1 Any dispute between two or more Contracting
Parties concerning the interpretation or application of the present
Convention which cannot be settled by negotiation or other means of
settlement shall, at the request of one of them, be referred to an
arbitration tribunal composed as follows: each party to the dispute
shall appoint an arbitrator and these two arbitrators shall appoint
a third arbitrator, who shall be Chairman. If, three months after
receipt of a request, one of the parties has failed to appoint an
arbitrator or if the arbitrators have failed to elect the Chairman,
any of the parties may request the Secretary-General to appoint an
arbitrator or the Chairman of the arbitration tribunal.
2 The decision of the arbitration tribunal established
under the provisions of paragraph 1 shall be binding on the parties
to the dispute.
3 The arbitration tribunal shall determine its
own rules of procedure.
4 Decisions of the arbitration tribunal, both
as to its procedures and its place of meeting and as to any controversy
laid before it, shall be taken by majority vote.
5 Any controversy which may arise between the
parties to the dispute as regards the interpretation and execution
of the award may be submitted by any of the parties for judgement
to the arbitration tribunal which made the award.