ARBITRATION CLAUSE
RECOMMENDED BY THE MARITIME ARBITRATION COMMISSION AT THE UCCI
Parties in the agreement or the contract wishing their disputes to be referred to the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry are recommended to include the following arbitration clause into their contract:
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Any dispute arising out of the present contract or in connection
with it is to be referred for consideration and final settlement
to the Maritime Arbitration Commission at the Ukrainian Chamber
of Commerce and Industry.
The parties agree that as to the consideration and
settlement of the dispute the Rules of the Maritime Arbitration
Commission at the Ukrainian Chamber of Commerce and Industry shall
apply. |
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The parties are also reminded that they can avoid difficulties and extra expenses if they correctly specify substantive law which shall regulate their contract. The parties can also, at their wish, specify the number of the arbitrators, place and language of proceedings.
The following clauses can be used:
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The present agreement shall be regulated by the substantive law of
____________________________.
/name of the country/
The Maritime Arbitration Commission shall be composed of
______________________________
/a sole or three arbitrators/
Place of the Maritime Arbitration Commission meeting shall be
__________________________
/name of the city/
Language of the Maritime Arbitration Commission proceedings shall be
______________________________
/Ukrainian, Russian or other/ |
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