by forcer majeure events such as war, serious flood, fire, typhoon and earthquake,
or other events agreed upon between both parties, the term for the execution of the
contract may be extenede by a period equal to that affected by the event(s).
13.2 the involred party shall notify the other party by telex or cable within the
shortest possible time of the occurrence of the force majeure event and within l4 days
thereaftersend by registered airmail to the other party a certificate issued by the
relevant competent authori- ties for confirmation by theother party.
13.3 should the force majeure event last more than one hundred and twenty(120)con-
secutive days,both, parties shall settle the question of further exccution of the
contract through friendly negotiations as soonas possible.
article l4 arbitration
14.1 all disputes arisint from the execution of or in connection with the cotract
shallbesettled through fricndly consultations between both parties. in case no settlement
can be reached through consultations, then the disputes shall be submitted to
arbitration.
14.2 the arbitration shall take place in stockholm, sweden, and be conducted by
thearbitration tribunal of thestockholm chamber of commerce in accordance with the
statutes of the said tribunal.
14.3 the arbitration award shall be final and binding upon both parties.
l4.4 the arbitiation fee shall be borne by the losing party.
l4.5 if the arbitration involves only a part of the contract, then in the course of