, interpreted and in all respects including those of product liability be governed by the Singapore Law. 13.2 Notwithstanding any translation of this Contract, Documents or any of the Annexes or Exhibits hereto into any other languages, the English wording shall prevail. 13.3 If any dispute arises between the parties hereto in regard to the design and/or construction of the Vessel, their machinery and equipment, and/or in respect of the materials and/or workmanship thereof, and/or thereon, or the Technical Specification or the Plans, the Parties may by mutual agreement refer the dispute to a classification society or to such other expert as may be mutually agreed between the parties hereto, and whose decision shall be final, conclusive, and binding upon the parties hereto. 13.4 In the event that the Parties hereto do not agree to settle a dispute according to Sub-Article 13.3 and/or in the event of any other dispute of any kind whatsoever between the parties and relating to this Contract or its rescission or any stipulation therein, such dispute etc, shall be submitted to arbitration under Sub-Article 13.5