All disputes arising from the execution of or in connection with this Contract shall be settled through friendly consultations between both parties. In case no settlement can be reached through consultations, then the disputes shall be submitted to arbitration under the rules of the ICC International Court of Arbitration. The arbitration shall take place in Beijing and shall be in English language. The arbitration award shall be final and binding upon both Parties. The arbitration fees shall be borne by the losing Party. If the arbitration involves only a part of the Contract, then in the course of arbitration, the execution of the contract shall be continued except the part which is under arbitration