File 10/5 II Hasa oil: CASOC's activities in Hasa; development of Ras Tannura; Political Agent's visit to Hasa [‎28r] (68/656)

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tlie Government declines or fails, within two months of tallowing
the date of the termination of this contract, ..^u^as^
movable prooerty, or if the Government fails to '..endei t ^
urchase^' rice within thirty days after it has been decided
by agreement or arbitration, the Company aha.- ^en have
six"months^within which to remove such property.
■
Article 27 . s
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In case of the breach by the Company ol its oDligation^uo
nnoVA the second payment of twenty thousand pounds gol , or -w •
ecu"vrlerit as P rSvlded to Article 5 hereof, or of its obliga-
tion to commence operations connected wit;. < .;i.
fo-^th in Article 8 hereof, or or its oo^igation •- K
advances of fifty thousand pounds gold, each^or its equiv^ei.o
nr^er 4 the terms and conditions provided m Arui-.-e ■ ^ ~ ^
or'of iu Obligation under Article 28 heneof to pay tne jnoun-
• p dam-e:es which may be assessed upon the Company, -r~
Gover^enVs remedy shall be the right to give th. Compaq
notice at once for such breach and
not take immediate steps to comply v/i^n the
breached, the Government may terminate this con^racu.
Article 28 .
Except as otherwise provided in Article hev-ec ; ,^tHQ
penalty for the breach by the Company 01 any ox xU ool^a^-ns
tiPder this contract shall be damages which shall oe paya- ■-
to the Government under the following conGitions=-
The Government shall at once acoi^j
alleged breach on the part of the Company^ setti^ o-
•nfltimA of qnch breach. toy controversy whic.. isia^ a, if t.o
whether or not the Company has committed xno allege ^
ohail hp cAt + Tpd by arbitration in the manner provo-aed in th «
Once that the fact of the commission of the breach
a^i - ^ ♦ _•: q . n . -po i i nr»p nf the Comoeinv "to ^
has been established, the failare < +h^ Commny
immediate steps to remedy the oreach snail oub cc ^ ^
1 +ha -) vmer."- o^ damages to the Goverment, ana u.
" u ' ie f !Ciy " r ..-h-n bp dPtermi'ned b- arbitration
cannot be agreed upon they b^JJ. ^ Q any
• „ + v.., morrnp-p nr'ovided n this contrac ■ . -^ne a.^ -
da-Ses which may dp determined shall be paid to the Government
by the Comp ny , within 60 days, after such determination.
Article 29 .
If any doubt, difference or dispute shall^arise between
the Government and the Company ^ .-C.p+np.-ed
of execution of this contract, or
or in connection nei-ow-^ agreement to
the parties hereunder, - » a - , '„ ^-i-i + rators, one
settle it in another way, be referred to .wo ar.i-^ w J o ' shall
of whom shall be chose" oy e'-s h r + ,, ---vh-'+ration.
n- f>.-pen b- the arbitrators before proceed^, to » .y x ,
m-tv-ihiu nominate its arbitrator within ^
beto rennesteS inciting by the other party to do so.
the went of arbitrators ^ili^ to agree upon a^eferee, -e
Government and the Company sh„ , ,1 they shall'
referee, and in the ever u 01 f ^ ^ ^ ^, • tional
request the President Sf the • ^5 on ' of the arbitrators,
Justice to appoint a referee . ihe decision th ;
or in the case ol the aiix er ea^, ■
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