"ملف ٥/٢ VI المنطقة المُحايدة في الكويت" [و‎‎٣‎٢‎٧] (٧٠٢/٦٥٣)

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1.8.49
or the rights or liabilities of either party hereunder, the
same shall, failing any agreement to settle it in any other
way, be referred to two arbitrators, one of whom shall be
chosen oy each party, and a referee, who shall be chosen by
the arbitrators before proceeding to arbitration.
(3) jiach party shall nominate its own arbitrator within
sixty days after the delivery of a request so to do by the
other party, failing which its arbitrator may at the request of
the other party be designated by the British rblitical Resident
in Giife ler^xan ruli. in the event of the arbitrators failing
to agree upon the referee within 60 days after being chosen or
designated, the British Political Resident in the Persian Gulf
may appoint a referee at the request of the arbitrators or of
either of them.
(0) The decision of the arbitrators, or in case of a
difference of opinion between them, the decision of the
referee, shall be final and binding upon both parties.
(D) In giving a decision the arbitrators or the referee
shall specify an adequate period of delay during which the
party against whom the decision is given shall conform to the
decision and that party shall be in default only if that party
has failed to conxorni to the decision prior to the expiry of
that period and not otherwise.
U) -i-he place of arbitration shall be such as may be
agreed by the parties and in default of agreement shall be
London.
19.- The Company shall make all payments that become
due to the Sheikh under this Agreement into the Sheikh’s
account at such bank or banks as the Sheikh may designate in
^-tubing and the bank’s receipt shall be a full discharge for
the Company in respect to the payment of the sum stated in the
Band’s receipt. The Sheikh shall nominate no bank which does
not have a correspondent in the United States of America or
in the United Kingdom .
iLPi 1 20 the purpose of royalty payments the Company