611 



ARTICLE IV 



(1) If, at the end of a period of sixty days from the nomination of 

 the second Arbitrator, the Chairman of the Tribunal shall not have 

 been nominated, the Secretary-General of the Organization upon re- 

 quest of either Party shall within a further period of sixty days pro- 

 ceed to such nomination, selecting from a list of qualified persons 

 previously drawn up by the Council of the Organization. 



(2) If, within a period of sixty days from the date of the receipt 

 of the request, one of the Parties shall not have nominated the member 

 of the Tribunal for whose designation it is responsible, the other Party 

 may directly inform the Secretary-General of the Organization who 

 shall nominate the Chairman of the Tribunal within a period of sixty 

 days, selecting him from the list prescribed in paragraph (1) of the 

 present Article. 



(3) The Chairman of the Tribunal shall, upon nomination, request 

 the Party which has not provided an Arbitrator, to do so in the same 

 manner and under the same conditions. If the Party does not make the 

 required nomination, the Chairman of the Tribunal shall request the 

 Secretary-General of the Organization to make the nomination in the 

 form and conditions prescribed in the preceding paragraph. 



(4) The Chairman of the Tribunal, if nominated under the pro- 

 visions of the present Article, shall not be or have been a national of 

 one of the Parties concerned, except with the consent of the other 

 Party. 



(5) In the case of the decease or default of an Arbitrator for whose 

 nomination one of the Parties is responsible, the said Party shall nomi- 

 nate a replacement within a period of sixty days from the date of de- 

 cease or default. Should the said Party not make the nomination, the 

 arbitration shall proceed under the remaining Arbitrators. In case of 

 the decease or default of the Chairman of the Tribunal, a replacement 

 shall be nominated in accordance with the provisions of Article III 

 above, or in the absence of agreement between the members of the 

 Tribunal within a period of sixty days of the decease of default, ac- 

 cording to the provisions of the present Article. 



ARTICLE V 



The Tribunal may hear and determine counter-claims arising di- 

 rectly out of the subject matter of the dispute. 



ARTICLE VI 



Each Party shall be responsible for the renumeration of its Arbitra- 

 tor and connected costs and for the costs entailed by the preparation 

 of its own case. The remuneration of the Chairman of the Tribunal 

 and of all general expenses incurred by the Arbitration shall be borne 

 equally by the Parties. The Tribunal shall keep a record of all its 

 expenses and shall furnish a final statement thereof. 



