MODEL ARBITRATION CLAUSE.. 1

SECTION I: INTRODUCTORY RULES.. 1

1              ACICA Arbitration Rules. 1

2              Scope of Application. 1

3              Notice, Calculation of Periods of Time. 1

4              Notice of Arbitration. 1

5              Answer to Notice of Arbitration. 2

6              Representation and Assistance. 2

7              ACICA Facilities and Assistance. 2

SECTION II: COMPOSITION OF THE ARBITRAL TRIBUNAL. 2

8              Number of Arbitrators. 2

9              Appointment of a Sole Arbitrator 2

10            Appointment of Three Arbitrators. 3

11            Appointment of Arbitrators in Multi-Party Disputes. 3

12            Information about Arbitrators. 3

13            Challenge of Arbitrators. 3

14            Procedure for the Challenge of Arbitrators. 3

15            Replacement of an Arbitrator 3

16            Repetition of Hearings if Arbitrator Replaced. 3

SECTION III: ARBITRAL PROCEEDINGS.. 4

17            General Provisions. 4

18            Confidentiality. 4

19            Seat of Arbitration. 4

20            Language. 4

21            Statement of Claim.. 4

22            Statement of Defence. 5

23            Amendments to the Claim or Defence. 5

24            Jurisdiction of the Arbitral Tribunal 5

25            Further Written Statements. 5

26            Periods of Time. 5

27            Evidence and Hearings.