Art.27 |
Article 27. Settlement of Disputes |
Art.27.1 |
1. In the event of a dispute between Contracting Parties concerning the interpretation or application of this Convention, the parties concerned shall seek solution by negotiation. |
Art.27.2 |
2. If the parties concerned cannot reach agreement by negotiation, they may jointly seek the good offices of, or request mediation by, a third party. |
Art.27.3 |
3. When ratifying, accepting, approving or acceding to this Convention, or at any time thereafter, a State or regional economic integration organization may declare in writing to the Depositary that for a dispute not resolved in accordance with paragraph 1 or paragraph 2 above, it accepts one or both of the following means of dispute settlement as compulsory: |
Art.27.3.a |
(a) Arbitration in accordance with the procedure laid down in Part 1 of Annex II; |
Art.27.3.b |
(b) Submission of the dispute to the International Court of Justice. |
Art.27.4 |
4. If the parties to the dispute have not, in accordance with paragraph 3 above, accepted the same or any procedure, the dispute shall be submitted to conciliation in accordance with Part 2 of Annex II unless the parties otherwise agree. |
Art.27.5 |
5. The provisions of this Article shall apply with respect to any protocol except as otherwise provided in the protocol concerned. |