Common use of Settlement of Disputes between the Contracting Parties Clause in Contracts

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channels. 2. In the event that such disputes cannot be settled within three months from the date of written request by either Contracting Party, they shall, at the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will be constituted as follows: within two months from the date of receipt of the request for arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, a national of a third State. The President will be appointed within three months from the date of appointment of the two aforementioned members. 4. If within the time limits referred to in paragraph 3 of this Article the appointments have not been made, either of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent Court of Arbitration at The Hague to make them. If he is a national of one of the Contracting Parties or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national of one of the Contracting Parties shall be invited to do so. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its participation in the arbitral proceedings. The expenses for the President and the remaining expenses shall be borne by the two Parties in equal measure. The Arbitral Tribunal shall establish its own rules of procedure.

Settlement of Disputes between the Contracting Parties. (1. ) Disputes between the Contracting Parties concerning regarding the interpretation and or application of the provisions of this Agreement shall, as far as possible, shall be settled amicably through diplomatic channels. (2. In the event that such disputes ) If both Contracting Parties cannot be settled reach an agreement within three twelve months from after the date beginning of written request by either Contracting Partythe dispute between themselves, they the dispute shall, at the upon request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3three members. The Arbitral Tribunal will be constituted as follows: within two months from the date of receipt of the request for arbitration, each Each Contracting Party will shall appoint one member of the Tribunal. These arbitrator, and these two members will then select, as President, arbitrators shall nominate a national chairman who shall be a citizen of a third State. The President will be appointed within three months from the date of appointment of the two aforementioned members. 4. (3) If within the time limits referred to in paragraph 3 of this Article the appointments have not been made, either of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent Court of Arbitration at The Hague to make them. If he is a national of one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party to make that appointment within two months, the arbitrator shall be appointed upon the request of that Contracting Party by the President of the International Court of Justice. (4) If both arbitrators cannot reach an agreement as concerns the choice of the chairman within two months after their appointment. The latter shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice. (5) If, in the cases specified under paragraphs (3) and (4) of this Article, the President of the International Court of Justice is prevented from carrying out the said function or if it he is not possible for him to accept a citizen of either Contracting Party, the appointment, a request will appointment shall be made to by the Vice President Vice-President, and if the latter is prevented or if he is a citizen of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national citizen of one of either Contracting Party. (6) Subject to other provisions made by the Contracting Parties Parties, the tribunal shall be invited to do sodetermine its procedure. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding. (7) Each Contracting Party shall bear the costs cost of the arbitrator it has appointed and of its own arbitrator and the costs of its participation in representation m the arbitral proceedings. The expenses for cost of the President chairman and the remaining expenses costs shall be borne in equal parts by the two Parties in equal measure. Contracting Parties. (8) The Arbitral Tribunal shall establish its own rules decisions of procedurethe tribunal are final and binding for each Contracting Party.

Settlement of Disputes between the Contracting Parties. 1. Disputes Any dispute arising between the Contracting Parties concerning in relation to the interpretation and application of this Agreement shall, shall as far as possible, possible be settled amicably through diplomatic channels. 2. In the event that such disputes the dispute cannot be settled within three six months from the date of written request by on which either Contracting PartyParty has given written notice to the other, they the dispute shall, at the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal as provided in accordance with the provisions of this Article. 3. The Arbitral Tribunal will shall be constituted as follows: within two months from the date of receipt of the request for arbitration, each Contracting Party will shall appoint one member of the said Tribunal. These two members will then select, as President, a national of a third State. The President will shall be appointed within three months from the date of appointment of the other two aforementioned members. 4. If the appointments have not been made within the time limits referred to specified in paragraph 3 of this Article the appointments have not been madeArticle, either of the two Contracting Parties may, in the absence of other Agreementsarrangements, request that the President of the Permanent International Court of Arbitration at The Hague to Justice make themthe appointments. If he the latter is a national of one of the Contracting Parties or if it he is not possible for him unable to accept the appointmentappointment for any reason, a the request will be made addressed to the Vice Vice-President of the Court who will make the appointmentCourt. If the Vice Vice-President is also a national of one of the Contracting Parties or it if he/she is not possible also unable, for him any reason, to accept the appointment, the oldest invitation shall be addressed to the most senior member of the Permanent International Court of Arbitration in The Hague Justice who is not a national of one of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding. Each of the Contracting Party Parties shall bear the costs of its own arbitrator and the costs those of its participation in representatives at the arbitral proceedingshearings. The expenses for the President and the remaining all other expenses shall be borne by the two both Parties in equal measureequally. The Arbitral Tribunal shall will establish its own rules of procedure.procedures

Settlement of Disputes between the Contracting Parties. 1. Disputes Any dispute arising between the Contracting Parties contracting parties concerning the interpretation and or application of this Agreement delpresente Convention shall, as far as if possible, be settled amicably by the Contracting Parties through diplomatic channels. 2. In the event that such disputes If a dispute cannot be settled in this way within three months from six months, the contadodesde date in which one of written request by either the Contracting Party, they shall, at Parties to the request of either Contracting Partydispute has been notified to the other party, be submitted to an ad hoc arbitral tribunal in accordance with at the provisions request of this Articleone of the Contracting Parties. 3. The Arbitral Tribunal will arbitral tribunal shall be constituted as follows: within two months from the date of receipt of the request for arbitration, each ad hoc manner. Each Contracting Party will shall appoint one member of the Tribunal. These and these two members will then select, shall agree to choose as President, president is a national of a third StateState who shall be appointed by the contracting parties. The President will members shall be appointed within two months and the Chairman within three months from after a Contracting Party has notified the date of appointment of other that it wishes to submit the two aforementioned membersdispute to an arbitral tribunal. 4. If within the time limits referred to periods specified in paragraph 3 of this Article the appointments have (3) should not been madeobserved, either of the Contracting Parties may, and in the absence of any other Agreementsagreement, request each States may invite the President of the Permanent International Court of Arbitration at The Hague Justice to make the necessary appointments. If the President is a national of either Contracting Party or otherwise prevented is found to make such appointments shall be made by the Vice- President make them. If he the Vice-President is also a national of one of the Contracting Parties contracting parties or if it he is not possible for him to accept found also prevented from carrying out the appointmentsaid appointments shall do so, a request will be made to the Vice President member of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration next in The Hague who seniority and is not a national of one of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal arbitral tribunal shall decide reach its decisions by a majority vote and its of votes. The decisions shall be final and binding. Each Contracting Party shall bear the costs incurred in the exercise of its own arbitrator and arbitrator, as well as the costs of for its participation representation in the arbitral proceedings. The expenses for cost of the President Chairman and the remaining expenses costs shall be borne in equal parts by the two Parties in equal measurecontracting parties. The Arbitral Tribunal arbitral tribunal shall establish determine its own rules of procedure.

Settlement of Disputes between the Contracting Parties. (1. ) Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shall, as far as possible, the agreement shall - if possible - be settled amicably through diplomatic channelsnegotiations between the governments the Contracting Parties. (2. In the event that such disputes ) If a dispute cannot thus be settled within three months six months, from the date start of written request by either Contracting Partythe negotiations, they shall, at it shall upon the request of either Contracting Party, Parties be submitted to an ad hoc arbitral tribunal Arbitral Tribunal in accordance with the provisions of this Articlearticle. (3. ) The Arbitral Tribunal will shall be constituted as follows: within for each individual case in the following way. Within two months from of the date of receipt of the request for arbitration, each Contracting Party will shall appoint one member of the Tribunal. These two members will shall then select, as President, select a national of a third State, who on approval of the two Contracting Parties shall be appointed Chairman of the Tribunal. The President will Chairman shall be appointed within three months from the date of appointment of the other two aforementioned members. (4. ) If within the time limits referred to periods specified in paragraph 3 (3) of this Article article the necessary appointments have not been made, a request may be made by either Contracting Parties to the president of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent international Court of Arbitration at The Hague Justice to make themsuch appointments. If he is happens to be a national of one of the either Contracting Parties or if it he is not possible for him otherwise prevented from discharging the said function, the vice - president shall be invited to accept the appointment, a request will be made to the Vice President of the Court who will make the appointmentappointments. If the Vice President is vice - president also happens to be a national of one of either Contracting Party or prevented from discharging the Contracting Parties or it is not possible for him to accept the appointmentsaid function, the oldest member of the Permanent International Court of Arbitration Justice next in The Hague the seniority who is not a national of one of the either Contracting Parties shall be invited to do somake the appointments. (5. ) The Arbitral Tribunal shall decide determine its own procedure and shall reach its decision by a majority vote and its decisions of votes. Such decision shall be bindingfinal and binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of its own arbitrator and the costs of its participation Counsel in the arbitral proceedings. The expenses for ; the President cost of the Chairman and the remaining expenses costs shall be borne by the two Parties in equal measure. The Arbitral Tribunal shall establish its own rules of procedureparts by both Contracting Parties.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning regarding the interpretation and or application of the provisions of this Agreement shall, as far as possible, shall be settled amicably through diplomatic channelsconsultation or negotiation. 2. In the event that such disputes If both Contracting Parties cannot be settled reach an agreement within three six months from after the date beginning of written request by either Contracting Partythe dispute between themselves, they the latter shall, at the upon request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Articlethree members. Each Contracting Party shall appoint on arbitrator, and these two arbitrators shall nominate a chairman who shall be a citizen of a third State. 3. The Arbitral Tribunal will be constituted as follows: If one of the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party to make that appointment within two months from months, the date arbitrator shall be appointed upon the request of receipt that Contracting Party by the President of the request for arbitration, each Party will appoint one member International Court of the Tribunal. These two members will then select, as President, a national of a third State. The President will be appointed within three months from the date of appointment of the two aforementioned membersJustice. 4. If within both arbitrators cannot reach an agreement about the time limits referred to in paragraph 3 of this Article the appointments have not been made, either choice of the chairman within two months after their appointment, the latter shall be appointed upon the request of either Contracting Parties may, in the absence of other Agreements, request Party by the President of the Permanent International Court of Arbitration at The Hague to make themJustice. 5. If If, in the cases specified under paragraphs (3) and (4) of this Article, the President of the International Court of Justice is prevented from carrying out the said function or if he is a national citizen of one of either Contracting Party, the Contracting Parties appointment shall be made by the Vice-President, and if the later is prevented or if it he is not possible for him to accept a citizen of either Contracting Party, the appointment, a request will appointment shall be made to by the Vice President most senior Judge of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national citizen of one of either Contracting Party. 6. Subject to other provisions made by the Contracting Parties Parties, the tribunal shall be invited to do sodetermine its procedure. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding7. Each Contracting Party shall bear the costs cost of the arbitrator it has appointed and of its own arbitrator and the costs of its participation representation in the arbitral proceedings. The expenses for cost of the President chairman and the remaining expenses costs shall be borne in equal parts by the two Parties in equal measureContracting Parties. 8. The Arbitral Tribunal shall establish its own rules decisions of procedurethe tribunal are final and binding for each Contracting Party.

Settlement of Disputes between the Contracting Parties. 1. Disputes Controversies arising between the Contracting Parties concerning on the interpretation and application of this Agreement shall, as far as possible, be settled amicably through made by diplomatic channelsmeans. 2. In the event that such disputes cannot be settled made within three six months from of the date on which either of the Contracting Parties has made a written request by either to the other Contracting Party, they shall, at the request of either one of the Contracting PartyParties, be submitted submit to an ad hoc arbitral tribunal Arbitral Tribunal " Hoc "in accordance with the provisions of this Article. 3. The Arbitral Tribunal will shall be constituted as follows: within two months from the date of receipt of the request for arbitration, each Party will of the two Contracting Parties shall appoint one a member of the Tribunal. These The two members will then select, be appointed as President, a national President of a third StateThird Country Citizen. The President will Chairman shall be appointed within three months from of the date of appointment of the two aforementioned members. 4. If within the time limits referred to terms set out in paragraph 3 of this Article Article, the appointments have not yet been made, either each of the two Contracting Parties mayParties, in the absence of other Agreementsdifferent agreements, may request their execution to the President of the Permanent International Court of Arbitration at The Hague to make themJustice. If he is a national of one of the Contracting Parties contracting parties, or if for any reason, it is not possible for him to accept proceed with the appointment, a request will be made to the Vice President of the Court who will make Court. In the appointment. If event that the Vice President of the Court is a national citizen of a Contracting Party, or for any reason cannot make the appointments, you will be invited to provide the senior member of the International Court of Justice who is not a citizen of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national of one of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal shall will decide by majority vote and its decisions shall will be binding. Each The two Contracting Party Parties shall bear the costs of its own arbitrator their arbitration and those of their representatives at the costs of its participation in the arbitral proceedingshearings. The expenses for the President and the remaining expenses shall be borne by divided equally between the two Parties in equal measureContracting Parties. The Arbitral Tribunal shall will establish its own rules of procedure.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning relating to the interpretation and application of this Agreement shall, as far as wherever possible, be settled amicably through by amicable diplomatic channelsrelations. 2. In the event that such disputes cancan not be settled within three months from after the date on which one of written the Contracting Parties has submitted the request by either Contracting Partyin writing, they shall, shall be submitted at the request of either one of the Contracting Party, be submitted to Parties before an Arbitral Tribunal ad hoc arbitral tribunal Hoc in accordance with the provisions of this Article. 3. The Arbitral Tribunal will shall be constituted composed as follows: within two months from of the date of receipt of on which the request for arbitrationarbitration is received, each Contracting Party will appoint one shall designate a member of the Tribunal. These two members will then select, elect as President, President a national citizen of a third State, having diplomatic relations with the countries of both Contracting Parties. The President will shall be appointed within three months from the date of appointment nomination of the two aforementioned members.members mentioned above 4. If If, within the time limits referred to terms established in paragraph section 3 of this Article the appointments article, nominations have not yet been made, either each of the two Contracting Parties may, in the absence of other Agreementsagreements, request the President of the Permanent International Court of Arbitration at The Hague to make themJustice, Which has been carried out. If he In the event that the latter is a national citizen of one of the Contracting Parties or if it is not possible for him to accept the appointmentposition, a request will be made to the Vice Vice-President of the Court who will shall be requested to make the appointmentnomination. If In the Vice event that the Vice-President is a national citizen of one of the Contracting Parties or it is not possible for him unable to accept this position, it shall be extended to the appointment, the oldest member of the Permanent International Court of Arbitration in The Hague Justice, who is not a national citizen of one of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal shall decide by majority vote of votes and its decisions shall be binding. Each Contracting Party shall bear the costs expenses of its own arbitrator and the costs those of its own participation in the arbitral proceedings. The expenses for costs to the President and the remaining expenses shall be borne by the two Parties both parties in equal any measure. The Arbitral Tribunal arbitrator shall establish its own rules of procedureprocedure and apply the substantive law of. The country receiving the investment. The arbitral award is final and binding on the parties to the dispute.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shall, as far as to the extent possible, be settled amicably through by diplomatic channelsmeans. 2. In the event that such If disputes cancan not be settled within three months from of the date on which one of the two Contracting Parties submitted a written request by either Contracting Partyrequest, they shall, shall at the request time of either application to one of the two Contracting Party, be submitted to Parties submit an ad hoc arbitral tribunal tribunal, in accordance with the provisions of this Article. 3. The Arbitral Tribunal will arbitral tribunal shall be constituted as follows: each of the Contracting Parties shall appoint a member of the Tribunal within a period of two months starting from the date of receipt of the request for arbitration. Subsequently, each Party will appoint one member of the Tribunal. These two members will then selectchoose a third-country national, who will assume office as President, a national of a third State. The President will Chairman shall be appointed within three months from the date of appointment the designation of the other two aforementioned members. 4. If designations have not been made within the time limits referred to limit provided for in paragraph 3 of this Article the appointments have not been madeArticle, either each of the two Contracting Parties may, in the absence of other Agreementsagreements, request that they be made by the President of the Permanent International Court of Arbitration at The Hague to make themJustice. If he is a national citizen of one of the Contracting Parties Parties, or if it is not possible impossible for him to accept this assignment for other reasons, the appointment, a request Vice-President will be made invited to the Vice President of the Court who will make the appointmentdo so. If the Vice Vice-President is also a national citizen of one of the two Contracting Parties or it if he is not possible for him also unable to accept the appointmentit, the oldest member of the Permanent International Court of Arbitration Justice who follows in The Hague seniority, and who is not a national citizen of one of the either Contracting Parties Party shall be invited to do so. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be bindingof a mandatory nature. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its relating to his participation in the arbitral arbitration proceedings. The expenses for relating to the President and the remaining all other expenses shall be borne by fairly divided between the two Parties in equal measureParties. The Arbitral Tribunal shall will establish its own rules of procedureprocedures.

Settlement of Disputes between the Contracting Parties. 1. Disputes All disputes which may arise between the Contracting Parties concerning the interpretation and application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsconsultation. 2. In the event that such disputes If a dispute cannot be settled within three months from the date of written request by either Contracting Partyfor settlement, they shallit shall be, at upon the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Articletribunal. 3. The Arbitral Tribunal will arbitral tribunal shall be constituted as follows: within two months from of the date of receipt of the request for arbitration, each Contracting Party will shall appoint one member of to the Tribunalarbitral tribunal. These Those two members will shall then select, as President, select a national of a third Statecountry who, on approval of the Contracting Parties, shall be appointed Chairman of the tribunal. The President will Chairman shall be appointed within three two months from the date of appointment of the other two aforementioned members. 4. If the appointments are not agreed upon within the time limits referred to period stipulated in paragraph 3 of this Article the appointments have not been madeArticle, either of the Contracting Parties may, in the absence of other Agreements, request Party may invite the President of the Permanent International Court of Arbitration at The Hague to make them. If he is a national of one of the Contracting Parties or if it is not possible for him to accept the appointmentJustice to, a request will be made to the Vice President of the Court who will within three months, make the appointmentappointments. If In the Vice event that the President is a national of one either Contracting Party, or is otherwise prevented from performing the said function, the Vice-President shall be invited to make the appointments. If the Vice-President is a national of either Contracting Party or is prevented from performing the said function, the Member of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent International Court of Arbitration Justice next in The Hague seniority who is not a national of one of the either Contracting Parties Party shall be invited to do somake the appointments. 5. The Arbitral Tribunal arbitral tribunal shall decide reach its decision by a majority vote of votes and its decisions shall be final and binding. Each Contracting Party shall bear cover the costs of its own arbitrator member of the tribunal and the costs of its participation representation in the arbitral proceedings. The expenses for costs of the President Chairman and the remaining expenses costs shall be borne in equal parts by the two Parties in equal measureContracting Parties. The Arbitral Tribunal shall establish arbitral tribunal decides on its own rules of procedureprocedures.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shallshall be settled, as far as if possible, be settled amicably through diplomatic channelsby negotiation. 2. In If the event that such disputes candispute in accordance with paragraph 1 of this article can not be settled within three months from six (6) months, it will be submitted to the date of written request by either Contracting Party, they shall, arbitral tribunal at the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will Such an Arbitration Court shall be constituted established by the parties as follows: each of the Contracting Parties shall appoint one arbitrator, the two arbitrators shall agree on the candidacy of a third-country national for the post of chair of the court. Such arbitrators shall be appointed within two (2) months from the date of receipt by one of the request for arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, a national Contracting Parties of a third State. The President will be notice from the other Contracting Party of its intention to refer the dispute to an arbitral tribunal whose chairman is appointed within three months from the date of appointment of the next two aforementioned members(2) months. 4. If within the time limits referred to terms specified in paragraph 3 of this Article the appointments have article are not been madecomplied with, either of the any Contracting Parties mayParty, in the absence of other Agreementsany Other appropriate arrangement, request may apply to the President of the Permanent International Court of Arbitration at The Hague to make themJustice for the necessary appointment. If he the President of the International Court of the UN is a national of one of the either Contracting Parties Party or if it is not possible for other reasons prevent him from fulfilling the said function, he shall, with the request, address the Vice-President or, failing this, to accept the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent International Court of Arbitration in The Hague Justice of the United Nations who is not a national the next of one of his seniority on those Under the Contracting Parties shall be invited conditions to do somake the necessary appointments. 5. The court sets its own rules of procedure. 6. The Arbitral Tribunal shall decide take its decisions by virtue of this Agreement and in accordance with the rules of international law. Decisions will be made by majority vote and its decisions shall be are final and binding. 7. Each Contracting Party shall bear the costs of its own arbitrator member of the court and his legal representative during the costs of its participation in the arbitral arbitration proceedings. The Head costs and other expenses for the President and the remaining expenses shall will be borne by divided equally between the two Parties Contracting Parties. However, the court may, in equal measure. The Arbitral Tribunal shall establish its own rules decision, determine another allocation of procedurecosts.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shall, as far as wherever possible, be settled amicably through resolved by diplomatic channels. 2. In the event that If such disputes cana dispute can not be settled so resolved within three months from the date of written request by either Contracting Partysix months, they it shall, at the request of either any Contracting Party, be submitted referred to an ad hoc arbitral tribunal the Arbitral Tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will shall be constituted established for each individual case as follows: within . Within two months from the date of receipt after receiving an application for an arbitral award, each of the request for arbitration, each Party will Contracting Parties shall appoint one member of the Tribunalthis Court. These two members will shall then select, as President, elect a national citizen of a third State, who, after approval by the Parties, will be appointed Chairman of the Court (hereinafter referred to as the "Chairman"). The President chairman will be appointed within three months from the date of appointment of the other two aforementioned members. 4. If within If, during any of the time limits referred to periods specified in paragraph 3 of this Article Article, the necessary appointments have not been made, either of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent International Court of Arbitration at The Hague Justice will be invited to make themthe appointment of the Chairman. If it turns out that he is a national of one of the either Contracting Parties Party or if it is not possible for other reasons prevent him to accept from fulfilling the appointmentspecified function, a request will be made to the Vice President of the Court who will be invited to make the appointmentnecessary appointments. If it turns out that the Vice Vice-President is also a national of one a State of the Contracting Parties either Party or it is for other reasons can not possible for him to accept the appointmentperform this function, the oldest a member of the Permanent International Court of Arbitration in The Hague Justice, following a seniority who is not a national of one a State of the any Contracting Parties shall Party, will be invited to do so. Necessary appointments. 5. The Arbitral Tribunal shall will decide by a majority vote and its of votes. Such decisions shall be bindingbinding on each of the Contracting Parties. Each Contracting Party shall bear the costs of its own arbitrator members of the court and its representation in the arbitration proceedings; The costs of its participation in the arbitral proceedings. The expenses for the President and the remaining expenses Chairman shall be borne in equal parts by the two Parties in equal measureContracting Parties. The Arbitral Tribunal shall establish will determine its own rules of procedure.

Settlement of Disputes between the Contracting Parties. 1. Disputes Any dispute arising between the Contracting Parties concerning the interpretation and application of this Agreement shallshall be settled, as far as possible, be settled amicably through diplomatic channels. 2. In the event that such disputes canIf a dispute can not be settled within three six months from the date of on which either Contracting Party has submitted written request by either notice to the other Contracting Party, they shallthe dispute, at the request of either Contracting Party, be submitted to referred before an ad hoc arbitral tribunal in accordance with the provisions of Arbitral Tribunal, as required under this Article. 3. The Arbitral Tribunal will shall be constituted composed as follows: within two months from the date of receipt of the request for arbitration, each either Contracting Party will shall appoint one a member of the Tribunal. These The two members will then select, as President, choose a national of a third StateState who shall act as President. The President will Chairman shall be appointed within three months from the date of appointment of on which the other two aforementioned membersmembers were appointed. 4. If within If, during the time limits referred to period specified in paragraph 3 of this Article the appointments have not Article, will be no appointment has been made, either of the Contracting Parties mayParty, in the absence of other Agreementsarrangement, request the President of the Permanent International Court of Arbitration at The Hague Justice to make themthe appointment. If he the President of the Court is a national of one of the either Contracting Parties or if it Party or, for whatever reason, is not possible for him unable to accept make the appointment, a request will be made to apprised of the request, the Vice President of the Court. If the Vice President of the Court who will make the appointment. If the Vice President is a national of one of the either Contracting Parties or it Party or, for whatever reason, is not possible for him unable to accept make the appointment, the oldest member of the Permanent International Court of Arbitration Justice following in The Hague who seniority will invited to make the appointments, provided it is not a national of one of the either Contracting Parties shall be invited to do soParty. 5. The Arbitral Tribunal shall decide by majority vote vote, and its decisions shall decision will be binding. Each Both Contracting Party Parties shall bear pay the costs of the arbitration and to its own arbitrator and representative to the costs of its participation in the arbitral proceedingshearings. The costs related to the Chairman and all other expenses for the President and the remaining expenses shall will be borne shared equally by the two Parties in equal measureContracting Parties. The Arbitral Tribunal shall establish determine its own rules of procedureprocedures.

Settlement of Disputes between the Contracting Parties. 1. Disputes arising between the Contracting Parties concerning relating to the interpretation and or application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsby negotiation. 2. In the event that such disputes If a dispute cannot be settled under paragraph 1 of this article within three months from the date of written request by either Contracting Partysix months, they shallit shall be submitted, at the request of either Contracting Party, be submitted to an ad hoc a three-member arbitral tribunal in accordance with the provisions of this Articletribunal. 3. The Arbitral Tribunal will This arbitral tribunal shall be constituted ad hoc. Each Contracting Party shall appoint an Arbitrator, and both Arbitrators so appointed shall elect as follows: within two months from the date of receipt of the request for arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, their President a national of a third State. The President will arbitrators shall be appointed within three two months from the date on which one Contracting Party informs the other of appointment its intention to submit the dispute to an arbitral tribunal; the president of the court must be appointed within two aforementioned membersmore months. 4. If If, within the time limits referred to laid down in paragraph 3 of this Article Article, the necessary appointments have not been made, either of the Contracting Parties Party may, in the absence of any other Agreementsarrangement, request that the President of the Permanent International Court of Arbitration at The Hague to make themJustice the necessary designations. If he the President of the International Court of Justice is a national of one of the Contracting Parties or if it is not possible unable to perform this function for other reasons, the Vice-President, or in case of inhibition, the member of the International Court of Justice shall be urged. of Justice to follow him to accept in seniority in accordance with the appointment, a request will be made to the Vice President Rules of the Court who will to, under the same conditions, make the appointmentnecessary appointments. If the Vice President is The designated judge must be a national of one of a state that maintains diplomatic relations with the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national of one of the Contracting Parties shall be invited to do socontracting parties. 5. Unless the Contracting Parties decide otherwise, the arbitral tribunal shall establish its own procedure. 6. The Arbitral Tribunal arbitral tribunal shall decide make its decision under this Agreement in accordance with the rules of international law. The decision is taken by majority vote vote. The decision is final and its decisions shall be binding. 7. Each Contracting Party shall bear be responsible for the costs of its own arbitrator and the costs of for those related to its participation legal representation in the arbitral arbitration proceedings. The expenses for of the President and President, as well as the remaining expenses other expenses, shall be borne equally by the two Parties Contracting Parties. However, the court may determine in equal measure. The Arbitral Tribunal shall establish its own rules the award another distribution of procedurecosts.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and application of this Agreement shallshall be settled, as far as if possible, be settled amicably through diplomatic channelsnegotiations between the Contracting Parties. 2. In If the event that such disputes candispute referred to in paragraph 1 of this Article can not be settled between the Contracting Parties within three six months from the date one of written request by either the Contracting Parties has notified in writing to the other Contracting Party, they it shall, at the request of either one of the Contracting PartyParties, be submitted transferred to an ad hoc arbitral tribunal in accordance with the provisions of this ArticleArbitration Court. 3. The Arbitral Tribunal will arbitral tribunal referred to in paragraph 2 of this Article shall be constituted created on an ad hoc basis for each individual case as follows: within Within two months from the date of after receipt of the written request for arbitration, each Contracting Party will shall appoint one member of the Tribunalto this Court. These Within two members will then selectmonths, as Presidenteach member shall, by mutual consent, select a third arbitrator, a national citizen of a third State. The President , who, after approval by the Contracting Parties, will be appointed within three months from the date of appointment Chairman of the two aforementioned membersCourt. 4. If If, within the time limits referred to specified in paragraph 3 of this Article Article, the appointments have appointment is not been made, either of each Contracting Party will have the Contracting Parties mayopportunity, in the absence of any other Agreementsarrangement, request to invite the President of the Permanent International Court of Arbitration at The Hague Justice to make themthe necessary appointments. If he the President is a national citizen of one of the Contracting Parties, or if other reasons prevent him from fulfilling the specified function, the Vice-Chairman shall implement the necessary appointments. If it turns out that the Deputy Chairman is also a citizen of one of the Contracting Parties or if it is that he cannot possible for him to accept perform the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointmentspecified function, the oldest necessary appointments should be madea member of the Permanent International Court of Arbitration in The Hague Justice, following a seniority, who is not a national of one either of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal shall decide by majority vote and reach its decisions shall be bindingon the basis of the provisions of this Agreement, as well as on the basis of generally accepted norms of international law. The arbitral tribunal will make its decisions by a majority of votes. His decisions are final and binding on both Contracting Parties. The Arbitral Tribunal establishes its own dispute resolution procedure. 6. Each of the Contracting Party Parties shall bear the costs of its own arbitrator members of the court and the costs of its participation representation in the arbitral arbitration proceedings. The expenses for of the President Chairman and the remaining other expenses shall be borne by the two Parties in equal measureproportions by both Contracting Parties . The Arbitral Tribunal shall establish However, the Court may, by its own rules decision, determine another allocation of procedurecosts.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shallagreement should, as far as if possible, be settled amicably through consultations between the contracting parties or through diplomatic channels. 2. In If within six months from the event that such disputes cantime at which it was raised by either contracting party, the dispute is not settled, it shall be settled submitted, at the request of either contracting party to an arbitral tribunal. 3. The Tribunal shall be constituted for each individual case as follows: each Contracting Party shall appoint one member and these two Members shall designate by common agreement, a national of a third State who shall be appointed Chairman of the Tribunal by both contracting parties. All members shall be appointed within three two months from the date one Contracting Party has informed the other contracting party of written request by its intention to submit the dispute to arbitration. 4. If the periods specified in paragraph 3 above have not been made, either Contracting Party, they shallin the absence of any other agreement, invite the Secretary General of the United Nations to make the necessary appointments. If the Secretary-General is a national of either Contracting Party or if he is otherwise prevented from exercising this function, the Under-Secretary- General the oldest and who is not a national of either Contracting Party shall make the necessary appointments. 5. The arbitral tribunal shall reach its decisions by a majority of votes. Such decisions shall be final and enforceable automatically to the contracting parties. The tribunal shall determine its own rules of procedures. I will interpret the award at the request of either Contracting Party. Unless the Tribunal provides otherwise, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will be constituted as follows: within two months from the date of receipt light of the request for arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, a national of a third State. The President will be appointed within three months from the date of appointment of the two aforementioned members. 4. If within the time limits referred to in paragraph 3 of this Article the appointments have not been made, either of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent Court of Arbitration at The Hague to make them. If he is a national of one of the Contracting Parties or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointmentparticular circumstances, the oldest member expenses of the Permanent Court of Arbitration in The Hague who is not a national of one of the Contracting Parties shall be invited to do so. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its participation in the arbitral proceedings. The expenses for , including the President and business of the remaining expenses arbitrators shall be borne shared equally by the two Parties in equal measure. The Arbitral Tribunal shall establish its own rules of procedurecontracting parties.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shall, as so far as possible, be settled amicably through diplomatic channelsby negotiation. 2. In If the event that such disputes dispute cannot be settled within three six (6) months from the date of written request by either Contracting Partyon which a Party requests such a hearing in writing, they shall, at the request of either Contracting Party, dispute shall be submitted to an ad hoc arbitral tribunal (hereinafter referred to as the "arbitral tribunal") in accordance with the provisions of this Article. 3. The Arbitral Tribunal will Such an arbitral tribunal shall be constituted for each individual case as follows: within two (2) months from the date of receipt of the request for arbitration, each Party will shall appoint one member of the Tribunalarbitral tribunal. These The two members will shall then select, as President, select a national of a third StateState who, after approval by both Parties, shall be appointed Chairman of the arbitration panel. The President will Chairman shall be appointed within three four (4) months from the date of the appointment of the other two aforementioned members. 4. If the necessary appointments are not made within the time limits referred to laid down in paragraph 3 of this Article Article, and unless otherwise agreed, any Contracting Party may request the appointments have not been made, either appointment of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent International Court of Arbitration at The Hague to make them. If he is a national of one of the Contracting Parties or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the Court who will make the appointmentJustice. If the Vice President is a national of one of the Contracting Parties or it for other reasons is not possible for him unable to accept the appointmentperform this function, the oldest member of the Permanent International Court of Arbitration in The Hague Justice, who is not a national of one of the any Contracting Parties Party, shall be invited requested to do somake the necessary appointments. 5. The Arbitral Tribunal arbitral tribunal shall decide reach its decision by majority vote and its decisions vote. Such decision shall be bindingbinding on and final for both parties. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its participation representation in the arbitral arbitration proceedings. The expenses for costs of the President chairman and the remaining other expenses shall be borne by the two Parties in equal measureamounts by both parties. The Arbitral Tribunal However, the arbitral tribunal may, at its discretion, order that most or all of the costs be borne by one of the parties. In all other matters, the arbitral tribunal shall establish determine its own rules of procedure. 6. All questions relating to a dispute under paragraph 1 of this Article shall be settled in accordance with the provisions of this Treaty and the general principles of international law.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning relating to the interpretation and or application of the provisions of this Agreement shall, as far as possible, shall be settled amicably by negotiation through the diplomatic channelschannel. 2. In If the event that such disputes Contracting Parties cannot be settled reach an agreement within three six months from after the date beginning of written request by either Contracting Partythe dispute, they the matter shall, at upon the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions composed of this Article. 3three members. The Arbitral Tribunal will be constituted as follows: within two months from the date of receipt of the request for arbitration, each Each Contracting Party will shall appoint one member of the Tribunal. These arbitrator, and these two members will then selectarbitrators shall nominate a chairman, as President, who shall be a national of a third State. 3. The President will be appointed within three months from the date of appointment If one of the Contracting Parties has not appointed its arbitrator and has not responded to the invitation of the other Contracting Party to make that appointment within two aforementioned membersmonths, the arbitrator shall be appointed, upon the request of that Contracting Party, by the President of the International Court of Justice. 4. If within the time limits referred to in paragraph 3 of this Article two arbitrators cannot reach an agreement about the appointments have not been made, either choice of the chairman within two months after their appointment, the chairman shall be appointed, upon the request of either Contracting Parties mayParty, in the absence of other Agreements, request by the President of the Permanent International Court of Arbitration at The Hague to make themJustice. 5. If If, in the cases specified in paragraphs 3 and 4 of this article, the President of the International Court of Justice is prevented from carrying out the said function or if he or she is a national of one of either Contracting Party, the Contracting Parties appointments shall be made by the Vice-President, and if the latter is prevented from doing so or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President he or she is a national of one either Contracting Party, the appointments shall be made by the most senior judge of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national of one of the either Contracting Parties shall be invited to do soParty. 56. The Arbitral Tribunal arbitral tribunal shall decide reach its decision by a majority vote and its decisions shall be bindingof votes. Each Contracting Party shall bear the costs cost of its own arbitrator and the costs of its participation representation in the arbitral proceedings. The expenses for cost of the President chairman and the remaining expenses costs shall, in principle, be borne in equal parts by the Contracting Parties. 7. The tribunal shall determine its own procedures. 8. The decisions of the Tribunal shall be borne by final and binding on the two Parties in equal measure. The Arbitral Tribunal shall establish its own rules of procedureContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and application of this Agreement shall, as far as possible, be settled amicably by friendly consultations between the two Parties through diplomatic channels. 2. In the event that If such disputes dispute cannot be settled within three months from of the date of written request by on which either Contracting PartyParty notifies the other in writing, they it shall, at the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will shall be constituted as follows: within two months from the date of receipt of the request for arbitration, each Party will shall appoint one a member of the Tribunal. These The two members will shall then select, as President, choose a national of a third Third State, who shall act as President (hereinafter referred to as the President). The President will must be appointed within three months from the date of the appointment of the other two aforementioned members. 4. If within the time limits referred to in paragraph 3 of this Article Article, either Party has not appointed its .arbitrator or the appointments two arbitrators have not been madeagreed on the appointment. President, either of the Contracting Parties may, in the absence of other Agreements, a request may be made to the President of the Permanent International Court of Arbitration at The Hague Justice to make themhave the appointment made. If he is a national of one of the Contracting Parties or if it is not possible for him to accept perform this function, the appointment, a request will be made to the Vice Vice-President of the Court who will shall be asked to make the appointment. If the Vice President is also a national of one of the Contracting Parties or it is not possible for him to accept the appointmentperform this function, the oldest member of the Permanent International Court of Arbitration in The Hague Justice who follows by order of seniority and who is not a national of one of the Contracting Parties shall be invited to do somake the appointment. 5. The Arbitral Tribunal shall decide by majority vote vote, and its decisions shall be binding. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its participation own representation in the arbitral proceedings. The expenses two States shall bear the costs for the President and the remaining expenses shall be borne by the two Parties costs in equal measure. The Arbitral Tribunal shall establish its own rules of procedureparts.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and or application of this Agreement shall, as far as wherever possible, be settled amicably resolved through diplomatic channelsconsultations and negotiations. 2. In If the event that such disputes candispute can not be settled within three months from the date resolved in this manner for a period of written request by either Contracting Partysix months, they it shall, at the request of either Contracting Party, be submitted referred to an ad hoc arbitral tribunal the Arbitration in accordance with the provisions of this Article. 3. The Arbitral Tribunal will be constituted Arbitration is created for each individual case as follows: within . Within two months from the date of receipt of the request after receiving an application for arbitration, each Party will of the Contracting Parties shall appoint one member of the Tribunalthis Arbitration. These two members will then select, as President, elect a national Chairman who will be a citizen of a the third StateState with which the two Contracting Parties maintain diplomatic relations. The President chairman will be appointed within three months from the date of the last appointment of the other two aforementioned members. 4. If within the time limits periods referred to in paragraph 3 of this Article the appointments have above are not been madecomplied with, either of the any Contracting Parties Party may, in the absence of any other Agreementsappropriate arrangement, request invite the President of the Permanent International Court of Arbitration at The Hague Justice to make themthe necessary appointments. If he is a national of one of the either Contracting Parties Party or if it is not possible for other reasons prevent him to accept from fulfilling the appointmentspecified function, a request the Vice Chairman will be made invited to the Vice President of the Court who will make the appointmentnecessary appointments. If it turns out that the Vice President Vice-Chairman is a national of one of either Contracting Party or is also unable to perform the Contracting Parties or it is not possible for him to accept the appointmentspecified function, the oldest a member of the Permanent International Court of Arbitration in The Hague Justice, following a seniority who is not a national of one of the either Contracting Parties shall Party, will be invited to do somake the necessary appointments. 5. The Arbitral Tribunal arbitral tribunal shall decide by a majority vote of votes, and its decisions shall will be binding. Each Contracting Party shall bear the costs of its own arbitrator member of arbitration and the its representation in arbitration proceedings; The costs of its participation in the arbitral proceedings. The expenses for the President Chairman and the remaining expenses costs shall be borne by the two Parties in equal measureparts by both Contracting Parties. The Arbitral Tribunal shall establish Arbitration may determine any alternative cost sharing system. In relation to other matters, arbitration will determine its own rules of procedureprocedures.

Settlement of Disputes between the Contracting Parties. 1. Disputes between Any disputes arising out of the implementation or interpretation of this Agreement, or related to it, shall first be negotiated and resolved in a friendly manner. In the event of a disagreement, within six months, each Contracting Party may, subject to its respective laws and regulations, refer the matter to a three-member arbitral tribunal composed of two arbitrators appointed by each of the Contracting Parties concerning the interpretation and application a chairman appointed by agreement of this Agreement both Contracting Parties. If referred to arbitration, each Contracting Party shall, within sixty days of the date of recepipt of the notifice, appoint an arbitrator, an both parties shall appoint the chairman within sixty days from the date of the last appointment. If any Contracting Party does not appoint its arbitrator within the prescribed period, or there is an absence of agreement on the selection of the chairman, each of the parties may request the President of the International Court of Justice to appoint, as far the case may be, the arbitrator or the chairman, as possiblethe case may be. The arbitrator shall, be settled amicably through diplomatic channelsin any case, have the nationality of a country that has political relations at the time of the election with the Contracting Parties. 2. In cases where the event that such disputes canchairman must be appointed by the President of the International Court of Justice, if the President of the International Court of Justice is a national of any of the Contracting Parties, the abovementioned appointment shall be made by the Vice-President of the International Court of Justice, and if the Vice-President is also a national of one of the Contracting Parties, the appointment shall be made by a member of the Court who has not be settled within three months from the date nationality of written request by either any of the Contracting Party, they shall, at the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this ArticleParties. 3. The Arbitral Tribunal will be constituted as follows: within two months from shall, subject to the date of receipt of other provisions agreed by the request for Contracting Parties, determine the procedure and the place or arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, a national of a third State. The President will be appointed within three months from the date of appointment of the two aforementioned members. 4. If within the time limits referred to in paragraph 3 of this Article the appointments have not been made, either The decisions of the Contracting Parties may, in the absence of other Agreements, request the President of the Permanent Court of Arbitration at The Hague to make them. If he is a national of one of arbitration panel shall be binding on the Contracting Parties or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President is a national of one of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who is not a national of one of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its participation in the arbitral proceedings. The expenses for the President and the remaining expenses shall be borne by the two Parties in equal measure. The Arbitral Tribunal shall establish its own rules of procedure.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning Any dispute arising out of the interpretation and or application of this Agreement shall, shall be settled as far as possible, be settled amicably through diplomatic channelspossible by negotiation between the Parties. 2. In the event that such disputes cannot be settled within three If, after six months from the date beginning of written request by either Contracting Partythe negotiations, they the negotiations have not been successful, the matter shall, at the request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Articlearbitration. 3. The Arbitral Tribunal will Court of Arbitration referred to in paragraph 2 above shall be constituted as followsestablished on an ad hoc basis, on a case-by-case basis, in accordance with the following procedure: within two three months from the date of receipt of the request for arbitration, each Party will of the Contracting Parties shall appoint one member of the TribunalCourt of Arbitration. These two members will then selectshall appoint, as Presidentwithin two months, a third member who shall be a national of a third Statecountry. The President will be appointed within three months from With the date agreement of appointment both Contracting Parties, this third member shall assume the chairmanship of the two aforementioned membersarbitration. 4. If In the event that the arbitration court is not constituted within the time limits referred to provided for in paragraph 3 of this Article the appointments have not been madepreceding paragraph, either of the Contracting Parties Party may, in the absence of any other Agreementsarrangement, have recourse to the International Court of Justice and request its president to make the necessary appointments. In the event that the President of the Permanent Court of Arbitration at The Hague to make them. If he is a national of one of the Contracting Parties or if it is not possible for him prevented from performing his duties, the Vice-President shall be requested to accept the appointment, a request will be made to the Vice President of the Court who will make the appointmentabove-mentioned appointments. If In the Vice event that the President is a national of one of the Contracting Parties or it is not possible for him to accept the appointmentprevented from performing his duties, the oldest request for appointment shall be addressed to the first member of the Permanent International Court of Arbitration in The Hague Justice who is not a national of one of the Contracting Parties shall be invited to do soParties. 5. The Arbitral Tribunal arbitration court shall decide by majority vote and make its decisions on the basis of the provisions of this Agreement and in accordance with the commonly recognized principles and rules of international law. The decisions of the arbitration shall be bindingtaken by a majority vote. Each They shall be final and binding on both Contracting Party shall bear the costs of its own arbitrator and the costs of its participation in the arbitral proceedingsParties. The expenses for the President and the remaining expenses shall be borne by the two Parties in equal measure. The Arbitral Tribunal Court shall establish its own rules of procedure. 6. Each of the Contracting Parties shall bear the costs of its representative and of the latter's participation in the arbitration proceedings. The costs of the presiding officer and other costs inherent in the arbitration shall be borne equally by the two parties.

Settlement of Disputes between the Contracting Parties. (1. Disputes ) Any dispute arising between the Contracting Parties contracting parties concerning the interpretation and or application of this Agreement delpresente Convention shall, as far as if possible, be settled amicably by the Governments of the two Contracting Parties, through diplomatic channelsits diplomatic. (2. In the event that such disputes ) If a dispute cannot be settled in this way within three months from six months, the contadodesde date in which one of written request by either the Contracting Party, they shall, at Parties to the request of either Contracting Partydispute has promoted, be submitted to an ad hoc arbitral tribunal in accordance with at the provisions request of this Articleone of the Contracting Parties. (3. ) The Arbitral Tribunal will arbitral tribunal shall be constituted as follows: within two months from the date of receipt of the request for arbitration, ad hoc. each Contracting Party will shall appoint one member of the Tribunal. These and these two members will then select, shall agree to choose as President, president is a national of a third StateState who shall be appointed by the Governments of the two contracting parties. The President will the members shall be appointed within two months and the Chairman within three months from after a Contracting Party has notified the date of appointment of other that it wishes to submit the two aforementioned membersdispute to an arbitral tribunal. (4. ) If within the time limits referred to periods specified in paragraph 3 of this Article the appointments have (3) should not been madeobserved, either of the Contracting Parties may, and in the absence of any other Agreementsagreement, request each States may invite the President of the Permanent International Court of Arbitration at The Hague Justice to make themthe necessary appointments. If he is a national of one of if the Contracting Parties or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the Court who will make the appointment. If the Vice President is a national of one either Contracting Party or is otherwise prevented from carrying out the said appointments shall be made by the Vice-President make them. if the Vice-President is also a national of either Contracting Party or if he is also prevented from carrying out the Contracting Parties or it is not possible for him to accept said appointments shall be made by the appointment, the oldest member of the Permanent Court of Arbitration next in The Hague who seniority and is not a national of one of the Contracting Parties shall be invited contracting parties to do sothem. (5) The arbitral tribunal shall reach its decisions by a majority of votes. The Arbitral Tribunal shall decide by majority vote and its such decisions shall be binding. Each each Contracting Party shall bear the costs incurred in the exercise of its own arbitrator and arbitrator, as well as the costs of for its participation representation in the arbitral proceedings. The expenses for the President cost of the Chairman and the remaining expenses costs shall be borne in equal parts by the two Parties in equal measurecontracting parties. The Arbitral Tribunal the arbitral tribunal shall establish determine its own rules of procedure.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and application of this Agreement shall, as far as possible, be settled amicably through made up of diplomatic channels. 2. In the event that such disputes cancan not be settled made within three six months from of the date on which one of the Contracting Parties has made a written request by either Contracting to the other Party, they shall, at on the request initiative of either Contracting Partyone of the parties, be submitted to an ad hoc arbitral tribunal in accordance with arbitration tribunal, according to the provisions of this Article. 3. The Arbitral Tribunal will arbitral tribunal shall be constituted as follows: within two months from the date of receipt of the request for arbitration, each Party will of the Contracting Parties shall appoint one a member of the Tribunaltribunal. These two members will then select, therefore choose as President, a president a national of a third Statestate. The President will chairman shall be appointed within three months from the date of appointment of the nomination of the other two aforementioned members. 4. If If, within the time limits referred to period stipulated in paragraph 3 of this Article Article, the appointments designations provided therein have not been made, either each of the Contracting Parties may, in the absence of other Agreementsadjustments, request the President of the Permanent International Court of Arbitration at The Hague Justice to make themdo so. If he this the latter is a national of one of the Contracting Parties Parties, or if it by any reason is not possible for him to accept prevented from accepting the appointmentcharge, a the same request will be made addressed to the Vice Vice-President of the Court who will make the appointmentthat Court. If the Vice President also is a national of one of the Contracting Parties, or is also a national of one of the Contracting Parties or prevented, it is not possible for him will be up to accept the appointment, the oldest member of the Permanent Court to immediately follow him in the order of Arbitration in The Hague precedence and who is not a national of one of the Contracting Parties shall be invited to do so.make such designations 5. The Arbitral Tribunal shall arbitral tribunal will decide by majority vote and its decisions shall will be binding. Each Contracting Party shall bear the costs of its own arbitrator and the costs those of its his participation in the arbitral arbitration proceedings. The expenses for of the President and the remaining expenses costs of the proceedings shall be borne by the two Contracting Parties in equal measureequally. The Arbitral Tribunal shall arbitral tribunal will establish its own rules of procedureprocedures.

Settlement of Disputes between the Contracting Parties. (1. Disputes ) Differences of opinion between the Contracting Parties concerning the interpretation and or application of this Agreement shall, as far as possible, be settled amicably through diplomatic channelsby friendly negotiations. (2. In the event that such disputes can) If a dispute can not be settled within three six months from the date of written request by either Contracting Partyin accordance with paragraph 1, they shall, it shall be submitted to an arbitration tribunal at the request of either Contracting Partyone of the contracting parties. If paragraph 1 is not submitted within six months, it shall be submitted to an ad hoc arbitration court at the request of one of the contracting parties. (3) The arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will shall be constituted formed from case to case as follows: each Contracting Party shall appoint one member and both members shall agree on a third country national as chairman. The members shall be appointed by the chairman within a further two months within two months from after the date of receipt of one party to the request for arbitration, each Party will appoint one member of agreement has notified the Tribunal. These two members will then select, as President, a national of a third State. The President will be appointed within three months from other that it wishes to submit the date of appointment of the two aforementioned membersdispute to an arbitration tribunal. (4. ) If within the time limits referred to deadlines set out in paragraph 3 of this Article the appointments have not been madecomplied with, either of the any Contracting Parties Party may, in the absence of any other Agreementsagreement, request the President of the Permanent International Court of Arbitration at The Hague Justice to make themthe necessary appointments. If he is a national of one of the Contracting Parties or if it is not possible for him to accept the appointment, a request will be made to the Vice President of the International Court who will of Justice has the nationality of either Contracting Party, or if he is prevented from exercising this function for any other reason, the Vice-President, or in the event of his / her failure, may be called upon to appoint the most active member of the International Court of Justice In the absence of any other agreement, each Contracting Party may request the President of the International Court of Justice to make the appointmentnecessary appointments. If the Vice President is a national of one of the International Court of Justice has the nationality of either Contracting Parties Party, or it if he is not possible prevented from exercising this function for him to accept the appointmentany other reason, the oldest Vice-President, or in the event of his / her failure, may be called upon to appoint the most active member of the Permanent International Court of Arbitration in Justice make. (5) The Hague who is not a national arbitral tribunal shall decide its own rules of one procedure. (6) The arbitral tribunal shall decide on the basis of this Agreement as well as on the Contracting Parties basis of generally accepted rules of international law. It decides with multiple votes; The arbitration award shall be invited to do sofinal and binding. 5. The Arbitral Tribunal shall decide by majority vote and its decisions shall be binding. (7) Each Contracting Party shall bear the costs of its own arbitrator member and the costs of its participation legal representation in the arbitral arbitration proceedings. The expenses for costs of the President chairman and the remaining expenses shall be other costs are borne equally by the two Parties in equal measurecontracting parties. The Arbitral Tribunal shall establish court may, however, in its own rules of procedurearbitral award, adopt a different cost regime.

Settlement of Disputes between the Contracting Parties. 1. Disputes between the Contracting Parties concerning the interpretation and application of this Agreement shall, as far as possible, shall be settled amicably through made by diplomatic channelsmeans. 2. In the event that such disputes cannot be settled If, within three a period of six (6) months from the date of written request by either on which a dispute arises, the Contracting PartyParties have not reached an agreement, they shallthe dispute shall be submitted, at the request of either Contracting Partyone of the Parties, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will be constituted consisting of three members. Each Contracting Party shall appoint an arbitrator and the two arbitrators shall elect as follows: within two months from the date of receipt of the request for arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, a President a national of a third State. 3. The President will If one of the Contracting Parties has not appointed an arbitrator and has not accepted the invitation of the other Contracting Party to make such appointment within a period of two (2) months, the arbitrator shall be appointed within three months from at the date request of appointment that Contracting Party, by the President of the two aforementioned membersInternational Court of Justice. 4. If the two arbitrators fail to reach an agreement on the election of the President within a period of two (2) months after their appointment, the time limits referred to in paragraph 3 latter shall be appointed, at the request of this Article the appointments have not been made, either one of the Contracting Parties mayParties, in the absence of other Agreements, request by the President of the Permanent International Court of Arbitration at The Hague Justice; 5. If, in the cases specified in paragraphs (3) and (4) of this Article, the President of the International Court of Justice is unable to make them. If he exercise his function or is a national of one of the Contracting Parties or if it is not possible for him to accept Parties, the appointment, a request will appointment shall be made to by the Vice President of the Court who will make the appointment. Vice- President; If the Vice President latter has an impediment or is a national citizen of one of the Contracting Parties or it is not possible for him to accept the appointmentParties, the oldest appointment shall be made by the senior member of the Permanent Court of Arbitration in The Hague who is not a national citizen of one of the Contracting Parties shall be invited to do soParties. 6. In addition to the stipulations of paragraphs (1), (2), (3), (4) and (5. The Arbitral Tribunal ) of this Article, the tribunal shall decide by majority vote and establish its decisions shall be bindingown procedure. 7. Each Contracting Party shall bear the costs of its own the arbitrator he has appointed and the costs of its participation those for his representation in the arbitral arbitration proceedings. The expenses for of the President and the remaining expenses shall be borne by the two Contracting Parties in on an equal measure. 8. The Arbitral Tribunal shall establish its own rules decisions of procedurethe Court of First Instance are final and binding on each Contracting Party.

Settlement of Disputes between the Contracting Parties. 1. Disputes The disputes between the Contracting Parties concerning related to the interpretation and or the application of this the provisions of the present Agreement shallshall be settled, as far as if possible, be settled amicably by consultations or negotiations through diplomatic channels. 2. In If the event that Contracting Parties do not reach an agreement within six months since the beginning of the disputes, this shall be submitted, on request of any of them, to an arbitration tribunal, composed of three members. Each Contracting Party shall appoint one arbitrator and both arbitrators thus appointed shall together select a third arbitrator of a nationality of a third State, who on approval by both Contracting Parties, shall be appointed as their Chairman. 3. If one of the Contracting Parties fails to appoint its arbitrator, and has not proceeded to do so within two months after an invitation of the other Contracting Party to make such disputes cannot an appointment, the arbitrator will be settled within three months from appointed on request of the date of written request by either last mentioned Contracting Party, they shallby the President of the International Court of Justice. 4. If both arbitrators do not reach an agreement in two months following their appointment on the choice of the third arbitrator, at the latter shall be appointed, on request of either Contracting Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this Article. 3. The Arbitral Tribunal will be constituted as follows: within two months from the date of receipt of the request for arbitration, each Party will appoint one member of the Tribunal. These two members will then select, as President, a national of a third State. The President will be appointed within three months from the date of appointment of the two aforementioned members. 4. If within the time limits referred to in paragraph 3 of this Article the appointments have not been made, either of the Contracting Parties may, in the absence of other Agreements, request by the President of the Permanent International Court of Arbitration at The Hague Justice. 5. If, in the cases provided for in Paragraphs (3) and (4) of the present Article, the President of the International Court of Justice is impeded to make them. If perform such function, or if he is a national of one any of the Contracting Parties or if it is not possible for him to accept Parties, the appointment, a request necessary appointments will be made to by the Vice President of President, and if the Court who will make the appointment. If the Vice President latter is impeded to perform such function, or if he is a national of one either Contracting Party, the Judge of the Contracting Parties or it is not possible for him to accept the appointment, the oldest member of the Permanent Court of Arbitration in The Hague who older seniority that is not a national of one any of the Contracting Parties shall be invited to do somake the necessary appointments. 56. The Arbitral Tribunal arbitral tribunal shall decide take its decision by majority vote and its decisions shall be bindingof votes. Each Contracting Party shall bear the costs of its own arbitrator and the costs of its participation representation in the arbitral proceedingsproceeding. The expenses for costs of the President and Chairman, as well as the remaining other expenses shall be borne borne, in principle, in equal parts by the two Parties in equal measureContracting Parties. 7. The Arbitral Tribunal tribunal shall establish determine its own rules proceedure. 8. The decisions of procedurethe tribunal are final and binding for the Contracting Parties.