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apply, from periods of as little as fifteen days for emergency 

 management measures during the fishing year to more than one 

 year for redetermination of national catch entitlements. 

 Normally the Arbitrator must decide on management measures 

 thirty days after assuming jurisdiction over each question 

 and on other matters ninety days after assuming jurisdiction. 



Agreed decisions of the Co-Chairmen within the pre- 

 scribed time limits are binding on the Parties, subject to 

 the right of the Parties to agree on different relief or 

 to refer the question to the Arbitrator on the basis of 

 inconsistency with the Arbitrator's prior decisions. 

 Similarly the Arbitrator's decisions are legally binding, 

 although either Party may request review of a decision in 

 light of new factors of decisive importance not previously 

 known or discoverable. Within thirty days after making each 

 decision the Co-Chairmen and Arbitrator must issue a reasoned 

 opinion explaining the basis for decision. 

 5 . Adjustment Provisions 



The Agreement is of indefinite duration and contains no 

 provision for unilateral termination upon notice to the other 

 Party. Because of this permanent character, the Agreement 

 includes provisions for adjustment of certain rights of the 

 Parties. The first such provision pertains to the right of 

 either Party, at ten year intervals, to request a review of 



