Common use of Proceedings of Arbitration Clause in Contracts

Proceedings of Arbitration. In the event that the Parties hereto do not agree to settle a dispute according to Paragraph 1 of this Article 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 herein, such dispute shall be submitted to arbitration in London subject to the rules of the London Maritime Arbitrators Association. Each Party shall appoint an arbitrator and the two arbitrators so appointed shall appoint a third arbitrator (together to “Arbitration Board”). If the two arbitrators are unable to agree upon a third arbitrator within twenty (20) days after appointment of the second arbitrator, either of the said two arbitrators may apply to the President for the time being of the London Maritime Arbitrators Association to appoint the third arbitrator. Such arbitration shall be in accordance with and subject to the provisions of the English Arbitration Act 1996 or any statutory modification or re-enactment thereof for the time being in force. Either Party may demand arbitration of any such dispute by giving notice to the other Party. Any demand for arbitration by either of the Parties hereto shall state the name of the arbitrator appointed by such Party shall also state specifically the question or questions as to which such Party is demanding arbitration. Within fourteen (14) days after receipt of notice of such demand for arbitration, the other Party shall in turn appoint a second arbitrator and give notice in writing of such appointment to the Party demanding arbitration. If a Party fails to appoint an arbitrator as aforementioned within fourteen (14) days following receipt of notice of demand for arbitration by the other Party, the Party failing to appoint an arbitrator shall be deemed to have accepted and appointed, as its own arbitrator, the arbitrator appointed by the Party demanding arbitration shall proceed before this sole arbitrator who alone in such event shall constitute the Arbitration Board. The award of the Arbitration Board shall be final, conclusive and binding upon the Parties hereto.

Proceedings of Arbitration. In the event that the Parties parties hereto do not agree to settle a dispute according to Paragraph 1 of this Article and/or in the event of any other dispute of any kind whatsoever between the Parties parties and relating to this Contract or its rescission or any stipulation herein, such dispute shall be submitted to arbitration in London subject to the rules of the London Maritime Arbitrators AssociationLondon. Each Party party shall appoint an arbitrator and the two arbitrators so appointed shall appoint a third arbitrator (together to “Arbitration Board”)an Umpire. If the two arbitrators are unable to agree upon a third arbitrator an Umpire within twenty Twenty (20) days after appointment of the second arbitrator, either of the said two arbitrators may apply to the President for the time being of the London Maritime Arbitrators Association to appoint the third arbitratorUmpire, and the two arbitrators and the Umpire shall constitute the Arbitration Board. Such arbitration shall be in accordance with and subject to the provisions of the English British Arbitration Act 1996 1979, or any statutory modification or re-enactment thereof xxxxxxx for the time being in force. Either Party party may demand arbitration of any such dispute by giving notice to the other Partyparty. Any demand for arbitration by either of the Parties parties hereto shall state the name of the arbitrator appointed by such Party party and shall also state specifically the question or questions as to which such Party party is demanding arbitration. Within fourteen within Fourteen (14) days after receipt of notice of such demand for arbitration, the other Party party shall in turn appoint a second arbitrator and give notice in writing of such appointment to the Party party demanding arbitration. If a Party party fails to appoint an arbitrator as aforementioned within fourteen Fourteen (14) days following receipt of notice of demand for arbitration by the other Partyparty, the Party party failing to appoint an arbitrator shall be deemed to have accepted and appointed, as its own arbitrator, the arbitrator appointed by the Party party demanding arbitration and the arbitration shall proceed before this sole arbitrator who alone in such event shall constitute the Arbitration Board. The award of the Arbitration Board shall be final, conclusive final and binding upon the Parties heretoon both parties.

Proceedings of Arbitration. In the event that the Parties parties hereto do not agree to settle a dispute according to Paragraph 1 of this Article and/or in the event of any other dispute of any kind whatsoever between the Parties parties and relating to this Contract or its rescission or any stipulation herein, such dispute shall be submitted to arbitration in London subject to the rules of the London Maritime Arbitrators AssociationLondon. Each Party party shall appoint an arbitrator and the two arbitrators so appointed shall appoint a third arbitrator (together to “Arbitration Board”)an Umpire. If the two arbitrators are unable to agree upon a third arbitrator an Umpire within twenty Twenty (20) days after appointment of the second arbitrator, either of the said two arbitrators may apply to the President for the time being of the London Maritime Arbitrators Association to appoint the third arbitratorUmpire, and the two arbitrators and the Umpire shall constitute the Arbitration Board. Such arbitration shall be in accordance with and subject to the provisions of the English British Arbitration Act 1996 1979, or any statutory modification or re-enactment thereof xxxxxxx for the time being in force. Either Party party may demand arbitration of any such dispute by giving notice to the other Partyparty. Any demand for arbitration by either of the Parties parties hereto shall state the name of the arbitrator appointed by such Party party and shall also state specifically the question or questions as to which such Party party is demanding arbitration. Within fourteen Fourteen (14) days after receipt of notice of such demand for arbitration, the other Party party shall in turn appoint a second arbitrator and give notice in writing of such appointment to the Party party demanding arbitration. If a Party party fails to appoint an arbitrator as aforementioned within fourteen Fourteen (14) days following receipt of notice of demand for arbitration by the other Partyparty, the Party party failing to appoint an arbitrator shall be deemed to have accepted and appointed, as its own arbitrator, the arbitrator appointed by the Party party demanding arbitration and the arbitration shall proceed before this sole arbitrator who alone in such event shall constitute the Arbitration Board. The award of the Arbitration Board shall be final, conclusive final and binding upon the Parties heretoon both parties.

Proceedings of Arbitration. In the event that the Parties parties hereto do not agree to settle a dispute according to Paragraph 1 of this Article and/or in the event of any other dispute of any kind whatsoever between the Parties parties and relating to this Contract or its rescission or any stipulation herein, such dispute shall be submitted to arbitration in London subject to the rules of the London Maritime Arbitrators AssociationLondon. Each Party party shall appoint an arbitrator and in the event that they cannot agree, the two arbitrators so appointed shall appoint a third arbitrator (together to “Arbitration Board”)an Umpire. If the two arbitrators are unable to agree upon a third arbitrator an Umpire within twenty Twenty (20) days after appointment of the second arbitrator, either of the said two arbitrators may apply to the President for the time being of the London Maritime Arbitrators Association to appoint the third arbitratorUmpire, and the two arbitrators and the Umpire shall constitute the Board of Arbitration. Such arbitration shall be in accordance with and subject to the provisions of the English British Arbitration Act 1996 1979, or any statutory modification or re-enactment thereof re- enactmxxx xxxxeof for the time being in force. Either Party party may demand arbitration of any such dispute by giving notice to the other Partyparty. Any demand for arbitration by either of the Parties parties hereto shall state the name of the arbitrator appointed by such Party party and shall also state specifically the question or questions as to which such Party party is demanding arbitration. Within fourteen Fourteen (14) days after receipt of notice of such demand for arbitration, the other Party party shall in turn appoint a second arbitrator and give notice in writing of such appointment to the Party party demanding arbitration. If a Party party fails to appoint an arbitrator as aforementioned within fourteen Fourteen (14) days following receipt of notice of demand for arbitration by the other Partyparty, the Party party failing to appoint an arbitrator shall be deemed to have accepted and appointed, as its own arbitrator, the arbitrator appointed by the Party party demanding arbitration and the arbitration shall proceed before this sole arbitrator who alone in such event shall constitute the Arbitration Board. The award of the Arbitration Board arbitrators and/or Umpire shall be final, conclusive final and binding upon the Parties heretoon both parties.