Article 13 Arbitration
Should any dispute arise in the course of implementing this contract which cannot be settled amicably between the two parties, the matter will be settled by Court of Justice of the Lao PDR. The decision of the above Court will be final and binding for both parties. Court charge will be borne by the losing party.
Article 14 Guarantee
a) The period of the validity of this Contract is six year. Alter complete this contact, with equal condition, Carrier has the prior right to sign the following contract. If Principle changes the transportation route or business, the price and the related articles shall be signing agreed by both parties according by Amendment.
b) If the Carrier could not carry out the articles and terms specified in this Contract to cause the loss of Consignee, without any amendment after twice warning, Consignee has the right to cancel the Contract and ask the Carrier to compensate for the related loss.
Article 15 General Conditions
The contract is made in 02 originals or via fax or E-mail in English and Chinese languages of which 01 original is retained by each party. The English version is regarded as an official one. The Appendixes shall be with the equal legal effect.
The contract comes into force dating from the date of signing the contract. Matters not covered in this contract will have to be discusses with both parties through friendly consultations.