Extract to table

Article 53(1) provides that arbitral awards rendered in accordance with the provisions of the Law shall have the authority of res judicata and shall be enforceable in accordance with the Law

Article IV of the New York Convention sets out the documentary requirements that an applicant must satisfy when seeking enforcement

Specifically, the applicant must supply: (a) the duly authenticated original award or a duly certified copy thereof; and (b) the original arbitration agreement or a duly certified copy thereof

Where the award or agreement is not in the official language of the country in which enforcement is sought, the applicant must supply a translation certified by an official or sworn translator or by a diplomatic or consular agent

1 This Charter Party and any dispute arising out of or in connection with this Charter Party (including any question regarding its existence, validity, interpretation, performance, breach, or termination) shall be governed by and construed in accordance with the laws of England and Wales

2 Any dispute arising out of or in connection with this Charter Party (including any question regarding its existence, validity, interpretation, performance, breach, or termination) shall be referred to and finally resolved by arbitration under the LCIA Arbitration Rules, which Rules are deemed to be incorporated by reference into this clause