CLAUSE

For the resolution of any disagreement(s) arising from this agreement or legal act, the parties submit themselves to the Regulations for the Agreed Resolution of Disputes of the Consulate of the Sea of the Official Barcelona Chamber of Commerce, Industry and Shipping.

If they are not able to resolve the disagreement(s) in accordance with said Regulations within 60 says of acceptation by the Consulate of the Sea of the Application for the Agreed Resolution of Disputes, or by the expiry of another deadline agreed between the parties, said disagreement(s) shall be submitted to the institutional arbitration of the Consulate of the Sea of the Official Barcelona Chamber of Commerce, Industry and Navigation, which shall be charged with the appointment of the arbiter and the administration of the arbitration. The parties expressly agree that if the arbitration is legal in nature, the arbiter need not necessarily be a lawyer.