Coll 30/123 'Bahrain (Unallotted Zone) Oil Concession: Negotiations with Petroleum Concessions Ltd.' [‎80v] (160/801)

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Article VII.
In the event of the Company failing to discover oil in sufficient quantity they shall
have the right to stop work at their option and the Shaikh shall have no claim to any
payment or compensation. 4
Similarly, in the event of the Company failing to conform to the terms of this
Agreement, the Shaikh acting on the advice of the Political Resident A senior ranking political representative (equivalent to a Consul General) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Residency. , has the right
to terminate the Agreement provided that in default of agreement on this question
either party shall have the right to demand that the question at issue shall be submitted
to arbitration as provided in Article IX below.
Article VIII.
The Shaikh solemnly declares that he will carry out all the conditions on this
contract willingly and faithfully, and that he and his heirs and successors shall be its
guarantors and shall accept full responsibility for any claims by any persons question
ing the validity of any stipulation on this account.
This contract cannot be cancelled except as provided above and shall remain in
force for the period of the Company’s concession, or any extension or renewal thereof.
Article IX.
In the event of there arising between the parties to the present concession any
dispute or difference in respect of its interpretation, or the rights or responsibilities of
one or the other of the parties therefrom resulting, such dispute or difference shall
be submitted to two arbitrators one of whom shall be named by each of the parties
and to an umpire who shall be appointed by the arbitrators before they proceed to
arbitrate.
The decision of the arbitrators, or in the event of the latter disagreeing that of
the umpire, shall be final.
Article X.
In the event of any disagreement regarding the meaning or interpretation of any
clause in this Agreement or its schedules, the English version shall be regarded as
correct.
FIRST SCHEDULE.
Privileges to be enjoyed by the Company under the Exploration Licence.
I. Free access for their agents and servants necessarily employed by the latter
to all parts of the territory under the control of the Shaikh whether private or public
property, saving only sacred buildings, shrines, and graveyards.
JL Free use of water for the same.
III. Free use of fuel lying on land the property of the Shaikh for the same.
IV. The right to purchase fuel and food supplies of every kind for man and beast,
being the private property of the Shaikh’s subjects, at current market rates, which
rate in default of agreement between the parties shall be fixed by the Shaikh or his
agents, subject to the right of the Company to appeal to the British Political Agent A mid-ranking political representative (equivalent to a Consul) from the diplomatic corps of the Government of India or one of its subordinate provincial governments, in charge of a Political Agency. at
Bahrein if they find it necessary.
V. Free importation of all material, apparatus, and machinery of every kind
necessary for the work carried out by the Company, including office requirements,
but not including personal requirements of employees.
VI. All protection in the Shaikh’s power from theft, highway robbery, assault,
wilful damage, and destruction, but all guards required by the Company shall be paid
for by the Company.
VII. An extension of the period of the licence if the Company are prevented by
causes beyond their control from carrying out the work of exploration, the length of
such extension to be fixed by agreement between the parties or failing such agreement
by the Resident in the Persian Gulf The historical term used to describe the body of water between the Arabian Peninsula and Iran. .