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

Settlement of Disputes between the Contracting Parties. 1. To suggest differences between the contracting parties concerning the interpretation and application of this Agreement shall be settled as far as possible through amicable negotiations. 2. If no reaches an agreement within six months of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. If within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences The Contracting Parties shall seek in good faith and a spirit of cooperation a rapid and equitable solution to any dispute between the contracting parties them concerning the interpretation and or application of this Agreement shall Agreement. In this regard, the Contracting Parties agree to engage in direct and meaningful negotiations to arrive at such solutions. If the Contracting Parties cannot reach an agreement within six (6) months after the beginning of disputes between themselves through the foregoing procedure, the disputes may be settled as far as possible through amicable negotiationssubmitted, upon the request of either Contracting Party, to an arbitral tribunal of three members. 2. If no reaches an agreement within six Within two (2) months of the date receipt of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitrationa request, each Contracting Party shall appoint an arbitrator. Those The two arbitrators within thirty days of the appointment of the last one, shall select a third member arbitrator as Chairman, who shall be is a national of a third State, who shall chair . In the Tribunal. The designation of the Chairman shall be approved by the event either Contracting Parties within thirty days from the date of his nomination. 4. If Party fails to appoint an arbitrator within the periods specified in paragraph 2 of this articletime, the appointment has not been made or required the approval has been granted, either other Contracting Party may request the President of the International Court of Justice to make the appointment. 3. If both arbitrators cannot reach an agreement about the choice of the Chairman within two (2) months after their appointment, the Chairman shall be appointed upon the request of either Contracting Party by the President of the International Court of Justice. 4. If in the cases specified under paragraphs (2) and (3) 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 of either Contracting Party, the appointment shall be made by the Vice-President shall make the appointmentPresident, and if the latter Vice-President is prevented from carrying out tire said function or if he is a national of either of the Contracting PartiesParty, the judge appointment shall be made by the mpst senior member of the Court who in seniority who is not a national of one of the either Contracting Parties shall make the appointmentParty. 5. The tribunal shall have three (3) months from the date of the selection of the Chairman to agree upon rules of procedure consistent with the other provisions of this Agreement. In the absence of such agreement, the tribunal shall request the President of the Tribunal shall be a national International Court of a third State with which both contracting parties maintain diplomatic relationsJustice to designate rules of procedure, taking into account generally recognized rules of international arbitral procedure. 6. Unless otherwise agreed, all submissions shall be made and all hearings shall be completed within eight (8) months of the date of selection of the Chairman, and the tribunal shall render its decision within two (2) months after the date of the final submissions or thd date of the dosing of the hearings, whichever is later. The arbitral tribunal shall decide on the basis of the provisions of this Agreement reach its decisions, which shall be final and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide binding, by a majority of votes shall determine its own rules and proceedingsvotes. 7. Each Contracting Party shall bear Expenses incurred by the costs of Chairman, the arbitratorother arbitrators, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining other costs of the proceedings shall be removed in equal parts paid for equally by the contracting parties unless they agree otherwiseContracting Parties. The tribunal may, however, at its discretion, decide that a higher proportion of the costs be paid by one of the Contracting Parties. 8. The decisions A dispute shall hot be submitted to an international arbitration tribunal under the provisions of this Article, if a dispute on the Tribunal shall be final same matter has been brought before another intemationjal arbitration tribunal under the provisions of Article 10 and binding on is still before the tribunal. This will not impair the engagement in direct and meaningful negotiations between both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall shall, whenever possible, be settled as far as possible amicably through amicable negotiationsconsultations. 2. If no reaches an agreement a dispute cannot be settled within six months through consultations, it shall, at the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articlefor decision. 3. The An arbitral tribunal shall consist of three members and shall be constituted in the following manner: within for each dispute. Within two months from the date of notification after receipt through diplomatic channels of the request for arbitration, each Contracting Party shall appoint an arbitratorone member to the arbitral tribunal. Those The two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third StateState who, who upon approval by the two Contracting Parties, shall chair be appointed Chairman of the Tribunalarbitral tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other two members of the arbitral tribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting party or is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or is prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Partynext in seniority, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties either contracting Party, shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal arbitral tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6determine its own procedure. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedingsbe binding on both Contracting Parties. Unless otherwise agreed, the decision of the arbitral tribunal shall be rendered within six months of the appointment of the Chairman in accordance with paragraphs 3 or 4 of this Article. 76. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The cost of proceeding; the costs related to the Chairman and the any remaining costs shall be borne equally by the Contracting Parties. The arbitral tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the proceedings two Contracting Parties, and this award shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties concerning Contracting Parties regarding the interpretation and or application of this Agreement shall be settled resolved as far as possible through amicable negotiationsnegotiations and consultations. 2. If no reaches an agreement within six months of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions paragraph 1 of this article, cannot be settled within six months, then it shall, at the request of one of the Contracting Parties, be submitted to the arbitral tribunal, which consists of three members. 3. The arbitral Each of the Contracting Parties shall appoint one member of the arbitration tribunal and these two members of the arbitration shall consist agree on a third-country national as chairman. Such members of three members and the arbitration shall be constituted in the following manner: appointed within two months from the date of notification of the request for arbitration, each one Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the other Contracting Parties Party of their intention to refer the dispute to the arbitral tribunal, the chairman of which is appointed within thirty days from the date of his nominationnext two months. 4. If within the time periods specified in paragraph 2 3 of this articlearticle are not met, one of the appointment has not been made or required the approval has been grantedContracting Parties may, either Contracting Party may request without any other relevant agreements, contact the President of the International Court of Justice of the United Nations to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out of the said function or if he United Nations is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national citizen of one of the Contracting Parties shall make or for other reasons cannot perform the appointmentspecified function, the Vice-President or in case of his inability, another next senior member of the International Court of Justice of the United Nations in accordance with the rules of the International Court of Justice of the United Nations may be invited to the same conditions for the necessary appointments. 5. The President arbitral tribunal shall establish its own rules of procedure, unless the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsContracting Parties decide otherwise. 6. The arbitral tribunal shall decide on the basis of the provisions render its decision by virtue of this Agreement and the principles of in accordance with international law and the general principles of law recognized by the contracting partieslaw. The Tribunal It shall decide render his decision by a majority of votes vote, and the decision shall determine its own rules be final and proceedings.binding on the Contracting Parties.. 7. Each Contracting Party shall bear the costs of its member of the arbitrator, as well as those relating to arbitral tribunal and its legal representation in the arbitral proceedings. The cost expenses of the Chairman Chairperson and the remaining costs of the proceedings other expenses shall be removed in equal parts borne equally by the contracting parties unless they agree otherwise. 8both Contracting Parties. The decisions court may, however, in its decision determine a different distribution of the Tribunal shall be final and binding on both contracting partiescosts.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this the Agreement shall shall, if possible, be settled as far as possible by consultation through amicable negotiationsdiplomatic channels. (2. ) If no reaches an agreement any dispute cannot be settled within six six(6) months of from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may shall be able to submit it the dispute to an ad hoc arbitral tribunal Arbitral Tribunal, in accordance with the provisions of this articleArticle. (3. The arbitral tribunal shall consist of three members and ) Such Arbitral Tribunal shall be constituted for each individual case in the following mannerway: within two Within two(2) months from the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, Tribunal. These two members shall then select a third member who shall be a national of a third State, with which both Contracting Parties maintain diplomatic relations, who on approval of the two Contracting Parties shall chair be appointed Chairman of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two(2) months from the date of his nominationappointment of the other two members. (4. ) If within the periods specified in paragraph 2 paragraph(3) of this article, Article the appointment has necessary appointments have not been made, a request may be made or required the approval has been granted, by either Contracting Party may request to the President of the International Court of Justice to make the appointmentsuch appointments. If the President is a national of either Contracting Party or otherwise prevented from discharging the said function, the Vice-President shall be invited to make the appointments. If the Vice-President also is a national of either Contracting Party or prevented from discharging the said function, the member of the International Court of Justice next in seniority that is prevented from carrying out the said function or if he is not a national of either Contracting Party, Party shall be invited to make the Vice-President appointments. (5) The Arbitral Tribunal shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide decision on the basis of the provisions of this Agreement and Agreement, the principles of the international law in this matter, and the general principles of law recognized by the contracting partiesContracting Parties. The Arbitral Tribunal shall decide make a decision by a majority of votes shall and determine its own rules and proceedingsprocedural rules. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. (6) The decisions of the Tribunal shall be final and binding for both Contracting Parties. (7) Each Contracting Party shall bear the costs of its own arbitrator as well as its representation in the arbitral proceedings. The costs of the Chairman and the other costs of the proceedings shall be borne in equal parts by the Contracting Parties, except when the Tribunal decides on both contracting partiesother modality.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall shall, to the fullest extent possible, be settled as far as possible through amicable negotiationsby negotiations between the Contracting Parties. 2. If no reaches an agreement a dispute between the Contracting Parties cannot be settled in this way within six months of from the date of starting the notification within six months negotiations, it shall, upon the request of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral arbitration tribunal shall consist referred to in paragraph 2 of three members and this Article shall be constituted on an ad hoc basis, for each case, in the following mannerway: within two three months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment tribunal. Within two months, these two members shall select the third member of the last onetribunal, shall select a third member who shall be a national of a third State, who who, with the approval by the two Contracting Parties, shall chair the Tribunal. The designation be appointed as Chairman of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nominationtribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment arbitral tribunal has not been made or required the approval has been grantedconstituted, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral arbitration tribunal shall decide reach its decision on the basis of the provisions of this Agreement Agreement, as well as of the generally accepted principles and the principles rules of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal arbitration tribunal shall decide by a majority of votes votes. These decisions shall determine be final and binding on both Contracting Parties. The tribunal shall lay down its own rules and proceedingswork procedure. 76. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to its representation tribunal and his participation in the arbitral arbitration proceedings. The cost costs of the Chairman and the remaining other costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled as far as possible through amicable by negotiations. 2. If no reaches an agreement a dispute according to paragraph 1 of this Article cannot be settled within six months (6) months, it shall, upon the request of the date either Contracting Party, be submitted to an arbitral tribunal.paragraph 1 of the notification this Article cannot be settled within six months (6) months, it shall, upon the request of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The Such arbitral tribunal shall consist of three members and shall be constituted in the following manneron an ad hoc basis as follows: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be agree upon a national of a third State, who shall chair State as their chairman to be appointed by the Tribunaltwo Contracting Parties. The designation of the Chairman Such arbitrators shall be approved by the Contracting Parties appointed within thirty days two (2) months from the date one Contracting Party has informed the other Contracting Party, of his nominationits intention to submit the dispute to an arbitral tribunal and the chairman shall be appointed within two (2) months following the appointment of the two arbitrators. 4. If within the periods specified in paragraph 2 3 of this article, the appointment has Article are not been made or required the approval has been grantedobserved, either Contracting Party may request may, in the absence of any other relevant arrangement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting PartiesParties or if he is otherwise prevented from discharging the said function, the judge Vice-President or in case of his inability the member of the International Court who of Justice next in seniority who is not a national of one of should be invited under the Contracting Parties shall same conditions to make the appointmentnecessary appointments. 5. The President tribunal shall establish its own rules of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsprocedure. 6. The arbitral tribunal shall decide reach its decision on the basis of the provisions of this present Agreement and the principles applicable rules of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal It shall decide reach its decision by a majority of votes votes; the decision shall determine its own rules be final and proceedingsbinding. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its own member and of its legal representation in the arbitral arbitration proceedings. The cost costs of the Chairman chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8both Contracting Parties. The decisions tribunal may, however, in its award determine another distribution of the Tribunal shall be final and binding on both contracting partiescosts.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsdiplomatic channels. (2. ) If no reaches an agreement a dispute between the Contracting Parties cannot be settled within six six(6) months after the beginning of the date negotiations, it shall, upon request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articleArbitral Tribunal. (3. The arbitral tribunal shall consist of three members and ) Such an Arbitral Tribunal shall be constituted for each individual case in the following mannerway: within Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, Tribunal. The appointed members shall then select a third member who shall be a national of a third Statestate, who on the approval of the two Contracting Parties shall chair be appointed Chairman of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other members. (4. ) If within the periods specified in paragraph 2 paragraph(3) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of other agreements, invite the President of the International Court of Justice to make the appointmentsuch appointments. If the President is a national of either Contracting Party or otherwise is prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. (5. ) The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to Tribunal and of its representation in the arbitral proceedings. The cost ; the costs of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions Tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties, and this award shall be final and binding on both contracting partiesContracting Parties. The Tribunal shall determine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled shall, as far as possible possible, be settled amicably through amicable negotiationsconsultations and/or other diplomatic channels. 2. If no reaches the Contracting Parties cannot reach an agreement within six (6) months following the date on which the consultations were requested and/or other diplomatic channels were initiated by either Contracting Party, the dispute shall, upon the request of the date of the notification within six months of the date of the notification of the disputeContracting Party, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal tribunal. In the absence of an agreement by the Contracting Parties to the contrary, arbitration proceedings shall be conducted in accordance with the provisions Permanent Court of Arbitration Optional Rules for Arbitrating Disputes between Two States, except as modified by the Contracting Parties or this articleAgreement. 3. The arbitral tribunal shall consist of three members and Unless the Parties otherwise agree, the dispute shall be constituted in the following manner: resolved by three member arbitration tribunal. Each Contracting Party shall appoint one arbitrator within two months from the date of notification of on which either Contracting Party receives from the other Contracting Party a request for arbitration, each Contracting Party shall appoint an arbitrator. Those The two arbitrators thus selected shall together within thirty days of the appointment of the last onea further two months period, shall select a third member arbitrator who shall be is a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be third arbitrator once approved by the two Contracting Parties within thirty days from Parties, shall act as Chairman of the date of his nominationarbitral tribunal. 4. If any member of the arbitral tribunal is not selected within the periods specified time frames defined in paragraph 2 3 of this articleArticle, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President Secretary-General of the International Permanent Court of Justice to make Arbitration, upon the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national request of either Contracting Party, the Vice-President shall make the appointmentappoint, and if the latter is prevented in his or is a national of either of the Contracting Partiesher discretion, the judge of the Court who in seniority who is arbitrator or arbitrators not a national of one of the Contracting Parties shall make the appointmentyet appointed. 5. The President place of the Tribunal arbitration proceedings shall be a national of a third State with which both contracting parties maintain diplomatic relationsThe Hague, the Netherlands. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decisions by a majority of votes votes. The decisions shall determine its own rules be final and proceedingsbinding upon each Contracting Party. 7. Each Contracting Party shall bear Expenses incurred by the arbitrators, and other costs of the arbitratorproceedings, as well as those relating to its representation in shall be borne equally by the arbitral proceedingsParties. The cost arbitral tribunal may, however, in its discretion, decide that a higher proportion of costs shall be paid by one of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwisetwo Contracting Parties. 8. The decisions of language to be used in the Tribunal arbitral proceedings shall be final and binding on both contracting partiesEnglish.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement within six months a dispute between the Contracting Parties cannot thus be settled, it shall upon the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following manner: within way. Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, State who on approval by the two Contracting Parties shall chair be appointed Chairman of the Tribunaltribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two (2) months from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting PartyParty or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the appointment, and if necessary appointments. If the latter is prevented or Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the member of the Contracting Parties, the judge international Court of the Court who Justice next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The cost ; the cost, of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties, and this award shall be final and binding on both contracting parties.Contracting Parties. The tribunal shall determine its own procedure. \

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) The two Contracting Parties shall endeavour, in good faith and in mutual cooperation, to reach a fair and prompt settlement of any dispute which may arise between the contracting parties them concerning the interpretation and or application of this Agreement shall be settled as far as possible through amicable negotiations. 2Agreement. In this connection, the two Parties agree to enter into direct objective negotiations to reach such a settlement. If no reaches an agreement the disagreement is not settled within six months of from the date on which the matter was raised by either Party, the matter may, at the request of the notification within six months of the date of the notification of the disputeeither Party, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal in accordance with the provisions composed of this articlethree members. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within (2) Within two (2) months from the date of notification receipt of the request for arbitrationsaid request, each Contracting Party shall appoint an one arbitrator. Those , and the two arbitrators so appointed shall, within thirty days two months and with the approval of the appointment of the last oneboth Contracting Parties, shall select a third member who shall be appoint a national of a third State, who shall chair country as President of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. (3) If within the periods time limits specified in paragraph 2 (2) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in case of disagreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is prevented from doing so, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or if he is also prevented from attending, the senior and most senior member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of either Contracting Party shall be invited to take up the Contracting Parties shall make the appointmenttask. 5. (4) The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide render its decision by a majority of votes votes. Such decisions shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs of its arbitrator of the arbitrator, as well as those relating to its Tribunal and of his representation in the arbitral arbitration proceedings. The cost of the Chairman and the remaining costs of the proceedings chairman and other expenses shall be removed borne by the Contracting Parties in equal parts by the contracting parties unless they agree otherwise. 8shares. The decisions Tribunal may, however, in its decision, order that a higher proportion of the Tribunal costs be borne by one of the Contracting Parties and that decision shall be final and fully binding on both contracting partiesContracting Parties. The court shall determine its own procedure. (5) All actions and procedures for the investigation or preparation of the case shall be submitted and shall be completed within eight (3) months from the date the third member is appointed, unless otherwise provided. The Tribunal shall render its decision within two months from the date of submission of the final submissions or the date of closure of the General Sessions. (6) A dispute may not be submitted to an Arbitration Tribunal under the rules of this Article if the same dispute has already been submitted to an Arbitration Tribunal under the rules of Article 8 and is still being dealt with by that Tribunal. However, the Contracting Parties may still, for all practical purposes, enter into direct negotiations for the purpose of an amicable settlement of the dispute.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled should, as far as possible possible, be settled through amicable negotiationsnegotiation. (2. ) If no reaches an agreement a dispute between the Contracting Parties cannot thus be settled within six months from the time the dispute arose, it shall upon the request of either Contracting Party be submitted to an arbitral tribunal. (3) Such an arbitral tribunal shall be constituted for each individual case in the date of the notification within six following way. Within two months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification receipt of the request for arbitration, each Contracting Party party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, State who on approval by the two contracting Parties shall chair be appointed Chairman of the Tribunaltribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other two members. (4. ) If within the periods specified in paragraph 2 (3) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentany necessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice President shall be invited to make the necessary appointments. If the Vice President is a national of either Contracting Party or if he too is prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. (5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. ) The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decisions shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The ; the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal shall two Contracting Parties, and this award sha1l be final and binding on both contracting partiesContracting Parties. The tribunal shall determine its own procedures.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences All disputes arising between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall shall, in the first place, be settled as far as possible amicably through amicable negotiationsnegotiation or consultation. 2. If no reaches an agreement the dispute cannot be settled within six months of the date of the notification within six months of the date of the notification of the disputefour months, either Contracting Party may submit it while sending a notification to the other Contracting Party, refer the case to an ad hoc arbitral tribunal in accordance with the provisions of this articleArbitral Tribunal. 3. The arbitral tribunal shall consist of three members and Such an Arbitral Tribunal shall be constituted for each individual case in the following mannerway: within Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the Tribunal. Those two arbitrators members shall then select a national of a third state who on approval by the two Contracting Parties shall be appointed within thirty days four months from the date of the appointment of the last oneother two members. However, shall select a third member who the Chairman shall be a national of a third State, who shall chair state having diplomatic relations with both Contracting Parties at the Tribunal. The designation time of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nominationappointment. 4. If within the periods specified in paragraph 2 of this article, 3 the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentany necessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of either Contracting Party or is not otherwise prevented from discharging the Contracting Parties said function, shall be invited to make the appointmentnecessary appointments. 5. The President Arbitral Tribunal shall reach its decision by a majority of votes. The decision of the Tribunal shall be a national of a third State with which final and binding on both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7Contracting Parties. Each Contracting Party shall bear the costs of the arbitratormember appointed by that Contracting Party and of its representation at the arbitral proceedings. Both Contracting Parties shall assume an equal share of the cost of the Chairman, as well as those relating to its representation in the arbitral proceedingsany other costs. The cost Tribunal may make a different decision regarding the sharing of the Chairman costs. In all other respects, the Arbitral Tribunal shall determine its own rules of procedure and the remaining costs place of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwisearbitration. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences All disputes arising between the contracting parties concerning Contracting Parties relating to the interpretation and or application of this Agreement shall be settled as far as possible through amicable negotiationspossible, in the first place, be settled amicably by consultation. In case of disagreement, a Contracting Party may, while sending a notice to the other Contracting Party, refer the case to an arbitral tribunal of three members consisting of two arbitrators appointed by the Contracting Parties and a Chairperson. 2. If no reaches an agreement within six months of In case the date of dispute is referred to the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitrationtribunal, each Contracting Party shall appoint an arbitratorone arbitrator within sixty days from the receipt of the notification and the arbitrators appointed by the Contracting Parties shall appoint the Chairperson within sixty days from the date of the latter appointment. Those two If either Contracting Party does not appoint its own arbitrator or the appointed arbitrators within thirty days of do not agree on the appointment of the last oneChairperson within the said periods, shall select a third member who each Contracting Party may request the Secretary General of the Permanent Court of Arbitration to appoint the arbitrator of the failing Contracting Party or the Chairperson, as the case may be. However the Chairperson shall be a national of a third State, who shall chair State having diplomatic relations with both Contracting Parties at the Tribunal. The designation time of the Chairman shall appointment. 3. In case the Chairperson is to be approved appointed by the Contracting Parties within thirty days from the date of his nomination. 4. If within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President Secretary General of the International Permanent Court of Justice to make Arbitration, if the appointment. If the President Secretary General of the International Permanent Court of Justice Arbitration is prevented from carrying out the said function or if he or she is a national of either Contracting Party, the Vice-President appointment shall make be made by the appointment, Deputy Secretary General of the Permanent Court of Arbitration and if the latter Deputy Secretary General is also prevented from carrying out the said function or if he or she is a national of either Contracting Party, the appointment shall be made by the senior member of the Contracting Parties, the judge of the Court who in seniority said court who is not a national of one of either Contracting Party. 4. Subject to other provisions agreed by the Contracting Parties Parties, the arbitral tribunal shall make determine its procedure and the appointmentplace of arbitration. 5. The President of the Tribunal arbitral award shall be a national final and binding upon the Contracting Parties. The arbitral award shall be issued in accordance with this Agreement and the applicable principles of a third State with which both contracting parties maintain diplomatic relations. 6international law. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide make its award by a majority of votes shall determine its own rules and proceedingsvotes. 76. Each Contracting Party shall bear the costs cost of the arbitrator, as well as those relating to arbitrator of its choice and its representation in the arbitral proceedings. The cost of the Chairman Chairperson of the arbitral tribunal in discharging his or her duties and the remaining costs of the proceedings arbitral tribunal shall be removed in equal parts borne equally by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences All disputes arising between the contracting parties concerning Contracting Parties relating to the interpretation and or application of this Agreement shall shall, in the first place, be settled as far as possible through amicable negotiationsamicably by consultation. 2. If no reaches an agreement the dispute cannot thus be settled, within six (6) months from the beginning of the date consultations, it shall upon request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal in accordance with tribunal, while sending a written notification to the provisions of this articleother Contracting Party. 3. The In case the dispute is referred to the arbitral tribunal, such tribunal shall consist of three members and shall be constituted in the following mannereach individual case as follows: within two months from the date of notification of the request for arbitration, each Each Contracting Party shall appoint an arbitrator. Those arbitrator and these two (2) arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who who, upon approval by the two (2) Contracting Parties, shall chair the Tribunalbe appointed as Chairman. The designation of arbitrators shall be appointed within two (2) months and the Chairman shall be approved by the Contracting Parties within thirty days four (4) months from the date of his nominationreceipt of the request for arbitration. 4. If If, within the periods specified in paragraph 2 (3) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, or if he is otherwise prevented from discharging the said function, the Vice-President shall make the appointment, and or if the latter is prevented or he too is a national of either of Contracting Party or is otherwise prevented from discharging the Contracting Partiessaid function, the judge Member of the Court who next in seniority who is not a national of one of the either Contracting Parties Party, shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The , the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. The tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the two Contracting Parties, and this award shall be binding on both Contracting Parties. 86. Subject to other provisions agreed by the Contracting Parties, the arbitral tribunal shall determine its procedures and the place of arbitration. 7. The decisions of the Tribunal tribunal's decision shall be final and binding on both contracting partiesthe Contracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences between The Contracting Parties shall consult at the contracting parties request of either of them on matters concerning the interpretation and or application of this Agreement. 2. The Contracting Parties shall endeavour to resolve any dispute between them concerning the interpretation or application of this Agreement shall be settled as far as possible through amicable by prompt and friendly consultations and negotiations. 23. If no reaches an agreement a dispute is not resolved by such means within six months of one Contracting Party seeking in writing such negotiations or consultations, it shall be submitted at the date request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal Arbitral Tribunal established in accordance with the provisions of this articleArticle or, by agreement, to any other international tribunal. 34. The arbitral tribunal Arbitral Tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, persons appointed as follows: (a) each Contracting Party shall appoint an one arbitrator. Those two ; (b) the arbitrators appointed by the Contracting Parties shall, within thirty days of the appointment of the last onesecond of them, shall by agreement, select a third member arbitrator who shall be a national citizen or permanent resident of a third Statecountry which has diplomatic relations with both Contracting Parties; (c) the Contracting Parties shall, within thirty days of the selection of the third arbitrator, approve the selection of that arbitrator who shall chair the Tribunal. The designation act as Chair of the Chairman Arbitral Tribunal. 5. Arbitration proceedings shall be approved instituted upon notice being given through diplomatic channels by the Contracting Parties within thirty Party instituting such proceedings to the other Contracting Party. Such notice shall contain a statement setting forth in summary form the grounds of the claim, and the name of the arbitrator appointed by the Contracting Party instituting such proceedings. Within sixty days from after the date giving of his nominationsuch notice the respondent Contracting Party shall notify the Contracting Party instituting proceedings of the name of the arbitrator appointed by the respondent Contracting Party. 46. If If, within the periods specified time limits provided for in paragraph 2 4(b), paragraph 4(c) and paragraph 5 of this articleArticle, the required appointment has not been made or the required the approval has not been grantedgiven, either Contracting Party may request the President of the International Court of Justice to make the necessary appointment. If the President is a citizen or permanent resident of either Contracting Party or is otherwise unable to act, the Vice-President shall be invited to make the appointment. If the Vice-President is a citizen or permanent resident of either Contracting Party or is unable to act, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national citizen or permanent resident of one of the either Contracting Parties Party shall be invited to make the appointment. 57. In case any arbitrator appointed as provided for in this Article shall resign or become unable to act, a successor arbitrator shall be appointed in the same manner as prescribed for the appointment of the original arbitrator and the successor shall have all the powers and duties of the original arbitrator. 8. The President Arbitral Tribunal shall convene at such time and place as shall be fixed by the Chair of the Arbitral Tribunal. Thereafter, the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsdetermine where and when it shall sit. 69. The arbitral tribunal Arbitral Tribunal shall decide on all questions relating to its competence and shall, subject to any agreement between the basis Contracting Parties, determine its own procedure taking into account the Permanent Court of Arbitration Optional Rules for Arbitrating Disputes Between Two States. 10. Before the Arbitral Tribunal makes a decision, it may at any stage of the provisions of proceedings propose to the Contracting Parties that the dispute be settled amicably. The Arbitral Tribunal shall reach its award by majority vote. The Arbitral Tribunal will decide disputes in accordance with this Agreement and the applicable rules and principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingslaw. 711. Each Contracting Party shall bear the costs of its appointed arbitrator and the arbitrator, as well as those relating to cost of its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings Chair of the Arbitral Tribunal and other expenses associated with the conduct of the arbitration shall be removed borne in equal parts by both Contracting Parties. The Arbitral Tribunal may decide, however, that a higher proportion of costs shall be borne by one of the contracting parties unless they agree otherwiseContracting Parties. 812. The decisions Arbitral Tribunal shall afford to the Contracting Parties a fair hearing. Any award shall be rendered in writing and shall state its legal basis. A signed counterpart of the Tribunal award shall be transmitted to each Contracting Party. An award shall be final and binding on both contracting partiesthe Contracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences between Each Contracting Party shall accord sympathetic consideration to, and shall afford adequate opportunity for consultations through diplomatic channels regarding, such representations as the contracting parties concerning other Contracting Party may make with respect to any matter affecting the interpretation and application of this Agreement shall be settled as far as possible through amicable negotiationsAgreement. 2. If no reaches an agreement Any dispute between the Contracting Parties as to the interpretation or application of this Agreement, not satisfactorily adjusted by diplomacy within six months of the date of the notification within six months of the date of the notification of the disputemonths, either Contracting Party may submit it shall be referred for decision to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3tribunal. The Such arbitral tribunal shall consist be composed of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitrationarbitrators, with each Contracting Party shall appoint an arbitrator. Those two arbitrators appointing one arbitrator within thirty days a period of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty sixty (60) days from the date of his nomination. 4. If within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been granted, receipt by either Contracting Party may from the other Contracting Party of a note requesting arbitration of the dispute, and the third arbitrator to be agreed upon as Chairman by the two arbitrators so chosen within a further period of sixty (60) days, provided that the third arbitrator shall not be a national of either Contracting Party. 3. If the third arbitrator is not agreed upon between the arbitrators appointed by each Contracting Party within the further period of sixty (60) days referred to in paragraph 2, the Contracting Parties shall request the President of the International Court of Justice to make appoint the appointmentthird arbitrator who shall not be a national of either Contracting Party. 4. If the President of the International Court of Justice is prevented from carrying out the said function a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President of the Court shall be invited to make the necessary appointments. If the Vice-President of the Court is a national of either Contracting PartyParty or if he, too, is prevented from discharging the said function, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge member of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis within a reasonable period of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide time take its decision by a majority of votes votes. Such decision shall determine its own be made in accordance with this Agreement and applicable rules of international law. Such decision shall be final and proceedingsbinding on both Contracting Parties. 76. Each Contracting Party shall bear the costs of the arbitratormember of the arbitral tribunal of its choice, as well as those relating to the costs for its representation in the arbitral arbitration proceedings. The cost of expenses incurred by the Chairman and the remaining as well as any other costs of the arbitration proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8two Contracting Parties. The decisions However, the arbitral tribunal may, at its discretion, direct that a higher proportion or all of such other costs of the Tribunal arbitration proceedings be paid by one of the Contracting Parties. In all other respects, the arbitral tribunal shall be final and binding on both contracting partiesdetermine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes arising between the contracting parties Contracting Parties concerning the interpretation and application of this Agreement shall be settled as far as possible through amicable direct negotiations. 2. If no reaches an agreement cannot be achieved within a period of six months of from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from after the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of after the appointment of the last one, one shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from after the date of his nomination. 4. If within the periods specified in paragraph 2 3 of this articleArticle, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties Contracting Parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the applicable general principles of law recognized by the contracting partiesContracting Parties. The Tribunal shall decide by a majority of votes and shall determine its own rules and proceedingsprocedural rules. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties Contracting Parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled resolved, as far as possible possible, through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement the dispute can not be resolved in that way within six months from the start of the date negotiations, it shall be submitted, at the request of either of the notification within six months of the date of the notification of the disputeContracting Parties, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articlearbitration tribunal. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manneras follows: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be elect a national of a third State, who shall chair the TribunalState as president. The designation of the Chairman arbitrators shall be approved by appointed within three months and the Contracting Parties president within thirty days five months from the date on which either Contracting Party has informed the other of his nominationits intention to submit the dispute to an arbitral tribunal. 4. If within the periods specified in paragraph 2 of this article, the appointment has necessary appointments have not been made or required within the approval has been grantedtime limits provided in section 3 of this Article, either Contracting Party may request may, in the absence of another agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments . If the President of the International Court of Justice is prevented from carrying out the said can not perform this function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge Vice President will be invited to make the relevant designations. If the Vice- President is unable to perform this function or is a national of either of the Contracting Parties, the designations shall be made by the oldest member of the aforementioned Court who in seniority who is not a national of one either of the Contracting Parties shall make the appointmentParties. 5. The President of the Tribunal arbitral tribunal shall be a national citizen of a third State with which both contracting parties maintain the Contracting Parties have diplomatic relations. 6. The arbitral tribunal shall decide render its opinion on the basis of the provisions of contained in this Agreement and the generally accepted principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingsInternational Law. 7. Unless the Contracting Parties decide otherwise, the court shall establish its own procedure. 8. The court shall adopt its decision by majority vote and that decision shall be final and binding for the Contracting Parties. 9. Each Contracting Party shall bear the costs expenses of the arbitrator, as well as arbitrator appointed by it and those relating related to its representation in the arbitral arbitration proceedings. The cost other expenses, including those of the Chairman and the remaining costs of the proceedings President, shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsdiplomatic channels. (2. ) If no reaches an agreement within a dispute between the Contracting Parties cannot be settled after six months (6) months, it shall, upon request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. (3. ) The arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following mannerway: within Within two (2) months from of the date of notification receipt of the request for arbitration, arbitration each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, tribunal. The appointed members shall then select a third member who shall be a national citizen of a third State, who on the approval of the two Contracting Parties shall chair be appointed as the TribunalChairman of the tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two (2) months from the date of his nominationappointment of the other members. (4. ) If within the periods specified in paragraph 2 (3) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of other agreements, invite the President of the International Court of Justice to make the appointmentsuch appointments. If the President, is a citizen of either Contracting Party or if he otherwise is prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a citizen of either Contracting Party or if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national citizen of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. (5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. ) The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The cost ; the costs of the Chairman and arid the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, in its decision direct, that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties, and this award shall be final and binding on both contracting partiesContracting Parties. The tribunal shall determine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and ot application of this Agreement shall shall, if possible, be settled as far as possible by consultations or negotiations through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement the dispute has not been settled within six months of following the date of on which such consultations or negotiations were requested by either Contracting Party and unless the notification within six months of the date of the notification of the disputeContracting Parties otherwise agree in writing, either Contracting Party may may, by written notice to the other Contracting Party, submit it the dispute to an ad hoc arbitral tribunal in accordance with the following provisions of this articleArticle. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manneras follows: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one member, and these two arbitrators within thirty days of the appointment of the last one, members shall select a third member who shall be agree upon a national of a third State, state as Chairman of the arbitral tribunal who shall chair then be appointed by the Tribunal. The designation of the Chairman two Contracting Parties, Such members shall be approved by the Contracting Parties appointed within thirty days two months, and such Chairman within four months, from the date of his nominationon which either Contracting Party has informed the other Contracting Party that it intends to submit the dispute to an arbitral tribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointment. necessary appointments, If the President of the International Court is a national of Justice is prevented from carrying out the said function either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice-President or if he too is a national of either Contracting Party or is otherwise prevented from discharging the said function, the member of the Court next in seniority, who is not a national of either Contracting Party, the Vice-President shall be invited to make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles as well as such generally recognized rules of international law and the general principles of law recognized by the contracting partiesJaw as may be applicable. 6. The Tribunal tribunal shall decide determine its own procedure, The tribunal shall reach its decision by a majority of votes votes. Such decision shall determine its own rules be final and proceedingsbinding on both Contracting Parties. 7. Each Contracting Party shall bear the costs of the arbitratormember of the arbitral tribunal appointed by that Contracting Party, as well as those relating to the costs for its representation in the arbitral arbitration proceedings. The cost expenses of the Chairman and the remaining as well as any other costs of the arbitration proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8. The decisions two Contracting Parties, However, the arbitral tribunal may, at its discretion, direct that a higher proportion or all of such costs be paid by one of the Tribunal shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall shall, whenever possible, be settled as far as possible through amicable negotiationsthe diplomatic channel. 2. If no reaches an agreement a dispute between the Contracting Parties cannot be settled in this way within six months of from the date of starting the notification within six months negotiations, it shall, upon the request of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted for settlement to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following mannerway: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, tribunal and these two members shall select a the third member who shall be - a national of a third State, who shall chair the Tribunalas Chairman. The designation of arbitrators shall be appointed within three months and the Chairman shall be approved by within five months from the date on which either of the Contracting Parties within thirty days from informed the date other Contracting Party of his nominationits intention to submit the dispute for settlement to an arbitral tribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice- President is a national of either Contracting Party or if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President arbitral tribunal shall reach decisions on the basis of compliance with the Tribunal shall be a national law, the provisions of a third State with which both contracting parties maintain diplomatic relationsthis Agreement as well as the generally accepted principles of international law. 6. Unless the Contracting Parties decide otherwise, the arbitral tribunal shall lay down its own work procedure. 7. The arbitral tribunal shall decide on reach the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide decision by a majority of votes and this decision shall determine its own rules be final and proceedingsbinding on both Contracting Parties. 78. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation own representative and his participation in the arbitral arbitration proceedings. The cost other costs, including those of the Chairman and the remaining costs of the proceedings Chairman, shall be removed borne in equal parts by the contracting parties unless they agree otherwisetwo Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest The differences between the contracting parties Contracting Parties concerning the interpretation and or application of the provisions of this Agreement shall be settled as far as possible through amicable negotiationsdiplomatic channels. 2. If no reaches both Contracting Parties cannot reach an agreement within six months of the date start of negotiations, the dispute shall be submitted, at the request of either of the notification within six months Contracting Parties, to an arbitral tribunal consisting of three members. Each Contracting Party shall appoint one arbitrator, and these arbitrators must appoint a president of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions who is a citizen of this articlea third country. 3. The arbitral tribunal shall consist If one of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from did not appoint its arbitrator and it did not consider the date invitation of his nomination. 4. If within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been granted, either other Contracting Party may to make that appointment within two months, that arbitrator must be appointed, at the request of that Contracting Party, by the President of the International Court of Justice to make the appointmentJustice. 4. If both arbitrators found it impossible to reach an agreement regarding the selection of the president of the arbitral tribunal within two months after their appointment, that president must be appointed, upon the request of either of the Contracting Parties, by the President of the International Court of Justice. 5. If, in the two cases mentioned in paragraphs 3 and 4 of this article, the President of the International Court of Justice is prevented from carrying out unable to accomplish the said function mission or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, that appointment must be made by the Vice-President of the International Court of Justice, and if the latter is unable to accomplish the aforementioned mission or if he is a national of either of the Contracting Parties, that appointment must be made by a judge of the International Court who of Justice judge that follows in seniority who is not a national of one any of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsParties. 6. Subject to the other provisions agreed upon by the two Contracting Parties, the arbitral tribunal shall decide its legal procedures. 7. The arbitral tribunal issues its decisions on the basis of respect for the law, the provisions contained in this agreement, and the provisions of any other agreements in effect between the Contracting Parties, as well as on the basis of recognized principles of international law. 8. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized reach its decisions by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingsvote. 79. Each Contracting Party shall bear the costs expenses of the arbitrator, as well as those relating to arbitrator it has appointed and the expenses of its representation in the arbitral proceedings. The cost Both Contracting Parties shall share equally the expenses of the Chairman president of the arbitral tribunal and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwiseexpenses. 810. The decisions of the Tribunal shall be arbitral tribunal are final and binding on both contracting partieseach Contracting Party.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled as far as possible through amicable by negotiations. 2. If no reaches an agreement the manner specified in paragraph 1 of this Article, the dispute is not settled within (6) six months of from the date of the notification within six months receipt of the date written notice of the notification negotiations, it is at the request of one of the dispute, either Contracting Party Parties may submit it be submitted to an ad hoc arbitral tribunal ah os in accordance with the provisions of this article. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following mannerway: within two (2) months from the date of notification receipt of the request for notice of arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last onearbitral tribunal. Then, these two members shall select a third member who shall be a national of a third State, who on approval of the two Contracting Parties shall chair be appointed Chairman of the Tribunalarbitral tribunal. The designation Chairman of the Chairman arbitral tribunal shall be approved by the Contracting Parties appointed within thirty days three (3) months from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 3 of this articleArticle, the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request the President of the International Court of Justice to make the appointmentsuch appointments. If the President chairman of the International Court of Justice is prevented from carrying out a national of either Contracting Party or is otherwise unable to perform the said function function, then make the necessary appointments invited the Deputy President of the International Court. If the deputy chairman of the International Court of Justice is also a national of either Contracting Party or if he is otherwise unable to perform the said function, then make the necessary appointments offered to the next in seniority member of the International Court of Justice who is not a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President Chairman of the Tribunal arbitral tribunal shall be a national citizen of a third the State with which both contracting parties the Contracting Parties maintain diplomatic relations. 6. The arbitral tribunal shall decide render its decision by majority vote. This decision is final and binding on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingsboth Contracting Parties. 7. Each Contracting Party shall bear the costs expenses related to the activities of its own appointed member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral arbitration proceedings. The cost of costs associated with the arbitration court Chairman and the remaining costs of the proceedings other expenses The Contracting Parties shall be removed bear in equal parts by the contracting parties unless they agree otherwise. 8shares. The decisions of the Tribunal arbitral tribunal shall be final and binding on both contracting partiesdetermine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled shall, as far as possible possible, be settled by negotiations through amicable negotiationsthe diplomatic channels. 2. If no reaches the Contracting Parties cannot reach an agreement within six months from the beginning of the date negotiations, it shall, upon the request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articlearbitration tribunal. 3. The arbitral arbitration tribunal shall consist of three members and shall be constituted in the following manner: within ad hoc as follows. Within two months from the date of notification of on which either Contracting Party receives from the other Contracting Party a request for arbitration, each Contracting Party shall appoint an one arbitrator. Those These two arbitrators shall together, within thirty days of the appointment of the last onea further two month period, shall select a third member arbitrator who shall be is a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be third arbitrator, once approved by the two Contracting Parties within thirty days from Parties, shall serve as Chairman of the date of his nominationarbitral tribunal. 4. If within the periods specified in the paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentany necessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, or is otherwise prevented from discharging this function, the Vice-President shall be invited to make the appointment, and if necessary appointments. If the latter is prevented or Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the member of the Contracting Parties, the judge International Court of the Court who Justice next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral arbitration tribunal shall decide on the basis of the rules contained in this Agreement and in other agreements in force between the Contracting Parties as well as of the principles of international law. 6. The tribunal shall determine its procedure subject to the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal tribunal shall decide reach its decisions by a majority of votes votes. Such decisions shall determine its own rules be final and proceedingsbinding on the Contracting Parties. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to arbitrator appointed by itself and of its representation in the arbitral proceedingsrepresentation. The cost of the Chairman and chairman as well as the remaining other costs of the proceedings shall will be removed born in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties and such award shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties concerning the interpretation and or application of this Agreement shall be settled as far as possible through amicable negotiationsdiplomatic channels. 2. If no reaches an the contracting Parties do not reach agreement amicably within six months from the beginning of negotiations, the dispute shall be submitted, at the request of either of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it two contracting parties to an ad hoc arbitral tribunal in accordance with the provisions of this articlearbitration tribunal. 3. The arbitral arbitration tribunal shall consist of three members and shall be constituted in the following manneras follows: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be elect a national of a third State, who State as Chairman. the two arbitrators shall chair the Tribunal. The designation of be appointed within three months and the Chairman shall be approved by the Contracting Parties within thirty days five months from the date one Contracting Party has informed the other contracting party of his nominationits intention to submit the dispute to an arbitration tribunal. 4. If within the periods specified in paragraph 2 3 of this article, the appointment member of the arbitral tribunal has not been made or required the approval has been granteddesignated, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentappointments. If if the President of the International Court of Justice is prevented from carrying out cannot discharge the said function or if he is a national of either Contracting Party, Party shall be invited to the Vice-President shall of the International Court of Justice to make the appointment, and necessary appointments. if the latter is prevented Vice-President cannot discharge the said function or is a national of either Contracting Party the appointment shall be made by the member of the International Court of Justice to continue in seniority who is not a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President arbitration tribunal shall deliver its opinion on the basis of respect for the Tribunal shall be a national law, to the rules contained in this Agreement or in other agreements in force between the contracting parties, and on the universally recognized principles of a third State with which both contracting parties maintain diplomatic relationsInternational Law. 6. The arbitral Unless the Contracting Parties decide otherwise, the tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting partiesdetermine its own procedure. 7. The Tribunal tribunal shall decide reach its decision by a majority of votes and it shall determine its own rules be final and proceedingsbinding on both contracting parties. 78. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to arbitrator appointed by it and its representation in the arbitral proceedings. The cost of the Chairman and other expenses, including the remaining costs of the proceedings President, shall be removed in equal parts borne equally by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes arising between the contracting parties concerning the interpretation and application of this Agreement shall be settled as far as possible through amicable negotiations. 2. If no reaches an agreement cannot be achieved within a period of six months of from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those Ithese two arbitrators within thirty days of one month from the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days one month from the date of his nomination. 4. If within the periods specified in paragraph 2 3 of this article, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointmentdelegation. If the President of the International Court of Justice is prevented from carrying out discharging the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles Principles of international law International Law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, arbitrator concerned as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed settled in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties concerning Contracting Parties regarding the interpretation and or application of the provisions of this Agreement shall be settled as far as possible through amicable negotiationsthe diplomatic channels. (2. ) If no reaches both Contracting Parties cannot reach an agreement within six months after the beginning of the date dispute between themselves, the dispute shall, upon request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each members. Each Contracting Party shall appoint an one arbitrator. Those , and these two arbitrators within thirty days of the appointment of the last one, shall select nominate a third member chairman who shall shaft be a national citizen of a third State, who shall chair the Tribunal. The designation . (3) If one of the Chairman shall be approved by the Contracting Parties has not appointed its arbitrator and has not followed the invitation of the other Contracting Party to make that appointment within thirty days from the date of his nomination. 4. If within the periods specified in paragraph 2 of this articletwo months, the appointment has not been made or required arbitrator shall be appointed upon the approval has been granted, either request of that Contracting Party may request by the President of the International Court of Justice to make Justice. (4) If both arbitrators cannot reach an agreement as concerns the choice of the chairman within two months after their appointment. If , 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 he is a national citizen of either Contracting Party, the appointment shall be made by the Vice-President shall make the appointmentPresident, and if the latter is prevented or if he is a national citizen of either Contracting Party, the appointment shall be made by the most senior Judge of the Court who is not a citizen of either Contracting Party. (6) Subject to other provisions made by the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingsprocedure. (7. ) Each Contracting Party shall bear the costs cost of the arbitrator, as well as those relating to arbitrator it has appointed and of its representation in the arbitral proceedings. The cost of the Chairman chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 8. (8) The decisions of the Tribunal shall be tribunal are final and binding on both contracting partiesfor each Contracting Party.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement within six months a dispute between the Contracting Parties cannot thus be settled, it shall upon the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following manner: within way. Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, State who on approval by the two Contracting Parties shall chair be appointed Chairman of the Tribunaltribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two(2) months from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of xxx other agreement, Invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party of if he is otherwise prevented from discharging the said function, the Vice- President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party of if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The ; the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties, and this award shall be final and binding on both contracting partiesContracting Parties. The tribunal shall determine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences The controversies between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled either by as far as possible possible, through amicable diplomatic negotiations. 2. If no reaches an agreement a dispute under paragraph 1 of this Article cannot be resolved within six months months, at the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Contractors will be submitted to an ad hoc a three-member arbitral tribunal in accordance with the provisions of this articletribunal. 3. The This arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each ad hoc. Each Contracting Party shall appoint an arbitrator. Those a member and these two arbitrators within thirty days of the appointment of the last one, members shall select a third member who shall be agree on a national of a third State, who shall chair the TribunalState as its President. The designation These members will be appointed within two months of the Chairman shall be approved by date on which one of the Contracting Parties has informed the other Contracting Party of their intention to refer the dispute to an arbitration tribunal whose chairman shall be appointed within thirty days from the date of his nominationtwo months. 4. If within the periods specified in paragraph 2 3 of this article, the appointment has Article are not been made or required the approval has been grantedobserved, either Contracting Party may request may, in the absence of any other relevant agreement, invite the President of the Court International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either any of the Contracting PartyParties or is otherwise prevented from performing this function, the Vice-President shall or, in the event of his or her incapacity, the next member of the International Court of Justice in terms of seniority, according to the Court's Rules of Procedure must be invited, under the same conditions, to make the appointment, and if the latter is prevented or is appointments necessary. The appointed judge must be a national of either of a State which has diplomatic relations with the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President arbitral tribunal shall establish its own rules of procedure, unless the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsContracting Parties decide otherwise. 6. The arbitral tribunal shall decide on the basis of the provisions of take its decision pursuant to this Agreement and in accordance with the principles rules of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal shall decide decision is taken by a majority of votes shall determine its own rules votes; the decision will be final and proceedingsbinding. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its own member and his legal representation in the arbitral proceedingsarbitration procedure. The cost of the Chairman President's costs and the remaining costs will be borne by equal shares by both Contracting Parties. However, the Court may, in its judgment determine another distribution of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwisecosts. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties concerning Contracting Parties relating to the interpretation and interpretation, application or termination of this Agreement shall shah be settled as far as possible through amicable negotiationssettled, if possible, by diplomatic channels. (2. ) If no reaches an agreement the dispute has not been settled within a period of six months of from the date on which the matter w r as raised by either Contracting Party, it may be submitted at the request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articlemi.Arbitral Tribunal. (3. ) The arbitral tribunal shall consist of three members and said Tribunal shall be constituted in created as follows for each specific case: each Contracting Party shall appoint one arbitrator, and the following manner: two arbitrators thus appointed shall appoint by mutual agreement a citizen of a third country, who shall be designated as Chairman of the Tribunal. All the arbitrators must be appointed within two months from the date of notification of the request for arbitration, each by one Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days to the other Contracting Party of its intention to submit the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nominationdispute to arbitration. (4. ) If within the periods period specified in paragraph 2 of this article, the appointment has (3) above have not been made or required the approval has been grantedrespected, either Contracting Party may request in the absence of any other agreement shall invite the President of the International Court of Justice to make the appointmentfire necessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national citizen of either Contracting Party, or if he is otherwise prevented from discharging the said function, the Vice- President, who is not a citizen of either Contracting Party, shall make the necessary appointments. If the Vice-President shall make the appointment, and if the latter is prevented or is a national citizen of either of Contracting Party or if he is also prevented from discharging the Contracting Partiessaid function, the judge member of the Court who next in seniority who is not a national citizen of one of the either Contracting Parties shall Party should make the appointmentnecessary appointments. (5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. ) The Tribunal shall decide reach its decisions by a majority of votes votes. These decisions shall determine be final and legally binding upon the Contracting Parties. They shall be taken in conformity with file provisions of this Agreement, and the related principles of International Law. (6) The Tribunal shall set its own rules and proceedingsof procedure. It shall interpret its award at the request of either Contracting Party, The venue of arbitration is the seat of the Permanent Court of Arbitration at the Hague (Netherlands). (7. Each ) Unless otherwise decided by the Tribunal, each Contracting Party shall bear the costs cost of the arbitrator, as well as those relating to arbitrator it has appointed and of its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of the provisions of this Agreement shall be settled as far as possible through amicable negotiationsnegotiations and consultations. 2. If no reaches an agreement the dispute is not resolved within six 6 (six) months after the receipt of a written request by one of the date Contracting Parties to the other Contracting Party to initiate negotiations, the dispute shall be submitted to the Arbitration Court at the request of one of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articleParties. 3. The arbitral tribunal shall consist of three members and Such Arbitral Tribunal shall be constituted in established for each individual case, for which each Contracting Party shall appoint one member of the following manner: Arbitral Tribunal within two months from the date of receipt of the notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those These two arbitrators within thirty days members of the appointment Court shall then, with the consent of the last oneboth Contracting Parties, shall select a third member who shall be elect a national of a third State, State who shall chair preside over the TribunalCourt of Arbitration. The designation President of the Chairman Court shall be approved by the Contracting Parties appointed within thirty days 4 (four) months from the date of his nominationappointment of the last two members of the Arbitration Court. 4. If the necessary appointments are not made within the periods specified time limits referred to in paragraph 2 3 of this articleArticle, unless otherwise agreed by the appointment has not been made or required the approval has been grantedContracting Parties, either Contracting Party may request shall notify the President of the United Nations International Court of Justice (hereinafter referred to make as the appointmentInternational Court of Justice). can apply. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either any Contracting PartyParty or is unable to comply with the request for any other reason, the Vice-Deputy President of the International Court of Justice shall be invited to make the appointmentnecessary appointments. Also, and if the latter is prevented or is a national of either Deputy President of the Contracting Parties, the judge International Court of the Court who in seniority who Justice is not a national of one of the Contracting Parties or is unable to comply with the request for any other reason,The appointment of a necessary member of the International Court of Justice shall make be offered to a member of the appointmentInternational Court of Justice who is not a national of any Contracting Party and there are no other reasons preventing him from performing this function. 5. The arbitral tribunal shall reach its decision by a majority of votes. Its decision shall be final and binding on the Contracting Parties. Each Contracting Party shall pay the expenses of the member of the arbitral tribunal appointed by it and of its representation in the proceedings. The expenses of the President of the Court and other expenses shall be borne equally by the Contracting Parties. The tribunal may decide otherwise on the payment of costs. In all other respects, the Arbitral Tribunal shall be a national determine its own rules of a third State with which both contracting parties maintain diplomatic relationsprocedure. 6. The arbitral tribunal Matters between the Contracting Parties shall decide on the basis of be settled in accordance with the provisions of this Agreement and the principles generally accepted rules of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingslaw. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties concerning Contracting Parties conceming the interpretation and or application of this the Agreement shall shall, if possible, be settled as far as possible through amicable negotiationsnegotiations between the governments of the Contracting Parties. 2. If no reaches an agreement the dispute cannot thus be settled within six months months, from the start of the date negotiations, it shall upon the request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Parties be submitted to an ad hoc arbitral tribunal Arbitration in accordance with the provisions of this articlearticle and with the approval of the other party. 3. The arbitral tribunal shall consist of three members and Arbitral Tribunal shall be constituted for each individual case in the following mannerway: within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, tribunal. These two members shall then select a third member who shall be a national of a third State, State who on approval of the two Contracting Parties shall chair be appointed as a Chairman of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days three months from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 (3) of this article, tips article the appointment has necessary appointments have not been made, a request may be made or required the approval has been granted, by either Contracting Party may request Parties to the President president of the International Court of Justice to make such appointments. If he happens to be a national of either Contracting Parties or he is otherwise prevented froth discharging the appointmentsaid function, the vice-president shall be invited to make the appointments. If the President vice-president also happens to be a national of either Contracting Party or prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out next in the said function or if he is a national of either Contracting Partyseniority, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the either Contracting Parties shall be invited to make the appointmentappointments. 5. The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal determine its own procedures and shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules be final and proceedings. 7binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of the arbitrator, as well as those relating to its representation own arbitrator and its Council in the arbitral proceedings. The ; the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseboth Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes arising between the contracting parties concerning the interpretation and application of this Agreement shall be settled as far as possible through amicable negotiations. 2. If no reaches an agreement cannot be achieved within six months of officers from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of one month from the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days one month from the date of his nomination. 4. If within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes and shall determine its own rules and proceedingsprocedural rules. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and application of this Agreement shall be settled shall, as far as possible possible, be settled through amicable negotiations. 2. If no reaches an agreement the dispute cannot thus be settled within six months of following the date of the notification within six months of the date of the notification of the dispute, on which either Contracting Party may submit requested such negotiations, it shall at the request of either Contracting Party be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articleArbitral Tribunal. 3. The arbitral tribunal shall consist of three members and Such an Arbitral Tribunal shall be constituted for each individual case in the following manner: within way. Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the Tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, State who on approval by the two Contracting Parties shall chair be appointed Chairman of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days four months from the date of his nominationappointment of the other two members. 4. If the necessary appointments have not been made within the periods specified in paragraph 2 3 of this article, the appointment has not been made or required the approval has been grantedArticle, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority in office who is not a national of one of either Contracting Party or is not otherwise prevented from discharging the Contracting Parties said function, shall be invited to make the appointmentnecessary appointments. 5. The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8votes. The decisions of the Tribunal shall be final and binding on both contracting partiesContracting Parties. Each Contracting Party shall bear the costs of the member appointed by that Contracting Party and of its representation in the arbitral proceedings. Both Contracting Parties shall assume an equal share of the costs of the Chairman, as well as any other costs. The Tribunal may make a different decision regarding the sharing of the costs. In all other respects, the Arbitral Tribunal shall determine its own rules of procedure. 6. Issues subject to dispute referred to in paragraph 1 of this Article shall be decided in accordance with the provisions of this Agreement and the generally recognised principles of international law.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled shall, as far as possible possible, be settled amicably through amicable negotiations. 2consultations and/or other diplomatic channels. If no reaches the Contracting Parties cannot reach an agreement within six (6) months following the date on which the consultations were requested and/or other diplomatic channels were initiated by either Contracting Party, the dispute shall, upon the request of the date of the notification within six months of the date of the notification of the disputeContracting Party, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal tribunal. In the absence of an agreement by the Contracting Parties to the contrary, arbitration proceedings shall be conducted in accordance with the provisions Permanent Court of Arbitration Optional Rules for Arbitrating Disputes between Two States, except as modified by the Contracting Parties or this article. 3Agreement. The arbitral tribunal shall consist of three members and Unless the Parties otherwise agree, the dispute shall be constituted in the following manner: resolved by three member arbitration tribunal. Each Contracting Party shall appoint one arbitrator within two months from the date of notification of on which either Contracting Party receives from the other Contracting Party a request for arbitration, each Contracting Party shall appoint an arbitrator. Those The two arbitrators thus selected shall together within thirty days of the appointment of the last onea further two months period, shall select a third member arbitrator who shall be is a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be third arbitrator once approved by the two Contracting Parties within thirty days from Parties, shall act as Chairman of the date of his nomination. 4arbitral tribunal. If any member of the arbitral tribunal is not selected within the periods specified time frames defined in paragraph 2 3 of this articleArticle, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President Secretary-General of the International Permanent Court of Justice to make Arbitration, upon the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national request of either Contracting Party, shall appoint, in his or her discretion, the Vice-President shall make the appointment, and if the latter is prevented arbitrator or is a national of either arbitrators not yet appointed. The place of the Contracting Partiesarbitration proceedings shall be The Hague, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6Netherlands. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decisions by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8votes. The decisions of the Tribunal shall be final and binding on both contracting partiesupon each Contracting Party. Expenses incurred by the arbitrators, and other costs of the proceedings, shall be borne equally by the Parties. The arbitral tribunal may, however, in its discretion, decide that a higher proportion of costs shall be paid by one of the two Contracting Parties. The language to be used in the arbitral proceedings shall be English.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsdiplomatic channels. (2. ) If no reaches an agreement within a dispute between the Contracting Parties cannot be settled after six months (6) months, it shall, upon request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. (3. ) The arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following mannerway: within Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, trubunal. The appointed members shall then select a third member who shall be a national citizen of a third State, ,who on the approval of the two Contracting Parties shall chair be appointed as the TribunalChairman of the tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other members. (4. ) If within the periods specified in paragraph 2 (3) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of other agreements, invite the President of the International Court of Justice to make the appointmentsuch appointments. If the President is a citizen of either Contracting Party or if he otherwise is prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a citizen of either Contracting Party or if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national citizen of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. (5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. ) The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The cost ; the costs of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties, and this award shall be final and binding on both contracting partiesContracting Parties. The tribunal shall determine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled shall, as far as possible possible, be settled through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement it is not possible to settle the dispute in this way within six months from the start of the date negotiations, it shall be submitted, at the request of either of the notification within six months of the date of the notification of the disputetwo Contracting Parties, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral tribunal shall consist of three members and shall be constituted set up in the following mannerway: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be elect a national of a third State, who shall chair the Tribunalcountry as Chairman. The designation of arbitrators shall be appointed within three months and the Chairman shall be approved by the Contracting Parties within thirty days five months from the date on which either of his nominationthe two Contracting Parties informs the other Contracting Party of its intention to submit the dispute to an arbitral tribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function the Vice- President shall be invited to make the necessary appointments. If the Vice- President is a national of either Contracting Party or if he too is prevented from discharging the said function , the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one either Contracting Party shall be invited to make the necessary appointments. However the Chairman shall be appointed amongst nationals of the a State having diplomatic relations with both Contracting Parties shall make at the time of appointment. 5. The President of Unless the Tribunal Contracting Parties decide otherwise, the arbitral tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationslay down its own procedure. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes and that decision shall determine its own rules be final and proceedingsbinding on both Contracting Parties. 7. Each Contracting Party shall bear the costs expenses of the arbitrator, as well as its own arbitrator and those relating to its representation connected with representing it in the arbitral arbitration proceedings. The cost other expenses, including those of the Chairman and the remaining costs of the proceedings Chairman, shall be removed borne in equal parts by the contracting parties unless they agree otherwisetwo Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest The differences that arise between the contracting parties concerning Contracting Parties regarding the interpretation and application of this Agreement Agreement, shall be settled resolved, as far as possible possible, through amicable friendly negotiations. For this purpose, the Contracting Party considered to be affected shall notify the other Contracting Party in writing of its disagreement. 2. If no reaches an agreement understanding is not reached within six months of from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad Ad-hoc arbitral tribunal Arbitral Trib0unal, in accordance with the provisions of this articleArticle. 3. The arbitral tribunal Arbitral Tribunal shall consist be composed of three members and shall be constituted in the following manneras follows: within Within a period of two months counted from the date of notification of the request for arbitration, each . Each Contracting Party shall appoint an arbitrator. Those two arbitrators arbitrators, within the term of thirty days of counted from the appointment of the last oneof them, shall select will elect a third member who shall must be a national of a third State, who shall chair will preside over the TribunalCourt. The designation appointment of the Chairman shall President must be approved by the Contracting Parties within a period of thirty days days, counted from the date of his nomination. 4. If If, within the periods specified established in paragraph 2 of this article, the appointment designation has not been made made, or the required the approval has not been granted, either of the Contracting Party Parties may request the President of the International Court of Justice to make the appointmentdesignation. If the President of the International Court of Justice is prevented from carrying out the said performing this function or if he is a national of either Contracting Party, the Vice-President shall must make the appointment, appointment and if the latter is prevented unable to do so or is a national of either Contracting Party. , the Judge of the Court who follows him in seniority and who is not a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties Contracting Parties maintain diplomatic relations. 6. The arbitral tribunal Arbitral Tribunal shall decide on the basis of the provisions of this Agreement and agreement, of the principles of international law International Law in the matter and of the general principles of law Law recognized by the contracting partiesContracting Parties. The Tribunal shall Court will decide by a majority of votes shall vote and determine its own rules and proceedingsprocedural rules. 7. Each of the Contracting Party Parties shall bear the costs expenses of the respective arbitrator, as well as those relating related to its their representation in the arbitral proceedingsarbitration process. The cost expenses of the Chairman President and the remaining other costs of the proceedings process shall be removed met in equal parts by the contracting parties Contracting Parties, unless they agree otherwise. 8. The decisions of the Arbitral Tribunal shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 11 . To suggest differences between The Contracting Parties shall consult at the contracting parties request of either of them on matters concerning the interpretation and or application of this Agreement. 2 . The Contracting Parties shall endeavour to resolve any dispute between them concerning the interpretation or application of this Agreement shall be settled as far as possible through amicable by prompt and friendly consultations and negotiations. 23 . If no reaches an agreement a dispute is not resolved by such means within six months of one Contracting Party seeking in writing such negotiations or consultations, it shall be submitted at the date request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal Arbitral Tribunal established in accordance with the provisions of this articleArticle or, by agreement, to any other international tribunal. 34 . The arbitral tribunal Arbitral Tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each persons appointed as follows: (a) Each Contracting Party shall appoint an one arbitrator. Those two ; (b) The arbitrators appointed by the Contracting Parties shall, within thirty days of the appointment of the last onesecond of them, shall by agreement, select a third member arbitrator who shall be a national citizen or permanent resident of a third Statecountry which has diplomatic relations with both Contracting Parties; (c) The Contracting Parties shall, within thirty days of the selection of the third arbitrator, approve the selection of that arbitrator who shall chair the Tribunal. The designation act as Chair of the Chairman Arbitral Tribunal. 5 . Arbitration proceedings shall be approved instituted upon notice being given through diplomatic channels by the Contracting Parties within thirty Party instituting such proceedings to the other Contracting Party. Such notice shall contain a statement setting forth in summary form the grounds of the claim, and the name of the arbitrator appointed by the Contracting Party instituting such proceedings. Within sixty days from after the date giving of his nominationsuch notice the respondent Contracting Party shall notify the Contracting Party instituting proceedings of the name of the arbitrator appointed by the respondent Contracting Party. 46 . If If, within the periods specified time limits provided for in paragraph 2 4(b), paragraph 4(c) and paragraph 5 of this articleArticle, the required appointment has not been made or the required the approval has not been grantedgiven, either Contracting Party may request the President of the International Court of Justice to make the necessary appointment. If the President is a citizen or permanent resident of either Contracting Party or is otherwise unable to act, the Vice-President shall be invited to make the appointment. If the Vice-President is a citizen or permanent resident of either Contracting Party or is unable to act, the Member of the International Court of Justice next in seniority who is not a citizen or permanent resident of either Contracting Party shall be invited to make the appointment.paragraph 4(b), paragraph 4(c) and paragraph 5 of this Article, the required appointment has not been made or the required approval has not been given, either Contracting Party may request the President of the International Court of Justice is prevented from carrying out to make the said function or if he necessary appointment. If the President is a national citizen or permanent resident of either Contracting PartyParty or is otherwise unable to act, the Vice-President shall be invited to make the appointment, and if . If the latter Vice-President is prevented a citizen or permanent resident of either Contracting Party or is a national of either unable to act, the Member of the Contracting Parties, the judge International Court of the Court who Justice next in seniority who is not a national citizen or permanent resident of one of the either Contracting Parties Party shall be invited to make the appointment. 57 . In case any arbitrator appointed as provided for in this Article shall resign or become unable to act, a successor arbitrator shall be appointed in the same manner as prescribed for the appointment of the original arbitrator and the successor shall have all the powers and duties of the original arbitrator. 8 . The President Arbitral Tribunal shall convene at such time and place as shall be fixed by the Chair of the Arbitral Tribunal. Thereafter, the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsdetermine where and when it shall sit. 69 . The arbitral tribunal Arbitral Tribunal shall decide on all questions relating to its competence and shall, subject to any agreement between the basis Contracting Parties, determine its own procedure taking into account the Permanent Court of Arbitration Optional Rules for Arbitrating Disputes Between Two States.Permanent Court of Arbitration Optional Rules for Arbitrating Disputes Between Two States. 10 . Before the Arbitral Tribunal makes a decision, it may at any stage of the provisions of proceedings propose to the Contracting Parties that the dispute be settled amicably. The Arbitral Tribunal shall reach its award by majority vote. The Arbitral Tribunal will decide disputes in accordance with this Agreement and the applicable rules and principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingslaw. 711 . Each Contracting Party shall bear the costs of its appointed arbitrator and the arbitrator, as well as those relating to cost of its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings Chair of the Arbitral Tribunal and other expenses associated with the conduct of the arbitration shall be removed borne in equal parts by both Contracting Parties. The Arbitral Tribunal may decide, however, that a higher proportion of costs shall be borne by one of the contracting parties unless they agree otherwiseContracting Parties. 812 . The decisions Arbitral Tribunal shall afford to the Contracting Parties a fair hearing. Any award shall be rendered in writing and shall state its legal basis. A signed counterpart of the Tribunal award shall be transmitted to each Contracting Party. An award shall be final and binding on both contracting partiesthe Contracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall shall, to the fullest extent possible, be settled as far as possible through amicable negotiationsby negotiations between the Contracting Parties. 2. If no reaches an agreement a dispute between the Contracting Parties cannot be settled in this way within six months of from the date of starting the notification within six months negotiations, it shall, upon the request of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral tribunal shall consist referred to in paragraph 2 of three members and this Article shall be constituted on an ad hoc basis, for each case, in the following mannerway: within two three months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment tribunal. Within two months, these two members shall select the third member of the last onetribunal, shall select a third member who shall be a national of a third State, who shall chair who, with the Tribunal. The designation approval of the Chairman two Contracting Parties, shall be approved by appointed as Chairman of the Contracting Parties within thirty days from the date of his nominationtribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment arbitral tribunal has not been made or required the approval has been grantedconstituted, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice- President is a national of either Contracting Party or if he too is prevented from discharging the said function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide reach decisions on the basis of the provisions of this Agreement Agreement, as well as the generally accepted principles and the principles rules of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal arbitral tribunal shall decide reach decisions by a majority of votes votes. These decisions shall determine be final and binding on both Contracting Parties. The tribunal shall lay down its own rules and proceedingswork procedure. 76. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to its representation tribunal and his participation in the arbitral arbitration proceedings. The cost costs of the Chairman and the remaining other costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences between the contracting parties concerning The Contracting Parties shall, as far as possible, settle any dispute relating to the interpretation and or application of this Agreement through negotiations or other diplomatic channels. Otherwise, the dispute shall be settled as far as possible through amicable negotiations.submitted to a special joint committee composed of representatives of the two parties, which shall meet without delay at the request of one of the contracting parties, 2. If no reaches an agreement the dispute is not settled within six months of from the date of on which such negotiations or other diplomatic channels were requested by either Contracting Party and unless the notification within six months of the date of the notification of the disputeContracting Parties otherwise agree in writing, either Contracting Party may shall submit it the dispute to an ad hoc arbitral tribunal for arbitration in accordance with the provisions of this article.following provisions: 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each a. Each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be agree upon a national of a third State, who shall chair State to be appointed as Chairman of the Tribunaltribunal. The designation of two arbitrators shall be appointed within two months, and the Chairman shall be approved by the Contracting Parties within thirty days four months from the date on which either Contracting Party has informed the other Contracting Party of his nominationits intention to submit the dispute to an arbitral tribunal. 4. b. If within the periods fixed in paragraph 2 (a) above have not been respected, either Contracting Party shall invite the International Court of Justice to make the necessary appointments. If the necessary appointments have not been made within the time limits specified in paragraph 2 of this article, the appointment has not been made or required the approval has been grantedArticle, either Contracting Party may request Parties shall invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function a national of either Contracting Party or if he is prevented to exercise this function by any impediment, the Vice-President of the International Court of Justice shall be invited to make the necessary appointments. If the Vice President is a national of either Contracting PartyParty or is prevented from exercising this functions by any impediment, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either most senior member of the Contracting Parties, the judge International Court of the Court who in seniority Justice who is not a national of one of the Contracting Parties shall be invited to make the appointmentappointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 63. The arbitral tribunal shall decide determine its own procedures, and the arbitral tribunal shall take its decision on the basis of the provisions of this Agreement and the principles of agreement as well as international law and the general principles of law recognized by the contracting partieslaw. The Tribunal arbitral tribunal shall decide take decisions by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedingsvotes. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The tribunal’s decisions of the Tribunal shall be final and binding on both contracting parties. 4. Each contracting party shall bear the expenses of its arbitrator in the arbitration procedure, while the expenses of the president and the remaining expenses shall be divided equally between the two contracting parties. 5. Each Contracting Party shall undertake to implement this decision in accordance with its laws and regulations.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute arising between the contracting parties concerning the interpretation and application of this Agreement shall be settled as far as possible through amicable diplomatic negotiations. 2. If no reaches an agreement cannot be achieved within six (6) months of from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal tribunal, in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: (2) within two months from after the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty (30) days of after the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from after the date of his nomination. 4. If within the periods specified in paragraph 2 3 of this article, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the applicable general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes and shall determine its own rules and proceedingsprocedural rules. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed settled in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any disputes which may arise between the contracting parties concerning Contracting Parties relating to the interpretation and application of this Agreement shall be settled agreement shall, as far as possible possible, be settled amicably through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement In the event that the dispute cannot be settled within six months of the date on which one of the notification within six months Contracting Parties notifies, in writing, the other Contracting Party, the dispute shall at the request of one of the date of the notification of the disputeContracting Parties, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal Arbitration Tribunal as provided in accordance with the provisions of this articleArticle. 3. The arbitral tribunal shall consist of three members and Arbitration Tribunal shall be constituted in the following manner: of three arbitrators. Each Contracting Party shall appoint one arbitrator, within two months from the date of notification time a request for arbitration from one Party is received by the other. The two arbitrators shall, within three months, choose the third arbitrator. Such third arbitrator shall act as the presiding arbitrator of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. If If, within the periods period specified in paragraph 2 3 of this articleArticle, the appointment has appointments have not been made or required each of the approval has been grantedtwo Contracting Parties can, either Contracting Party may request in default of other arrangement, ask the President of the International Court of Justice to make the appointmentappointments. In the event that the President of the Court is a national of one of the Contracting Parties or if is, for any reason, unable to make the appointments, the application shall be made to the Vice-President. If for any reason the Vice President of the Court is a national of one of the Contracting Parties, or is unable to make the appointment the most senior member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting PartyJustice, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties Parties, shall be requested to make the appointmentappointments.paragraph 3 of this Article, the appointments have not been made each of the two Contracting Parties can, in default of other arrangement, ask the President of the International Court of Justice to make the appointments. In the event that the President of the Court is a national of one of the Contracting Parties or if is, for any reason, unable to make the appointments, the application shall be made to the Vice-President. If for any reason the Vice President of the Court is a national of one of the Contracting Parties, or is unable to make the appointment the most senior member of the International Court of Justice, who is not a national of one of the Contracting Parties, shall be requested to make the appointments. 5. The President of the Arbitration Tribunal shall take decision by a majority vote, and its decisions shall be a national binding. Both Contracting Parties shall pay the, costs of a third State with which both contracting parties maintain diplomatic relationstheir own arbitrators and of their representative at the hearings. The Presidents costs and any other costs shall be divided equally between the Contracting Parties. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Arbitration Tribunal shall decide by a majority of votes shall determine lay down its own rules and proceedingsprocedures. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes arising between the contracting parties concerning the interpretation and application of this Agreement shall be settled as far as possible through amicable direct negotiations. 2. If no reaches both Contracting Parties cannot reach an agreement within six months of the date of the notification within six months of the date dispute shall be submitted, at the request of the notification of the dispute, either any Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions composed of this articlethree members. Each Contracting Party shall appoint one arbitrator and these two arbitrators shall nominate a Chairman who shall be a national of a third State. 3. The arbitral tribunal shall consist If one of three members the Contracting Parties has not appointed its arbitrator and shall be constituted in has not accepted the following manner: invitation of the other contracting party to make that appointment within two months from after the date of notification of the request for arbitration, each the arbitrator shall be appointed upon the request of that Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. If within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointmentJustice. 4. If the two arbitrators cannot reach an agreement about 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 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 is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented from doing so or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 56. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties7. The Tribunal shall decide take its decision by a majority of votes votes. In all other respects, the procedure of the arbitral tribunal shall determine its own rules and proceedingsbe determined by the Tribunal itself. 78. The arbitral award shall be final and binding on the contracting parties. 9. Each Contracting Party shall bear the costs cost of the arbitrator, member appointed by that Contracting Party as well as those relating to the costs for its representation in the arbitral arbitration proceedings. The ; the cost of the Chairman and the remaining as well as any other costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both two contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences The Contracting Parties shall seek in good faith and a spirit of a rapid and equitable solution to any dispute between the contracting parties them concerning the interpretation and or application of this Agreement shall be settled as far as possible through amicable negotiationsAgreement. In this regard, the Contracting Parties agree to engage in direct and meaningful negotiations to arrive at such solutions. 2. If no reaches the Contracting Parties cannot reach an agreement within six (6) months after the beginning of disputes between themselves through the date foregoing procedure, the disputes may be submitted, upon the request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, to an ad hoc arbitral tribunal in accordance with the provisions of this articlethree members. 3. The arbitral tribunal shall consist Within two (2) months of three members and shall be constituted in the following manner: within two months from the date receipt of notification of the request for arbitrationa request, each Contracting Party shall appoint an arbitrator. Those The two arbitrators within thirty days of the appointment of the last one, shall select a third member arbitrator as Chairman, who shall be is a national of a third State, who shall chair . In the Tribunal. The designation of the Chairman shall be approved by the event either Contracting Parties within thirty days from the date of his nomination. 4. If Party fails to appoint an arbitrator within the periods specified in paragraph 2 of this articletime, the appointment has not been made or required the approval has been granted, either other Contracting Party may request the President of the International Court of Justice to make the appointment. 4. If both arbitrators cannot reach an agreement about the choice of the Chairman within two (2) months after their appointment, the Chairman 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 2 and 3 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 of either Contracting Party, the appointment shall be made by the Vice-President shall make the appointmentPresident, and if the latter Vice-President is prevented from carrying out the said function or if he is a national of either of the Contracting PartiesParty, the judge appointment shall be made by the most senior member of the Court who in seniority who is not a national of one of the either Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsParty. 6. The tribunal shall have three (3) months from the date of the selection of the Chairman to agree upon rules of procedure consistent with the other provisions of this Agreement. In the absence of such agreement, the tribunal shall request the President of the International Court of Justice to designate rules of procedure, taking into account generally recognized rules of international arbitral procedure. 7. Unless otherwise agreed, all submissions shall be made and all hearings shall be completed within eight (8) months of the date of selection of the Chairman, and the tribunal shall render its decision within two (2) months after the date of the final submissions or the date of the closing of the hearings, whichever is later. The arbitral tribunal shall decide reach its decisions, which shall be final and binding, by a majority of votes. Arbitral Tribunal shall reach its decision on the basis of the provisions of this Agreement and the principles of in accordance with international law and applicable between the general principles of law recognized Contracting Parties. 8. Expenses incurred by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules Chairman, the other arbitrators, and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining other costs of the proceedings shall be removed in equal parts paid for equally by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, at its discretion, decide that a higher proportion of the Tribunal costs be paid by one of the Contracting Parties, 9. A dispute shall not be final submitted to an international arbitral tribunal under the provisions of this Article, if a dispute on the same matter has been brought before another international arbitral tribunal under the provisions of Article 10 and binding on is still before the tribunal. This will not impair the engagement in direct and meaningful negotiations between both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsthe diplomatic channel, which may include, if both Contracting Parties so desire, referral to a Bilateral Commission composed of representatives of both Contracting Parties. (2. ) If no reaches an agreement a dispute between the Contracting Parties cannot thus be settled within six months of the date of the notification within six months of the date of the from notification of the dispute, it shall, upon the request of either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. (3. The ) Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following mannerway: within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third StateState who, who on approval by the two Contracting Parties, shall chair be appointed Chairman of the Tribunaltribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other two members. (4. If ) If, within the periods specified in paragraph 2 (3) of this articleArticle, the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the President absence of any other agreement, invite the Secretary General of the International Permanent Court of Justice Arbitration of the Hague to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointmentany necessary appointments. (5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. ) The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The ; the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions of the Tribunal tribunal shall be final and binding on both contracting partiesdetermine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes arising between the contracting parties concerning Contracting Parties with respect to the interpretation and or application of this Agreement shall be settled settled, as far as possible possible, through amicable negotiationsconsultations. Such consultations shall be requested in writing by either Contracting Party. 2. If no reaches an agreement Any dispute between the Contracting Parties as to the interpretation or application of this Agreement, not satisfactorily settled through consultations within six months of sixty (60) days after the date of the notification within six months of the date of the notification of the disputerequest for consultation referred to in paragraph 1, either Contracting Party may submit it shall be referred for decision to an ad hoc arbitral tribunal in accordance with the provisions of this articlearbitration board. 3. The arbitral tribunal An arbitration board referred to in paragraph 2 shall consist be established for each dispute. Such arbitration board shall be composed of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitrationarbitrators, with each Contracting Party shall appoint an arbitrator. Those two arbitrators appointing one arbitrator within a period of thirty days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty (30) days from the date of his nominationreceipt by either Contracting Party from the other Contracting Party of request for arbitration through diplomatic channels, and the third arbitrator to be agreed upon as President by the two arbitrators so chosen within a further period of thirty (30) days, provided that the third arbitrator shall not be a national of either Contracting Party nor be affiliated with either of the Contracting Parties, nor have dealt with the dispute. 4. If the necessary appointments referred to in paragraph 3 have not been made within the periods specified referred to in paragraph 2 of this article, the appointment has not been made or required the approval has been grantedthat paragraph, either Contracting Party may may, unless otherwise agreed, request the President of the International Court of Justice to make the appointmentsuch appointments. If the President of the International Court of Justice is prevented from carrying out performing the said function above mentioned duty or if he is a national of either Contracting Party, the Vice-President shall be requested To make the appointment, and if necessary appointments. If the latter Vice-President is prevented from performing the above-mentioned duty or is a national of either of the Contracting PartiesParty, the necessary appointments shall be made by the most senior judge of the Court who in seniority who is not a national of one of the either Contracting Parties shall make the appointmentParty. 5. The President of the Tribunal arbitration board shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6determine its own procedural rules. The arbitral tribunal arbitration board shall decide on the basis of the provisions of dispute in accordance with this Agreement and the rules and principles of international law and applicable to the general principles of law recognized by the contracting partiessubject matter. The Tribunal arbitration board shall decide reach its decisions by a majority of votes votes. Such decisions shall determine its own rules be final and proceedingsbinding. Unless otherwise agreed, the decision shall be rendered within six months following the appointment of the President of the arbitration board in accordance with paragraphs 3 and 4. 76. Each Contracting Party shall bear the costs cost of the arbitrator, as well as those relating to its own arbitrator and its representation in the arbitral proceedings. The cost of the Chairman President of the arbitration board in discharging his or her duties and the remaining costs of the proceedings arbitration board shall be removed in equal parts borne equally by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions fees and expenses of the Tribunal shall be final arbitrators may not exceed the limits established from time to time in the ICSID and binding on both contracting partieseffective at the time of the establishment of the arbitration board.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled as far as possible be settled through amicable negotiationsconsultations. 2. If no reaches an agreement it were not possible to settle the dispute in this way within six months from the start of the date consultations, it shall be submitted, at the request of the notification within six months of the date of the notification of the disputeboth Contracting Parties, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following mannerway: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall then select a third member who shall be a national of a third StateState who, who upon approval by the two Contracting Parties, shall chair be appointed as Chairman of the Tribunaltribunal. The designation These two arbitrators, each selected by a Contracting Party, shall be appointed within sixty days from the receipt of the request for arbitration and the Chairman shall be approved by the Contracting Parties appointed within thirty sixty days from the date of his nominationappointment of these two arbitrators. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request in the President absence of any other agreement, invite the International Court of Justice Arbitration of the International Chamber of Commerce to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide issue its decision on the basis of the provisions of contained in this Agreement as well as the rules and the principles of international law as may be applicable. 6. Unless the Contracting Parties decide otherwise, the arbitral tribunal shall determine its own procedure and the general principles place of law recognized by the contracting partiesarbitration. 7. The Tribunal arbitral tribunal shall decide reach its decision by a majority of votes and that decision shall determine its own rules be final and proceedingsbinding on both Contracting Parties. Unless otherwise agreed, the decision of the arbitral tribunal shall be rendered within six months of the appointment of the Chairman in accordance with paragraph 3 or 4 of this Article. 78. Each Contracting Party shall bear the costs expenses of the arbitrator, as well as its own arbitrator and those relating to its representation connected with representing it in the arbitral arbitration proceedings. The cost other expenses, including those of the Chairman and the remaining costs of the proceedings Chairman, shall be removed in equal parts borne equally by the contracting parties unless they agree otherwisetwo Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes which may arise between the contracting parties concerning Contracting Parties on the interpretation and application or implementation of this Agreement shall be settled as far as possible by the Governments of the two Contracting Parties through amicable negotiationstheir diplomatic channels. (2. ) If no reaches an agreement a dispute cannot be resolved in this way, within a period of six months of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from the date of notification on which one of the Contracting Parties has initiated it, it shall be submitted to an arbitration tribunal at the request for arbitration, each of one of the Contracting Parties. (3) The arbitration tribunal shall be established on an ad hoc basis. Each Contract- ing Party shall appoint an arbitrator. Those one member, and the two arbitrators within thirty days of the appointment of the last one, members shall select a third member who shall be agree to elect as chair- man a national of a third State, who State which shall chair be selected by the TribunalGovernments of the two Contracting Parties. The designation of the Chairman members shall be approved by nominated and appointed within a period of two months and the chairman within a period of three months, from the time when one of the Contracting Parties within thirty days from has notified the date of his nominationother that it wishes to submit the dispute to an ar- bitration tribunal. (4. ) If within the periods specified deadlines provided for in paragraph 2 3 are not observed, and in the absence of this article, the appointment has not been made or required the approval has been grantedany other arrangement, either Contracting Party may request the President of the International In- ternational Court of Justice to make the appointmentnecessary appointments. In the event that the President should be a national of one of the Contracting Parties or should find himself prevented for other reasons from making the appointments, it shall be the task of the Vice President to perform them. If the Vice President of the International Court of Justice is prevented from carrying out the said function or if he is should also be a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either one of the Contracting PartiesParties or should also find himself prevented from making these appoint- ments, it shall be the judge responsibility of the Court who in seniority next senior member of the court who is not a national of one of the Contracting Parties shall to make the appointmentappointments. (5) The arbitration tribunal shall take its decisions by simple majority. The President of the Tribunal Its decisions shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7binding. Each Contracting Party shall bear the costs caused by the activity of the its own arbitrator, as well as those relating to the costs of its representation in at the arbitral arbitration proceedings. The cost of the Chairman and the remaining costs of the proceedings chairman, as well as any other costs, shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8two Contracting Parties. The decisions arbitration tribunal shall determine its own way of the Tribunal shall be final and binding on both contracting partiesproceed- ing.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and application of this Agreement shall be settled shall, as far as possible possible, be settled through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement a dispute according to paragraph 1 of this Article cannot be settled within six months (6) months, it shall, upon the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The Such arbitral tribunal shall consist be constituted on an ad hoc basis as follows: each Contracting Party shall appoint one arbitrator and these two arbitrators shall agree upon a national of three members and a third State as their chairman to be appointed by the two Contracting Parties. Such arbitrators shall be constituted in the following manner: appointed within two (2) months from the date one Contracting Party has informed the other Contracting Party, of notification its intention to submit the dispute to an arbitral tribunal and the chairman shall be appointed within four (4) months following the appointment of the two arbitrators. Such an Arbitral Tribunal shall be constituted for each individual case in the following way. Within two (2) months of the receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the Tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, State who on approval by the two Contracting Parties shall chair be appointed Chairman of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days four (4) months from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 3 of this article, the appointment has Article are not been made or required the approval has been grantedobserved, either Contracting Party may request may, in the absence of any other relevant arrangement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting PartiesParties or if he is otherwise prevented from discharging the said function, the judge Vice-President or in case of his inability the member of the International Court who of Justice next in seniority who is not a national of one of should be invited under the Contracting Parties shall same conditions to make the appointmentnecessary appointments. 5. The President tribunal shall establish its own rules of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsprocedure. 6. The arbitral tribunal shall decide reach its decision on the basis of the provisions of this present Agreement and the principles applicable rules of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal It shall decide reach its decision by a majority of votes votes; the decision shall determine its own rules be final and proceedingsbinding. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its own member and of its legal representation in the arbitral arbitration proceedings. The cost costs of the Chairman chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8both Contracting Parties. The decisions tribunal may, however, in its award determine another distribution of the Tribunal shall be final and binding on both contracting partiescosts.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall shall, whenever possible, be settled as far as possible amicably through amicable negotiationsconsultations. 2. If no reaches an agreement within six months a dispute cannot be settled through consultations, it shall, at the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articlefor decision. 3. The An arbitral tribunal shall consist of three members and shall be constituted in the following manner: within for each dispute. Within two months from the date of notification after receipt through diplomatic channels of the request for arbitration, each Contracting Party shall appoint an arbitratorone member to the arbitral tribunal. Those The two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third StateState who, who upon approval by the two Contracting Parties, shall chair be appointed Chairman of the Tribunalarbitral tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other two members of the arbitral tribunal. 4. If within the periods specified in paragraph 2 (3) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or is prevented from discharging the said function, the Member of the International Court of Justice next in seniority, who is prevented from carrying out the said function or if he is not a national of either Contracting Party, the Vice-President shall be invited to make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointmentnecessary appointments. 5. The President of the Tribunal arbitral tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6determine its own procedure. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedingsbe binding on both Contracting Parties. Unless otherwise agreed, the decision of the arbitral tribunal shall be rendered within six months of the appointment of the Chairman in accordance with paragraphs (3) or (4) of this Article. 76. Each Contracting Party shall bear the costs of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The cost of proceeding; the costs related to the Chairman and the any remaining costs shall be borne equally by the Contracting Parties. The arbitral tribunal may however, in its decision direct that a higher proportion of costs shall be borne by one of the proceedings two Contracting Parties, and this award shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties concerning Contracting Parties relating to the interpretation and application or appli­ cation of the provisions of this Agreement shall be settled as far as possible through amicable negotiationsthe diplomatic chan­ nel. 2. If no reaches the Contracting Parties cannot reach an agreement within six months of after the date of the notification within six months of the date of the notification beginning of the dispute, the matter shall, upon the request of either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist composed of three members and shall be constituted in the following manner: within two months from the date of notification of the request for arbitration, each members. Each Contracting Party shall appoint an one arbitrator. Those , and these two arbitrators within thirty days of the appointment of the last oneshall nominate a chairman, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. 3. The designation If one of the Chairman shall be approved by the Contracting Parties has not appointed its arbitrator and has not re­ sponded to the invitation of the other Contracting Party to make that appointment within thirty days from the date of his nomination. 4. If within the periods specified in paragraph 2 of this articletwo months, the appointment has not been made or required arbitrator shall be appointed, upon the approval has been grantedrequest of that Contracting Party, either Contracting Party may request by the President of the International Court of Justice to make the appointmentJustice. 4. If the two arbitrators cannot reach an agreement about the choice of the chair­ man within two months after their appointment, the chairman shall be appointed, upon the request of either Contracting Party, by the President of the International Court of Jus­ tice. 5. 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 function, or if he or she is a national of either Contracting Party, the Vice-President appointments shall make be made by the appointmentVice President; and, and if the latter is prevented from doing so, or if he or she is a national of either of the Contracting PartiesParty, the appointments shall be made by the most senior judge of the Court who in seniority court who is not a national of one of the either Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsParty. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes shall determine its own rules and proceedings. 7votes. Each Contracting Con­ tracting Party shall bear the costs cost of the arbitrator, as well as those relating to its own arbitrator and its representation in the arbitral proceedings. The cost of the Chairman chairman and the remaining costs of the proceedings shall shall, in principle, be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 7. The tribunal shall determine its own procedures. 8. The decisions of the Tribunal tribunal shall be final and binding on both contracting partiesthe Contracting Par­ ties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled shall, as far as possible possible, be settled through amicable negotiationsnegociations. (2. ) If no reaches an agreement a dispute according to paragraph (1) cannot be settled within six months it shall upon the request of the date of the notification either Contracting Party be submitted to an arbitral tribunal.paragraph (1) cannot be settled within six months it shall upon the request of the date of the notification of the dispute, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. (3. The ) Such arbitral tribunal shall consist be constituted ad hoc as follows: each Contracting Party shall appoint one member and these two members shall agree upon a national of three a third State as their chairman. Such members and shall be constituted in the following manner: appointed within two months from the date of notification of the request for arbitration, each one Contracting Party shall appoint has informed the other Contracting Party, that it intends to submit the dispute to an arbitrator. Those two arbitrators within thirty days arbitral tribunal, the chairman of the appointment of the last one, shall select a third member who which shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days from the date of his nominationtwo further months. (4. ) If within the periods specified in paragraph 2 of this article, the appointment has (3) are not been made or required the approval has been grantedobserved, either Contracting Party may request may, in the absence of any other relevant arrangement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out a national of either of the said function Contracting Parties or if he is a national of either Contracting Partyotherwise prevented from discharging the said function, the Vice-President shall or in case of his inability the member of the International Court of Justice next in seniority should be invited under the same conditions to make the appointmentnecessary appointments.paragraph (3) are not observed, and if either Contracting Party may, in the latter is prevented or absence of any other relevant arrangement, invite the President of the International Court of Justice to make the necessary appointments. If the President of the International Court of Justice is a national of either of the Contracting PartiesParties or if he is otherwise prevented from discharging the said function, the judge Vice- President or in case of his inability the member of the International Court who of Justice next in seniority who is not a national of one of should be invited under the Contracting Parties shall same conditions to make the appointmentnecessary appointments. (5. ) The President tribunal shall establish its own rules of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relationsprocedure. (6. ) The arbitral tribunal shall decide on the basis reach its decision by virtue of the provisions of this present Agreement and pursuant to the principles generally recognized rules of international law and the general principles of law recognized by the contracting partieslaw. The Tribunal It shall decide reach its decision by a majority of votes votes; the decision shall determine its own rules be final and proceedingsbinding. (7. ) Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its own member and of its legal representation in the arbitral arbitration proceedings. The cost costs of the Chairman chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8both Contracting Parties. The decisions tribunal may, however, in its award determine another distribution of the Tribunal shall be final and binding on both contracting partiescosts.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) The two Contracting Parties shall endeavor, in good faith and with mutual cooperation, to reach a prompt and fair settlement of any disputes arising between the contracting parties them concerning the interpretation and application or execution of this Agreement shall Agreement. In this regard, the two Parties agree to initiate direct objective negotiations to achieve this solution. If the dispute has not been settled within a period of six months from the date on which the matter was raised by any Contracting Party, it may be settled as far as possible through amicable negotiationssubmitted at the request of any Contracting Party to an Arbitral Tribunal composed of three members. (2. If no reaches an agreement within six months of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within ) Within two months from the date of notification receipt of the request for arbitrationsuch request, each Contracting Party shall appoint an arbitrator. Those arbitrator and the two designated arbitrators shall designate, within thirty days a period of two months and with the approval of both Contracting Parties, a national Third country as President of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nominationCourt. 4. If (3) If, within the periods specified in paragraph 2 (2) of this articleArticle, the appointment has necessary designations have not been made or required the approval has been grantedmade, either each Contracting Party may request may, in the absence of any other agreement; Invite the President of the International Court of Justice to make any necessary appointments. If for any other reason he can not fulfill this function, the appointmentVice President will be invited to make the necessary appointments. If the Vice-President is a national of any Contracting Party, or if he is unable to fulfill that function, the member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who follows him in seniority who is not a national of one of the any Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5(4) The Arbitral Tribunal shall reach its decision by a majority of votes. Such decisions shall be final and binding on both Contracting Parties. The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide base its decision on the basis of the relevant provisions of this Agreement and the principles of in accordance with international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7law. Each Contracting Party shall bear the costs cost of its member of the arbitrator, as well as those relating to tribunal and its representation in the arbitral proceedings. ; The cost of the Chairman President and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties Contracting Parties. The Arbitral Tribunal shall determine its rules of procedure, unless they the Contracting Parties agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) If any dispute arises between the contracting parties concerning Contracting Parties relating to the interpretation and or application of this Agreement Agreement, the Contracting Parties shall in the first place try to settle it by negotiation. (2) If the Contracting Parties fail to reach a settlement of the dispute by negotiation, it may be referred by them to such person or body as they may agree on or, at the request of either Contracting Party, shall be settled as far as possible through amicable negotiations. 2. If no reaches an agreement within six months of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it submitted for decision to an ad hoc arbitral a tribunal in accordance with the provisions of this article. 3. The arbitral tribunal shall consist of three members and arbitrators which shall be constituted in the following manner: : (a) within two months from the date thirty (30) days after receipt of notification of the a request for arbitration, each Contracting Party shall appoint an one arbitrator. Those A national of a State which can be regarded as neutral in relation to the dispute, who shall act as President of the tribunal, shall be appointed as the third arbitrator by agreement between the two arbitrators arbitrators, within thirty sixty (60) days of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination.second; 4. If (b) if within the periods time limits specified in paragraph 2 of this article, the above any appointment has not been made or required the approval has been grantedmade, either Contracting Party may request the President of the International Court of Justice Justice, in a personal and individual capacity, to make the appointmentnecessary appointment within thirty (30) days. If the President of the International Court of Justice is prevented from carrying out the said function or if considers that he is a national of either a State 1 For greater certainty, this provision is without prejudice to any consideration of the laws and regulations of the Contracting Party to the dispute, when it is relevant to the claim. When making such considerations, the arbitral tribunal shall follow the prevailing interpretation given to such laws and regulations by the courts or other judicial authorities of that Contracting Party. which cannot be regarded as neutral in relation to the dispute, the Vice-President who is not disqualified on that ground shall make the appointment. (3) Except as hereinafter provided in this Article or as otherwise agreed by the Contracting Parties, the tribunal shall decide all questions relating to its competence and if establish its own procedure. At the latter is prevented direction of the tribunal, or is a national at the request of either of the Contracting Parties, a conference to determine the judge of precise issues to be arbitrated and the Court who in seniority who specific procedures to be followed shall be held not later than thirty (30) days after the tribunal is not a national of one of fully constituted. (4) Except as otherwise agreed by the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized or prescribed by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7. Each tribunal, each Contracting Party shall bear submit a memorandum within forty-five (45) days after the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedingstribunal is fully constituted. Replies shall be due sixty (60) days later. The cost tribunal shall hold a hearing at the request of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwiseeither Contracting Party, or at its discretion, within thirty (30) days after replies are due. 8. (5) The decisions of the Tribunal tribunal shall be final and binding on both contracting parties.attempt to give a written decision within thirty

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled as far as possible be settled through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement it were not possible to settle the dispute in this way within six months from the start of the date negotiations, it shall be submitted, at the request of either of the notification within six months of the date of the notification of the disputetwo Contracting Parties, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral tribunal shall consist of three members and shall be constituted set up in the following mannerway: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select a third member who shall be elect a national of a third State, who shall chair the Tribunalcountry as Chairman. The designation of arbitrators shall be appointed within three months and the Chairman shall be approved by the Contracting Parties within thirty days five months from the date on which either of his nominationthe two Contracting Parties informed the other Contracting Party of its intention to submit the dispute to an arbitral tribunal. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice- President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide issue its decision on the basis of the provisions of contained in this Agreement and as well as the generally accepted principles of international law and law. 6. Unless the general principles of law recognized by Contracting Parties decide otherwise, the contracting partiesarbitral tribunal shall lay down its own procedure. 7. The Tribunal arbitral tribunal shall decide reach its decision by a majority of votes and that decision shall determine its own rules be final and proceedingsbinding on both Contracting Parties. 78. Each Contracting Party shall bear the costs expenses of the arbitrator, as well as its own arbitrator and those relating to its representation connected with representing it in the arbitral arbitration proceedings. The cost other expenses, including those of the Chairman and the remaining costs of the proceedings Chairman, shall be removed borne in equal parts by the contracting parties unless they agree otherwisetwo Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Any dispute between the contracting parties Contracting Parties concerning the interpretation and or application of the provisions of this Agreement agreement shall be settled governed, as far as possible possible, amicably through amicable negotiations. 2. If no reaches an agreement In the event that such a dispute between the contracting parties is not permitted under par. 1 of this Article within a period of six months after being requested negotiations, it applies the written request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it for settlement to an ad hoc arbitral tribunal in accordance with the provisions of this articlearbitration court. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following mannerway: within two Within three months from the date of notification of the request receiving an application for arbitration, each Contracting Party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall select a third member who country maintains diplomatic relations with each contracting party, which approval of both Contracting Parties shall be a national appointed Chairman of a third State, who shall chair the Tribunaltribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two months from the date of his nominationappointment of the other two members. 4. If within the periods time limits specified in paragraph 2 par. 3 of this articleArticle shall not be made the necessary appointments, the appointment has not been made or required the approval has been granted, either each Contracting Party in the absence of any other agreement, may request invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a citizen of either Contracting Party or if he is unable otherwise to execute the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a citizen of either Contracting Party or is also prevented from discharging ukazanatata function next in seniority member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national citizen of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President arbitral tribunal shall reach its decision based on the provisions of the Tribunal this Agreement, and based on generally accepted principles and norms of international law. The court shall be a national of a third State with which both contracting parties maintain diplomatic relationsdetermine its own procedure. 6. The arbitral tribunal shall decide reach its decision by majority vote. This decision is final and binding on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingsboth Parties. 7. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedingsprocess. The cost costs of the Chairman and the remaining other costs of the proceedings shall be removed in equal parts borne equally by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) Any dispute between the contracting parties concerning the interpretation and or application of this Agreement shall, if possible, be settled through negotiation or consultation between the parties. (2) If the dispute cannot be settled within six (6) months following the negotiations, it shall be settled as far as possible through amicable negotiationssubmitted, at the request of either contracting party to an arbitral tribunal. 2. If no reaches an agreement within six months of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this article. (3. ) The arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following manner: within two way: a) Within three months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one member of the appointment of the last one, Tribunal; b) The two members shall select a third member who shall be a national of a third StateState who, who by mutual agreement, shall chair the Tribunal. The designation be appointed Chairman of the Tribunal by both contracting parties. c) The Chairman shall be approved by the Contracting Parties appointed within thirty days three months from the date of his nominationappointment of the other two members. (4. ) If within the periods specified in paragraph 2 of this article(3) above, the appointment has not been made or required the approval has been grantedmade, either of the Contracting Party may request Parties, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If if the President is a national of the International Court of Justice either Contracting Party or if he is otherwise prevented from carrying out the said function or function, the Vice-President shall be invited to make the necessary appointments. if he is a national of either Contracting PartyParty or is prevented from carrying out the said function, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge following member of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. (5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. ) The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the rules and principles of international law law. it shall reach its decisions by a majority of votes. such decisions shall be final and the general principles of law recognized by binding on the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall in recent bear the costs of its own member of the arbitrator, as well as those relating to Tribunal and of its representation in the arbitral arbitration proceedings. The the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8parties. The decisions the Tribunal may however be laid down in its decision that a large proportion of the Tribunal costs shall be final and binding on both borne by one of the two parties. the tribunal shall determine its own procedures unless otherwise specified by the contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled as far as possible through amicable negotiationssettled, if possible, by negotiation. 2. If no reaches an agreement such a way is not settled within six months from the beginning of negotiations, at the date request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, he referred to an ad hoc the arbitral tribunal in accordance with the provisions of this articletribunal. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted in for each individual case as follows. Each Contracting Party shall appoint one member of the following manner: arbitration tribunal within two months from the date of receipt of the notification of the request for arbitrationarbitration proceedings. Then, each Contracting Party shall appoint an arbitrator. Those these two arbitrators within thirty days of the appointment of the last one, members shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation on approval of the Chairman two Contracting Parties shall be approved by appointed Chairman of the Contracting Parties arbitral tribunal within thirty days a month from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 3 of this articleArticle, the appointment has necessary appointments have not been made or required made, in the approval has been grantedabsence of other agreement, either Contracting Party may request the President of the International Court of Justice (the "ICJ") with a request to make the appointmentsuch appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he MS is a national of either Contracting PartyParty or is otherwise unable to discharge the said function, then make the necessary appointments proposed MS Vice Chairman. If the Vice-President shall Chairman of the IPU is also a citizen of the State of either Contracting Party or is otherwise unable to discharge the said function, then make the appointment, and if necessary appointments offered to the latter is prevented or is a national of either next-highest member of the Contracting PartiesMS after him, the judge of the Court who in seniority who which is not a national of one of the either Contracting Parties shall make the appointmentParty. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide render its decision by majority vote. This decision is final and binding on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7Contracting Parties. Each Contracting Party shall bear the costs expenses related to the activities of its own appointed member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral arbitration proceedings; costs associated with the arbitration court Chairman and other expenses The Contracting Parties shall bear in equal shares. The cost However, the Court may in its decision that one of the Chairman Contracting Parties shall bear a larger share of spending, and the remaining costs of the proceedings such decision shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting partiesContracting Parties. The arbitral tribunal shall determine its own procedure.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall should, if possible, be settled as far as possible through amicable negotiationsdiplomatic channels. 2. If no reaches an agreement within six months a dispute between the Contracting Parties cannot thus be settled, it shall upon the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it be submitted to an ad hoc 1 arbitral tribunal in accordance with the provisions of this articletribunal. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following manner: within way. Within two months from of the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, State who on approval by the two Contracting Parties shall chair be appointed Chairman of the Tribunaltribunal. The designation of the Chairman shall be approved by the Contracting Parties appointed within thirty days two (2) months from the date of his nominationappointment of the other two members. 4. If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting PartyParty or if he is otherwise prevented from discharging the said function, the Vice-President shall be invited to make the appointment, and if necessary appointments. If the latter is prevented or is Vice- President Is a national of either of Contracting Party or if he too is prevented from discharging the Contracting Partiessaid function, the judge memberofthe International Court of the Court who Justice next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decision shall determine its own rules and proceedings. 7be binding on both Contracting Parties. Each Contracting ! Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The ; the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions tribunal may, however, in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting Parties. And this award shall be final and binding on both contracting partiesContracting Parties. The tribunal j shall determine its own procedure.

Settlement of Disputes between the Contracting Parties. 11 . To suggest differences Any dispute between the contracting parties concerning Contracting Parties relative to the interpretation and or application of this Agreement shall be settled as far as possible be settled through amicable negotiationsdiplomatic channels. 22 . If no reaches an agreement it were not possible to settle the dispute in this way within six months from the start of the date negotiations, it shall be submitted, at the request of either of the notification within six months of the date of the notification of the disputetwo Contracting Parties, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 33 . The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following mannerway: within Within the two months from the date of notification receipt of the request for arbitration, each Contracting Party shall appoint an arbitratorone member of the tribunal. Those two arbitrators within thirty days of the appointment of the last one, members shall then select a third member who shall be a national of a third State, who shall chair State as Chairman of the Tribunaltribunal. The designation of the Chairman shall be approved by appointed within the Contracting Parties within thirty days two months from the date of his nominationappointment of the other two members. 44 . If within the periods specified in paragraph 2 3 of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President is a national of either Contracting Party or if he is otherwise prevented from discharging the said function, the Vice President shall be invited to make the necessary appointments. If the Vice President is a national of either Contracting Party or if he too is prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 65 . The arbitral tribunal shall decide issue its decision on the basis of respect for the law, the provisions of contained in this Agreement and or in other agreements in force between the Contracting Parties, as well as the generally accepted principles of international law and law. 6 . Unless the general principles of law recognized by Contracting Parties decide otherwise, the contracting partiesarbitral tribunal shall lay down its own procedure. 7 . The Tribunal arbitral tribunal shall decide reach its decision by a majority of votes and that decision shall determine its own rules be final and proceedingsbinding on both Contracting Parties. 78 . Each Contracting Party shall bear the costs expenses of the arbitrator, as well as its own arbitrator and those relating to its representation connected with representing it in the arbitral arbitration proceedings. The cost other expenses, including those of the Chairman and the remaining costs of the proceedings Chairman, shall be removed borne in equal parts by the contracting parties unless they agree otherwisetwo Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences All disputes arising between the contracting parties concerning the interpretation and application or implementation of this Agreement Agreement, in principle, shall be settled as far as possible amicably through amicable negotiations. 2consultations. If In the event that there is no reaches an agreement within six months of the date of the notification within six months of the date of the notification of the disputeagreement, either Contracting Party may submit it to an ad hoc arbitral tribunal may, in accordance with the provisions a period of this article. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two six months from the date of notification of the request for arbitrationclaim by one party to the other, each after sending a notice to the other party, bring the matter to an arbitral tribunal composed of three arbitrators, of whom two shall be elected by the contracting parties and a third party. 2. To submit the case to an arbitral tribunal, either Contracting Party may designate even arbitrator within a period of 60 days from the date of receipt of the notification; and the arbitrators so elected by the Contracting Parties shall appoint an arbitrator. Those two arbitrators elect the chief judge within thirty a period of 60 days from the date of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair Umpire last. In the Tribunal. The designation event either party fails to appoint an arbitrator within the time period established or in the event that arbitrators selected cannot reach an agreement about the choice of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. If chief judge within the periods specified in paragraph 2 of this article, the appointment has not been made or required the approval has been grantedsaid period, either Contracting Party may request the President of the International Court of Justice to make designate, as appropriate, the appointmentarbitrator of the Party that has not done so, or the third arbitrator. 3. If In any case, the third arbitrator shall be a national of a State which has diplomatic relations with both contracting parties, on 14. 4. In cases where the third arbitrator shall be appointed by the President of the International Court of Justice it, the President of the International Court of Justice is prevented from carrying out the said exercising this function or if he is a national of either Contracting Party, the appointment shall be made by the Vice-President shall make of the appointmentInternational Court of Justice, and if the latter Vice- President is also prevented from exercising the said function or is a national of either Contracting Party, the appointment shall be made by the member of the Tribunal, more who is not a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of Unless the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The agree otherwise and subject to the provisions agreed by the arbitral tribunal shall decide on the basis of the provisions of this Agreement determine its procedure and the principles place of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7arbitration. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation own arbitrator and its participation in the arbitral proceedings. The cost expenses of the Chairman third arbitrator and the remaining costs of the proceedings shall be removed be in equal parts by the contracting parties unless they agree the arbitral tribunal decides otherwise. 86. The decisions Decisions of the Tribunal arbitral tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of this Agreement shall be settled shall, as far as possible possible, be settled by consultation through amicable negotiationsdiplomatic channel. 2. If no reaches an agreement a dispute cannot thus settled within six months months, it shall, upon the request of the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it Party, be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articlethree members. 3. The Such an arbitral tribunal shall consist of three members and shall be constituted for each individual case in the following manner: within way. Within two months from the date of notification of on which either Contracting Party receives the request written notice requesting for arbitrationarbitration from the other Contracting Party, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days one Arbitrator of the appointment tribunal. If one of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties fails to appoint its arbitrator and has not proceeded to do so within thirty days two months after an invitation from the date of his nomination. 4. If within the periods specified in paragraph 2 of this articleother party to make such an appointment, the appointment has not been made or required the approval has been granted, either latter Contracting Party may request invite the President of the International Court of Justice to make the necessary appointment. Those two arbitrators shall, within two months, select a third arbitrator who is a national of a third state which has diplomatic relations with both Contracting Parties. The third Arbitrator shall be appointed by the two Contracting Parties as Chairman of the Arbitration Tribunal. 4. If both arbitrators can't reach an agreement concerning the choice of the Chairman within two months after their appointment, either Contracting Party may in the absence of any agreement, invite the President of the International Court of Justice is prevented from carrying out to make the said function or if he necessary appointment. If the President is a national of either Contracting PartyParty or is otherwise prevented from discharging the said function, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either next most senior member of the Contracting Parties, the judge International Court of the Court who in seniority Justice who is not a national of one of the either Contracting Parties Party shall be invited to make the necessary appointment. 5. The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6determine its own procedure. The arbitral tribunal shall decide on the basis reach its award by a majority of votes in accordance with the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting partiesboth Contracting Parties. The Tribunal Such award shall decide by a majority of votes shall determine its own rules be final and proceedingsbinding on both Contracting Parties. 76. Each Contracting Party shall bear the costs cost of the arbitrator, as well as those relating to its appointed arbitrator and its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwiseContracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences between the contracting parties concerning The Contracting Parties shall, as far as possible, resolve any dispute relating to the interpretation and application or implementation or execution of this Agreement shall through consultations or other diplomatic channels, as may be settled as far as possible through amicable negotiationsagreed between the Contracting Parties. 2. If no reaches an agreement the dispute has not been resolved within six months from the date on which such consultations or other diplomatic channels are requested by one of the date of Contracting Parties and unless the notification within six months of the date of the notification of the disputeContracting Parties agree otherwise in writing, either Contracting Party may submit it may, by written notification to an ad hoc the other Contracting Party, file the dispute. a special arbitral tribunal tribunal, in accordance with the following provisions of this articleArticle. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manneras follows: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of one member and both such members shall agree on the appointment of the last one, shall select a third member who shall be a national nationality of a third Statecountry in which both Contracting Parties have diplomatic relations, who shall chair the Tribunal. The designation as chairman of the Chairman shall arbitral tribunal to be approved appointed by the Contracting Parties Party. These members shall be appointed within thirty days two months and the chairman within four months from the date on which one of his nominationthe Contracting Parties has informed the other Contracting Party that it intends to deposit the undress at a arbitral tribunal. 4. If within the periods specified set out in paragraph 2 of this article, the appointment has 3 above have not been made or required the approval has been grantedcomplied with, either Contracting Party may request may, in the absence of any other solution, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties or if he is otherwise prohibited from performing this function, the Vice-President of the International Court of Justice shall be invited to make the appointmentnecessary appointments. If the Vice-President of the International Court of Justice is a national of one of the Contracting Parties or if he is also prohibited from performing this function, the senior member of the International Court of Justice who is not a national of either Contracting Party shall be invited to make the necessary appointments. . 5. The President of the Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis reach its decision by a majority of votes. This decision shall be taken in accordance with the provisions of this Agreement and the principles applicable rules of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules be final and proceedings. 7binding on both Contracting Parties. Each Contracting Party shall bear the costs of the arbitratormember of the arbitral tribunal appointed by the Contracting Party, as well as those relating to its representation the costs of representing it in the arbitral arbitration proceedings. The cost of the Chairman and the remaining costs of the proceedings chairman, as well as any other costs of the arbitration process shall be removed borne in equal parts by both Contracting Parties. However, the contracting parties unless they agree otherwise. 8. The decisions arbitral tribunal may, in its discretion, order that most or all of these costs be borne by one of the Tribunal Contracting Parties. In all other respects the arbitral tribunal shall be final and binding on both contracting partiesdetermine its own procedures.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences The two Contracting Parties shall strive with good faith and mutual cooperation to reach a fair and quick settlement of any dispute arising between them concerning interpretation or execution of this Agreement. When they cannot agree on any means of dispute settlement, the contracting parties concerning shall seek the interpretation and application assistance of a mediator to resolve the dispute. in this Agreement shall be settled as far as possible through amicable negotiationsconnection the two contracting parties hereby agree to enter into direct objective negotiations to reach such settlement. 2. If no reaches an agreement the disagreement has not been settled in within a period of six months of from the date af which the matter raised by either contracting party, it may be submitted at the request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it contracting party to an ad hoc arbitral tribunal in accordance with the provisions composed of this articlethree members. 3. The arbitral tribunal shall consist Within a period of three members and shall be constituted in the following manner: within two months from the date of notification of receiving the said request for arbitration, each Contracting Party shall appoint an one arbitrator. Those , and the two arbitrators so appointed shall appoint within thirty days a period of three months and with the approval of both Contracting Parties the third arbitrator form a third country as Chairman of the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. If within the periods specified in paragraph 2 (2) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement, invites the President of the International Court of Justice to make the appointmentany necessary appointments. If the President is a national of either Contracting Party or otherwise prevented from discharging the said function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. The President Arbitral Tribunal shall reach its decisions by a majority of votes. Such decisions shall be final and binding on both Contracting Parties. Each Contracting Party shall bear the cost of its own member of the Tribunal Tribunal! and of its representation in the arbitral proceedings: the cost of the Chairman and the remaining costs shall be a national of a third State with which both contracting parties maintain diplomatic relationsborne in equal parts by the Contracting Parties. The tribunal shall determine its own procedures. 6. Unless agreed otherwise by the Contracting Parties, the venue of Arbitration shall be the seat af the Permanent Court of Arbitration at The arbitral tribunal Hague (The Netherlands). 7. All claims xxxxx be submitted and all hearing session shal! be completed within a period of six months from the date the third member is appointed, unless otherwise agreed. The Tribunal shall decide issue its decision within two months from the date of submitting the final ciaims or the date of closing the general sessions, whichever is later. 8. It shall not be permitted to submit a dispute to an Arbitral Tribunal pursuant to the provisions of this Article, if the same dispute was submitted to another Arbitral Tribunal! pursuant to the provisions of Article 8 hereunder and which is still under hearing by that Tribunal. 9. The Arbitral Tribunal shall rule on the basis of the provisions of this Agreement and of the rules and principles of international law and the general principles of law recognized by the contracting partiesInternational Law. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedings. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties unless they agree otherwise. 8. The decisions ruling of the Tribunal shall be by majority of votes. Such award shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. (1. To suggest differences ) The two Contracting Parties shall strive with good faith and mutual cooperation to reach a fair and quick settlement of any dispute arising between the contracting parties them concerning the interpretation and application or execution of this Agreement shall be settled as far as possible through amicable negotiations. 2Agreement. In this connection the two parties hereby agree to enter into direct objective negotiations to reach such settlement. If no reaches an agreement the disagreement has not been settled within a period of six months of from the date on which the matter was raised by either Contracting Party, it may be submitted at the request of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions Arbitral Tribunal composed of this articlethree members. 3. The arbitral tribunal shall consist (2) Within a period of three members and shall be constituted in the following manner: within two months from the date of notification of receiving the said request for arbitration, each Contracting Party shall appoint an one arbitrator. Those , and the two arbitrators so appointed shall appoint, within thirty days a period of two months and with the appointment approval of the last oneboth Contracting Parties, shall select a third member who shall be a national of a third State, who shall chair country as Chairman of the Tribunal. The designation of the Chairman shall be approved by the Contracting Parties within thirty days from the date of his nomination. 4. (3) If within the periods specified in paragraph 2 (2) of this article, Article the appointment has necessary appointments have not been made or required the approval has been grantedmade, either Contracting Party may request may, in the absence of any other agreement invite the President of the International Court of Justice to make any necessary appointments. If otherwise prevented from discharging, the appointmentsaid function, the Vice-President shall be invited to make the necessary appointments. If the Vice-President is a national of either Contracting Party or if he too is prevented from discharging the said function, the Member of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who next in seniority who is not a national of one of the either Contracting Parties Party shall be invited to make the appointmentnecessary appointments. 5. (4) The President of the Arbitral Tribunal shall be a national of a third State with which both contracting parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide reach its decision by a majority of votes votes. Such decisions shall determine its own rules and proceedings. 7be binding on bath Contracting Parties. Each Contracting Party shall bear the costs cost of its own member of the arbitrator, as well as those relating to tribunal and of its representation in the arbitral proceedings. The ; the cost of the Chairman and the remaining costs of the proceedings shall be removed borne in equal parts by the contracting parties unless they agree otherwise. 8Contracting Parties. The decisions Tribunal may, however in its decision direct that a higher proportion of costs shall be borne by one of the Tribunal two Contracting parties and this award shall be final and binding on both contracting Contracting Parties. The Tribunal shall determine its own procedure. (5) Unless agreed otherwise by the Contracting Parties, the venue of Arbitration shall be The Hague, Netherlands. (6) All claims shall be submitted and all hearing sessions shall be completed within a period of eight months from the date the third member is appointed, unless otherwise agreed. The tribunal shall issue its decision within two months from the date of submitting the final claims or the date of closing the general sessions, whichever is later. (7) It shall not be permitted to submit a dispute to an Arbitration Tribunal pursuant to the rules of this Article if the same dispute was submitted to another Arbitration Tribunal pursuant to the rules of Article (8) hereunder and which is still under hearing by that Tribunal. This, however, shall not affect entering into direct and constructive negotiations between the Contracting parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes arising between the contracting parties Contracting Parties concerning the interpretation and and/or application of this Agreement shall be settled as far as possible through amicable negotiations. 2. If no reaches an agreement cannot be achieved within a period of six months of from the date of the notification within six months of the date of the notification of the dispute, either Contracting Party may submit it to an ad hoc arbitral tribunal in accordance with the provisions of this articleArticle. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manner: within two months from after the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those two arbitrators within thirty days of after the appointment of the last one, shall select a third member who shall be a national of a third State, who shall chair the Tribunal. The the designation of the Chairman shall be approved by the Contracting Parties within thirty days from after the date of his nomination. 4. If within the periods specified in paragraph 2 of this articleArticle, the appointment has not been made or required the approval has been granted, either Contracting Party may request the President of the International Court of Justice to make the appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if he is a national of either Contracting Party, the Vice-President shall make the appointment, and if the latter is prevented or is a national of either of the Contracting Parties, the judge of the Court who in seniority who is not a national of one of the Contracting Parties shall make the appointment. 5. The President of the Tribunal shall be a national of a third State with which both contracting parties Contracting Parties maintain diplomatic relations. 6. The arbitral tribunal shall decide on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting partiesContracting Parties. The Tribunal shall decide by a majority of votes and shall determine its own rules and proceedingsprocedural rules. 7. Each Contracting Party shall bear the costs of the arbitrator, as well as those relating to its representation in the arbitral proceedings. The cost of the Chairman and the remaining costs of the proceedings shall be removed in equal parts by the contracting parties Contracting Parties unless they agree otherwise. 8. The decisions of the Tribunal shall be final and binding on both contracting partiesContracting Parties.

Settlement of Disputes between the Contracting Parties. 1. To suggest differences Disputes between the contracting parties Contracting Parties concerning the interpretation and or application of the provisions of this Agreement shall be settled settled, as far as possible possible, through amicable negotiationsdiplomatic channels. 2. If no reaches an the Contracting Parties fail to reach agreement within six months from the commencement of negotiations, it shall, at the date request of the notification within six months either of the date of the notification of the disputethem, either Contracting Party may submit it be submitted to an ad hoc arbitral tribunal in accordance with the provisions of this articletribunal. 3. The arbitral tribunal shall consist of three members and shall be constituted in the following manneras follows: within two months from the date of notification of the request for arbitration, each Contracting Party shall appoint an arbitrator. Those one arbitrator and these two arbitrators within thirty days of the appointment of the last one, shall select choose a third member who shall be a national citizen of a third State, who shall chair the TribunalState as chairman. The designation arbitrators shall be appointed within three months and the chairman within five months of the Chairman shall be approved by date on which either Contracting Party informs the other Contracting Parties within thirty days from Party of its intention to submit the date of his nominationdispute to an arbitral tribunal. 4. If within the periods specified in paragraph 2 of this article, the appointment has necessary appointments have not been made or required within the approval has been grantedtime limits provided for in paragraph 3 of this Article, either Contracting Party may request may, in the absence of other agreement, invite the President of the International Court of Justice to make the appointmentnecessary appointments. If the President of the International Court of Justice is prevented from carrying out the said unable to perform such function or if he is a national of either any of the Contracting PartyParties, the Vice-President shall be invited to make the appointment, and if necessary appointments. If the latter Vice-President is prevented unable to perform this function or is a national of either any of the Contracting Parties, the judge designations shall be made by the Member of the International Court who of Justice next in seniority who is not a national of one any of the Contracting Parties shall make the appointmentParties. 5. The President arbitral tribunal shall render its decision on the basis of the Tribunal shall be a national rules contained in this Agreement or in other agreements in force between the Contracting Parties, and on the universally recognized principles of a third State with which both contracting parties maintain diplomatic relationsinternational law. 6. The arbitral tribunal shall decide reach its decision by majority vote and its decision shall be final and binding on the basis of the provisions of this Agreement and the principles of international law and the general principles of law recognized by the contracting parties. The Tribunal shall decide by a majority of votes shall determine its own rules and proceedingsboth Contracting Parties. 7. Unless otherwise agreed by the Contracting Parties, the tribunal shall establish its own procedure. 8. Each Contracting Party shall bear the costs expenses of the arbitrator, as well as arbitrator appointed by it and those relating related to its representation in the arbitral proceedings. The cost All other expenses, including those of the Chairman and the remaining costs of the proceedings Chairman, shall be removed in equal parts borne equally by the contracting parties unless they agree otherwiseboth Contracting Parties. 8. The decisions of the Tribunal shall be final and binding on both contracting parties.