Disputes between Contracting Parties. (1) Disputes between Contracting Parties regarding the interpretation or application of the provisions of this Agreement shall be settled through diplomatic channels.
Disputes between Contracting Parties. (1) If any dispute arises between the Contracting Parties relating to the interpretation or application of this Agreement, the Contracting Parties shall in the first place try to settle it by consultation and negotiation.
Disputes between Contracting Parties. (1) Disputes between Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled on an amicable basis.
Disputes between Contracting Parties. 1. Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible, be settled by consultation through diplomatic channel.
Disputes between Contracting Parties. 1) Any dispute between the Contracting Parties concerning the interpretation or application of the present Agreement, which cannot be settled within a period of six months through diplomatic channels, shall, unless the Parties have otherwise agreed, be submitted, at the request of either Party, to an arbitral tribunal, composed of three members. Each Party shall appoint one arbitrator and the two arbitrators thus appointed shall together appoint a third arbitrator as their chairman who is not a national of either Party.
Disputes between Contracting Parties. (1) The Contracting Parties shall endeavour to resolve any difference between them regarding the interpretation or application of the provisions of this Agreement by friendly negotiations.
Disputes between Contracting Parties. 1. Any dispute between the Contracting Parties relating to the interpretation or application of this Agreement shall be settled, to the extent possible, through diplomatic channels.
Disputes between Contracting Parties. (1) Disputes between the Contracting Parties concerning the interpretation and application of this Agreement should as far as possible be settled through negations between the Contracting Parties.
Disputes between Contracting Parties. The Contracting Parties shall endeavour to resolve any difference between them regarding the interpretation or application of the provisions of this Agreement by friendly negotiations. If the difference cannot thus be settled within six (6) months following the date of notification of the difference, either Contracting Party may submit it to an ad hoc Arbitral Tribunal in accordance with this Article. The Arbitral Tribunal shall be formed by three members and shall be constituted as follows; within two months of the notification by a Contracting Party of its wish to settle the dispute by arbitration, each Contracting Party shall appoint one arbitrator. These two members shall then, within thirty days of the appointment of the last one, agree upon a third member who shall be a national of a third country which has diplomatic relations with both Contracting Parties and who shall act as the Chairperson. The appointment of the Chairperson shall be approved by the Contracting Parties within thirty days of that person`s nomination. If within the time limits provided for in paragraph (2) and (3) 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 to make the necessary appointment. If the President of the International Court of Justice is prevented from carrying out the said function or if that person is a national of either Contracting Party, the appointment shall be made by the Vice-President, and if the latter is prevented or if that person is a national of either Contracting Party, the appointment shall be made by the most senior judge of the Court who is not a national of either Copntracting Party. Each Contracting Party shall bear the cost of the arbitrator it has appointed and of its representation in the arbitral proceedings. The cost of the Chairperson and the remaining costs shall be borne in equal parts by the Contracting Parties unless agreed otherwise. The decisions of the Arbitral Tribunal shall be final and binding. ARTICLE12
Disputes between Contracting Parties. Disputes between the Contracting Parties concerning the interpretation or application of this Agreement shall as far as possible be resolved through diplomatic channels. If the dispute between the Contracting Parties can not be settled in this way, at the request of either Contracting Party, it will be transferred to arbitration. Such an arbitral tribunal constituted for each case follows. Within two months of receipt of the request for arbitration, each Contracting Party shall appoint one member of the arbitral tribunal. The two members of the arbitral tribunal then select a national of a third state that with the consent of the two Contracting Parties shall be appointed Chairman of the arbitral tribunal. The Chairman shall be appointed within two months from the date of appointment of the other two members. If within the indicated period appointments have not been made, each Contracting Party may, in the absence of any other agreement, request the President of the International Court of Justice to make the appointments. If the President is a citizen of either Contracting Party or he can not with any reason to carry out the said function, the vice-chairman will be invited to make the appointments. If the Vice-President is a national of either Contracting Party or if he also can not with any reason to carry out the said function, the member of the International Court of Justice, which is following it on seniority not a national of either Contracting Party shall be invited to make the necessary appointment. The arbitral tribunal shall decide by majority vote. Such decisions are binding on both Contracting Parties. Each Contracting Party shall bear the expenses related to the activities of its arbitrator and its representation in the arbitration proceedings. Costs associated with the activities of the Chairman and other expenses The Contracting Parties shall bear in equal shares. However, the Court may, in its decision noted that one of the Contracting Parties shall bear most of the costs, and the ruling will be binding on both Contracting Parties. Court establish in their own arbitration procedure.
