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Any dispute over the interpretation or application of this agreement is resolved through mediation, negotiation or other peaceful means agreed by the parties in accordance with the provisions of the United Nations Convention on the Law of the Sea (NJC). 2. If disputes are not resolved within a reasonable period of time during these negotiations, they may be subject to UNESCO mediation by mutual agreement between the relevant contracting states. 3. Any such dispute, which is not resolved in this way, is subject, with the agreement of all parties to the dispute, to the International Court of Justice, to the International Tribunal of the Sea after the 1982 United Nations Convention on the Law of the Sea came into force or to arbitration. In the event of a non-agreement on the referral to the International Court of Justice, the International Tribunal for the Law of the Sea or arbitration, the contracting parties continue to cooperate in reaching a settlement of the dispute in accordance with the rules of international law governing the conservation of marine biological resources. 1. Disputes over the interpretation or application of this protocol are resolved primarily through negotiations, arbitrations or arbitrations or other peaceful means chosen by the parties to the dispute. 2.

Where a dispute concerns a fishing organization that has committed itself to be bound by the terms of this agreement and cannot be resolved by mutual agreement, the dispute is subject, at the request of a party to the dispute, to a final and binding arbitration, in accordance with the relevant rules of the Permanent Court of Arbitration. The consultations also indicated that Member States had the resumption of the 48th session of the United Nations General Assembly from 27 to 29 July 1994, with a view to the adoption of the resolution. They also called for the agreement to be immediately signed after the adoption of the resolution. 1. The dispute settlement provisions in Part XV of the Convention apply mutatis mutandis to all disputes between States parties in this agreement regarding the interpretation or application of this agreement, whether or not they are parties to the agreement. “1. This agreement enters into force thirty days after the date on which forty States gave their consent in accordance with Articles 4 and 5, provided that at least seven of the States covered in paragraph (a) of paragraph 1 of Resolution II of the Third United Nations Conference on the Law of the Sea and that at least five of those States are developed states. If these entry-into-force conditions are met by November 16, 1994, this agreement enters into force on November 16, 1994. 3.

Where voluntary dispute resolution measures are exhausted or no agreement is reached on the use of other bodies, such as the International Court of Justice or the International Tribunal for the Law of the Sea, one of the parties may seek binding arbitration. The aim of the consultations was to obtain wider participation of the major industrialized countries in the convention in order to achieve the goal of universality. The consultations resulted in an outcome that served as the basis for a general agreement on the issues that were the subject of the consultations.


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