Page 170 - The Persian Gulf Historical Summaries (1907-1953) Vol III_Neat

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(2) Each party shall nominate its own arbitrator within 60 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 Political Resident
in the Persian Gulf. In the event of the arbitrators failing to agree upon the
referees 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 either of them.
(3) The decision of the arbitrators or, in the case of a difference of opinion
between them, the decision of the referee, shall be final and binding upon both
parties.
(4) In giving a decision the arbitrators or the referee as the ease may be shall
be governed by the English text hereof, but the decision itself shall be translated
into Arabic for convenience of the Ruler. The decision shall specify an adequate
period of time 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 conform to the decision prior to the expiry of that period and not
otherwise.
(5) The place of arbitration shall be such as may be agreed by the parties
and in default of agreement shall be London.

Article 29
The Ruler and the Company shall not make any alterations in the terms of
this Agreement save by mutual concurrence to secure their joint advantage, and
except with the approval of Her Majesty’s Government.

Article 30
This Agreement has been written in the Arabic and English languages each
of which has equal validity, but it is understood that the Ruler may refer to
Arabic text; and it has been signed by the contracting parties on the day, month
and year hereinbefore set out.
The success is from God alone.

The Ruler of Abu Dhabi.
Sealed by
Shaikh Shakhbut bin Sultan.

for the D’Arcy Exploration Company, Limited,
(Signed) G. G. Stockwell.

In the presence of
(Signed) D. R. de L. Macpherson.
Witnessed: M. S. Weir.

(a)
Letter, dated March 9, 1953, from D’Arcy Exploration Company to the Ruler of
Abu Dhabi regarding Payments to be made to the Latter under the
Concession Agreement (No. 3 above)
I have the honour to refer to the Agreement signed between Your Excellency
and Not withstand ing^the provision of Article 1 (c) of the Agreement I confirm
that Sy Company will, until the discovery of oil in commercal quantit.es, make