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TERMS AND CONDITIONS OF USE OF SERVICE |
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1. |
Definitions & Interpretation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.1 |
"Agreement" means this Terms and Conditions of Use of Service (including all attachment(s) and usage guidelines that may be published from time to time by JOX) and any amendments and supplements thereto as may be made from time to time by JOX in accordance with Clause 4. "GST" means the goods and services tax imposed by the Republic of Singapore. "Intellectual Property Rights" includes any patent, copyright, registered design, trade name, trade mark, service mark, logo, trade dress or other industrial or intellectual property right and applications for any of the foregoing. "Loss" includes all losses, liabilities, judgements, suits, actions, proceedings, claims, damages, costs (including legal fees on a full indemnity basis) and includes without limitation claims made by third parties and claims for defamation, infringement of Intellectual Property Rights, death, bodily injury, wrongful use of computers, unauthorised or illegal access to computers (including but not limited to hacking), property damage or pecuniary losses howsoever arising. "Parties" means JOX and the Viewer and "Party" shall mean any one of them. "Registration Form" means the form that has to be completed by the Viewer in order to register for the use of the Service. "Registration Information" means any and all information provided by the Viewer in the Registration Form. "Japanese Yen" and "Yen" mean the lawful currency of Japan. "Users" shall mean the persons who use the Service (including the Viewer) and "User" shall mean any one of them. "Website" means the web site operated and maintained by JOX on the Internet located at the domain name j-oilexchange.com or any replacement or successor domain name. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.2 |
In this Agreement, unless the context otherwise requires, words denoting the singular shall include the plural and vice versa and words denoting any one gender shall include all genders and words denoting persons shall include bodies corporate, unincorporated associations and partnerships. The headings contained herein are inserted for ease of reference only and are not intended to be part of or to affect the meaning or interpretation of any of the terms and conditions of this Agreement. References in this Agreement to Clauses are references to the clauses of this Agreement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2. |
Registration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2.1 |
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2.2 |
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2.3 |
If any Registration Information provided by the Viewer is untrue, inaccurate, not current or incomplete at the time it is provided, or if the Viewer fails to comply with Clause 2.1(b), JOX retains the right to terminate the Viewer's account and rights to use the Service and to refuse any and all current or future use of the Service. JOX may treat the Registration Information as up to date until notice to the contrary is received by JOX from the Viewer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3. |
Service | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
JOX presently provides three types of trading sites They are: - SWAP, Japan Oil Forwards Trading (Fixed) and Japan Oil Forwards Trading (Floating). Viewer Members can access and use the on-line trading sites as Viewer. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4. |
Fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.1 |
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4.2 |
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4.3 |
All Fees are subject to taxes where applicable, including GST. All taxes payable by the Viewer to JOX shall be borne solely by the Viewer and shall accompany payment of the Fees. Otherwise, all Fees shall be paid by the Viewer free of any restriction or condition, and free and clear of and without any deduction or withholding for or on account of any tax and without deduction or withholding on account of any other amount, whether by way of set-off or otherwise. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.4 |
All payments, which are non-refundable, are to be made in one lump sum; in Japanese Yen or in any other prescribed currency, by way of international telegraphic transfers or such other modes as may be prescribed by JOX from time to time, and addressed to the account of "J-Oil Exchange Pte Ltd". | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.5 |
If any sum payable to JOX under this Agreement is in arrears after it becomes due and payable, JOX may, upon fourteen (14) days written notice to the Viewer, charge interest on such sum, on a day-to-day basis, from the expiry of the notice period to the date of actual payment at the rate of one percent (1%) per month. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
4.6 |
JOX reserves the right to increase the Fees and any component thereof upon giving notice to the Viewer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
5. |
Modifications to Agreement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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5.2 |
In the event of any notification, whether by means stated in Clause 5.1(a), 5.1(b) or 5.1(c), the Viewer's continued use of the Service after receipt of such notification shall constitute an affirmative acknowledgement by the Viewer of this Agreement and its modifications and agreement by the Viewer to abide and be bound by this Agreement and its modifications. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6. |
JOX reserves the right (but shall not be obliged), if it deems in its sole discretion appropriate, to modify, change, vary, perform maintenance services, update, upgrade or discontinue the Service, temporarily or permanently, at any time, including but not limited to the removal of content or postings and the blocking or filtering of data, without notice to the Viewer. The Viewer acknowledges and agrees that JOX shall not be liable to the Viewer or any third party for any modification or discontinuance of the Service howsoever caused. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7. |
Data Protection, Confidentiality and Security Policy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.1 |
As information transmitted through the Internet in general is not confidential, JOX cannot and shall not guarantee the privacy, confidentiality or protection of the Trader/Viewer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.2 |
Nevertheless, other than the information which is maintained as private under the Data Protection, Confidentiality and Security Policy, which is incorporated by reference into this Agreement, any information and/or communication by the Trader on the Website is public and not private. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8. |
Viewer Account, Password and Security | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.1 |
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8.2 |
The Viewer acquires no rights to the username or password selected by it or assigned to it by JOX and JOX reserves the right to change the same at its sole discretion without being liable to the Viewer for any Loss howsoever suffered. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.3 |
While JOX agrees to use its best endeavours to maintain the highest level of security possible in the provision of the Service (in accordance with its Security Statement), the Viewer agrees that given the uncertain nature of the Internet use of the Service is at the Viewer's sole risk. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9. |
Links | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9.1 |
The Service may provide links to other web sites or resources as a convenience to the . Viewer The Viewer acknowledges and agrees that JOX is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any content, advertising, products, or other materials on or available from such sites or resources. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9.2 |
The Viewer agrees that JOX shall not be responsible or liable, directly or indirectly, for any Loss caused or alleged to be caused by or in connection with any use of or access to such external sites or resources, or use of or reliance on any such content, goods or services available on such external sites or resources. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9.3 |
As JOX does not monitor or review the content of such other web sites or resources, the Viewer agrees that its access by hyperlink to these third party sites is at its own risk. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10. |
Advertisements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.1 |
JOX may attach banners, Java applets and/or such other materials for the purposes of advertising the Service or JOX's and/or any third party's products and/or services ("Advertisements"). | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.2 |
For the avoidance of doubt, the Viewer shall not be entitled to receive any payment, fee and/or commission in respect of the Advertisements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.3 |
The Viewer acknowledges and agrees that any correspondence and/or participation with advertisers promoting their products/services on the Service ("Advertisers"), including the delivery of and the payment for goods and services, and any other terms, conditions, warranties or representations associated with such correspondence and/or participation, are solely between the Viewer and the respective Advertisers. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10.4 |
JOX shall not be liable or responsible for any Loss incurred as a result of such correspondence and participation or as a result of the presence of Advertisements and/or Advertisers on the Service. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11. |
Proprietary Rights | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11.1 |
The Viewer acknowledges and agrees that the content, including but not limited to text, software (including any hypertext markup language, Java script, Java, common gateway interface script or any other computer code), music, sound, photographs, video, graphics, graphical user interface, forms, logos, icons, diagrams or other material presented by JOX in the Service or by Advertisers in Advertisements or commercially produced information presented to the Viewer by the Service ("Content"), is the exclusive property of JOX or the Advertisers as the case may be. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11.2 |
Furthermore, the Viewer acknowledges and agrees that the collection, arrangement, and assembly of all Content on the Website constitutes a compilation and is the exclusive property of JOX. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
11.3 |
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12. |
Viewer Obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.1 |
The Viewer agrees to comply with the directions and/or instructions, including any usage guidelines, issued by JOX from time to time in respect of the use of the Service. The Viewer further agrees to abide by all applicable local, state, national, and international laws and regulations in the Viewer's use of the Service. The Viewer agrees to be solely responsible for the Viewer's actions and the contents of the Viewer's transmissions through the Service. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12.2 |
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12.3 |
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13. |
Disclaimer of Warranties |
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13.1 |
The Viewer expressly agrees that use of the Service is at the Viewer's sole risk. The Service is provided on an "as is" and "as available" basis. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13.2 |
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13.3 |
JOX makes no warranty that the Service will meet the Viewer's requirements, or that the Service will be uninterrupted, timely, secure, error free or free from any virus or other malicious, destructive or corruptive code, programme or macros; nor does JOX make any warranty as to the results that may be obtained from the use of the Service or as to the accuracy, adequacy, reliability, timeliness, completeness or integrity of any content or any information obtained through the Service or that defects in the Service will be corrected. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13.4 |
The Viewer understands and agrees that any material or data downloaded or otherwise obtained through the use of the Service is obtained and used at the Viewer's own discretion and risk and that the Viewer will be solely responsible for any damage to the Viewer's computer systems or loss of data that results from the download or use of such material or data. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
13.5 |
No message, view, opinion, research, recommendation, advice or information (whether oral or written) obtained by the Viewer from JOX or through the Service shall create any warranty not expressly made herein. For the avoidance of doubt, JOX cannot and does not endorse, and cannot be responsible for, the messages, views, opinions, research and recommendations obtained by the Viewer from JOX or through the Service, or advocate any commercial dealings in any securities, investments or classes of securities or investments nor does the inclusion in the Service of a link to other web site(s) or resources imply any form of endorsement by JOX. JOX does not actively review or edit the messages, views, opinions, research, recommendations, advice or information (whether oral or written) obtained by the Viewer from JOX or through the Service, even if such messages, views, opinions, research, recommendations, advice or information are made by other Users of the Service. While the information on the Website has been obtained from sources believed to be reliable, none of the data, news, information, reports or opinions nor any of the recommendations (if any) have been customised for any specific person or class of persons. The information and data available on the Service presented in text, graphics or whatever form, may include inaccuracies or errors and JOX and its information providers reserve the right to periodically make changes to the information or data on the Service. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14. |
Limitation of Liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14.1 |
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14.2 |
Subject to the provisions of this Agreement, in no event shall the any Party be liable for any special, indirect, incidental, punitive or consequential damages or losses suffered by the aggrieved Party as a result of any action or inaction caused by or attributable to the offending Party, even if the offending Party had been advised of the possibility of such damages or losses. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
14.3 |
Pursuant to Clause 14, if any Party suffers any Loss as a result of any action or inaction caused by or attributable to the offending Party, the offending Party's entire liability in respect of any such Loss shall be limited (subject to the maximum extent allowed by law) to an amount not exceeding three million Japanese Yen (3,000,000Yen). |
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14.4 |
The Parties recognise and acknowledge that they have entered into a commercial arrangement in which they will be operating in new and uncertain environments. In order to allow the Parties to introduce some certainty into the construction of the Agreement and to permit them to crystallise the extent of their potential liability in such uncertain operating environments, the Parties agree that the limited remedies and liabilities set out in this Agreement are part of a reasonable allocation of the risks and benefits of the agreement between the Parties taking all relevant factors into consideration including the value of the consideration provided by the Viewer and the availability and costs of insurance with respect to the said risks. The Parties agree that when construing the provisions of this Agreement, regards and consistency must be had to the above principles. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15. |
Indemnification | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
15.1 |
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15.2 |
The Viewer will be entitled to have full conduct of all proceedings and negotiations relating to the Loss referred in Clause 14.1 and in its discretion to accept, dispute, compromise or otherwise deal with the same (which shall be conclusive and binding on JOX) and shall be under no liability in respect thereof to JOX and JOX will provide any assistance in connection with any such claim as the Viewer may require. In no event shall JOX settle any such claim, lawsuit or proceeding without the Viewer's prior written approval. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
16. |
The Viewer agrees that its right to use the Service is personal to the Viewer. The Viewer agrees not to reproduce, duplicate, copy, sell, resell, exploit or otherwise deal with the Service (or any part thereof) for the benefit of any other party or access to the Service, without the prior written consent of JOX. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
17. |
The Viewer authorises JOX to and JOX may from time to time at its discretion at any time without any prior or subsequent notice to the Viewer combine, consolidate or merge all or any of the Viewer's accounts with, and liabilities and/or obligations to JOX and may set-off or transfer any sums payable or due to the Viewer from JOX under this Agreement or otherwise, in or towards settlement or discharge of any sums payable or due to JOX from the Viewer under this Agreement or any other agreement with JOX or otherwise. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18. |
Termination | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.1 |
Without prejudice to any other provision of this Agreement, either Party may terminate the Service with or without cause at any time by giving notice to the other Party in writing via e-mail or post. Without prejudice to any other rights under this Agreement, neither Party shall be liable to the other or any third party for the termination of the Service under this Clause 17.1. Such termination of the Service by either Party shall take effect upon forty-eight (48) hours of receipt of such notice of termination or such earlier time as may be agreed between the Parties. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.2 |
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18.3 |
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18.4 |
Upon termination of the Service, the Viewer's right to use the Service immediately ceases and the Viewer acknowledges and agrees that JOX may immediately delete all the files in all the Viewer's accounts and bar any further access to such files or the Service; provided that, in the event that JOX modifies this Agreement pursuant to Clause 4, and the Viewer does not accept such modifications, the Viewer shall have a period of thirty (30) days to only remove files and data containing third party Intellectual Property Rights submitted by the Viewer from all the Viewer's accounts before the Service terminates and the Viewer's access to the Service ceases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.5 |
The Viewer further agrees that JOX may terminate the Viewer's accounts or use of the Service in accordance with this Agreement if the Viewer fails to use the Service at least once during any three (3) month period of time. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.6 |
In the event of termination of this Agreement, without prejudice to any other remedies available to either Party, the Viewer shall be liable for any and all fees and charges (if any) due up to the date of termination or any other minimum period or payment or service provision stated in this Agreement, whichever is later. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
18.7 |
Any termination of this Agreement (howsoever occasioned) shall not affect any accrued rights or liabilities of either Party nor shall it affect the coming into force or the continuance in force of any provision hereof which is expressly or by implication intended to come into or continue in force on or after such termination including Clauses 14, 15, 16, 21, 22, 23, and 24. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
19. |
Suspension | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
19.1 |
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19.2 |
Upon such suspension, the Service shall be deemed to be terminated as from the date of suspension stipulated by JOX and the Viewer shall be liable for all charges and fees incurred up to and including the date of such suspension. In addition, upon the request by the Viewer to reconnect the Service, JOX reserves the right to impose on the Viewer a reactivation fee and such other fees as it deems appropriate. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
19.3 |
Notwithstanding the foregoing, upon the subsequent payment by the Viewer of such sums as may be demanded by JOX, JOX may, at its sole discretion and subject to such terms and conditions as it deems appropriate, reconnect the Service, in which event this Agreement shall continue as if the same had not been terminated. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20. |
Notice | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.1 |
All notices to a Party shall be in writing and shall be made either via e-mail or post to the e-mail addresses or addresses stated in the Registration Form or as otherwise agreed by the Parties. JOX may also broadcast notices, messages or other matters of importance through the Service, and such broadcasts shall constitute notice to the Viewer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.2 |
All communications and notices to the Viewer sent by post to or left at the last known address of the Viewer in the Registration Form shall be deemed to have been delivered three (3) days after the date of posting or on the day they were so left. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
20.3 |
All communications and notices to either Party sent by e-mail shall be deemed to have been received when the sending Party obtains confirmation that the receiving Party has received such notice or communication. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21. |
General | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21.1 |
In the event that any provision of this Agreement shall, in whole or in part, be determined to be invalid, unenforceable or void for any reason, such determination shall affect only the portion of such provision determined to be invalid, unenforceable or void, and shall not affect in any way the remainder of such provision or any other provision of this Agreement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21.2 |
The waiver by either Party of a breach or a default of any provision of this Agreement by the other Party shall not be construed as a waiver of any succeeding breach of the same or any other provision, nor shall any delay or omission on the part of either Party to exercise or avail itself of any right, power or privilege that it has, or may have hereunder, operate as a waiver of any right, power or privilege by such Party. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21.3 |
The United Nations Convention on Contracts for the International Sale of Goods is hereby excluded by the Viewer and JOX and shall not apply to this Agreement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21.4 |
This Agreement and any modifications thereto constitute the entire agreement between the Parties with regard to the subject matter hereof and supersede all prior understandings and agreements, whether written or oral, as to such subject matter. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
21.5 |
The Parties agree that regardless of any statute or law to the contrary, any claim or cause of action that either Party may have against the other arising out of or in relation to the use of the Service must be filed within one (1) year after such claim or cause of action arose or be forever barred. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
22. |
The Viewer represents and warrants to JOX that:
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23. |
JOX shall not be liable for any delay or default in its operation of the Website and/or Service under this Agreement caused by circumstances beyond its control including but not restricted to acts of God, acts of the public, enemy, decrees or restraints by governmental authorities, telecommunications, computer or utilities failure, strikes, war, riots, insurrections, civil commotion and other causes of such nature. In any of the events mentioned above, JOX shall for the duration of such event be relieved of any such obligation under this Agreement as is affected by the said event. PROVIDED that the provisions of this Agreement shall remain in force with regard to all other obligations under this Agreement which are not affected by such event. And PROVIDED further that the Parties shall resume their full obligations under this Agreement upon the cessation of such event. |
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24. |
Jurisdiction and Restrictions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.1 |
JOX controls and maintains the Website from the Republic of Singapore and JOX makes no representation that the material and information contained herein is appropriate or available for use in other locations/jurisdictions. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.2 |
The terms and conditions of this Agreement shall be in all respects subject to, governed by and construed in accordance with the substantive laws of the Republic of Singapore. In the event of any conflict between foreign laws, rules and regulations and those of Singapore, the laws, rules and regulations of the Republic of Singapore shall prevail. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.3 |
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23.4 |
In the event that any dispute amongst the Parties cannot be resolved or settled through mediation as mentioned in Clause 23.3, any dispute arising out of or in connection with this Agreement, including any question regarding its existence, validity or termination, shall then be referred to and finally resolved by an arbitral tribunal (the "Tribunal") in Singapore appointed in accordance with Clause 23.5 in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force which rules are deemed to be incorporated by reference into this Agreement. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.5 |
The Parties agree that the Tribunal shall be composed of three (3) members, one to be appointed by each Party and the third member, who shall act as president, to be appointed by the other two members. If the earlier two members are unable to agree, within thirty (30) days of their appointment, as to the appointment of the third member, upon the request by any Party, the third member shall be appointed by the Chairman of the Singapore International Arbitration Centre. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
24.6 |
All legal costs of the winning Party shall be borne by the losing Party on a full indemnity basis. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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