NETHERLANDS ARBITRATION INSTITUTE

　　ARBITRATION RULES

　　in force as of 13 November 2001

　　TABLE OF CONTENTS OF THE ARBITRATION RULES

　　INTRODUCTION

　　SECTION ONE - GENERAL PROVISIONS

　　Article 1 - Definitions

　　Article 2 - Field of Application （Arbitration）

　　Article 3 - Field of Application （Binding Advice）

　　Article 4 - Notices

　　Article 5 - Periods of Time

　　SECTION TWO - COMMENCEMENT OF ARBITRATION

　　Article 6 - Request for Arbitration

　　Article 7 - Short Answer

　　Article 8 - Purpose of Request for Arbitration and Short

　　Answer

　　Article 9 - Plea as to Lack of Arbitration Agreement

　　SECTION THREE - APPOINTMENT OF ARBITRATORS

　　Article 10 - Impartiality and Independence of Arbitrators

　　Article 11 - Disclosure in Case of Doubt as to Impartiality

　　and Independence

　　Article 12 - Number of Arbitrators

　　Article 13 - Method of Appointment as Agreed by the Parties

　　Article 14 - List-Procedure

　　Article 15 - Letter of Appointment； Acceptance of Mandate；

　　Notice of Appointment to Parties

　　Article 16 - Nationality of Arbitrator

　　Article 17 - Release from Mandate

　　Article 18 - Replacement of Arbitrator

　　Article 19 - Challenge of Arbitrator

　　SECTION FOUR - PROCEDURE

　　Article 20 - Arbitration File and Communications

　　Article 21 - Representation of and Assistance for Parties

　　Article 22 - Place of Arbitration

　　Article 23 - Procedure in General

　　Article 24 - Exchange of Memorials

　　Article 25 - Counterclaim

　　Article 26 - Hearing

　　Article 27 - Evidence in General

　　Article 28 - Production of Documents

　　Article 29 - Witnesses

　　Article 30 - Experts （Party-Appointed）

　　Article 31 - Experts （Tribunal-Appointed）

　　Article 32 - Site Inspection

　　Article 33 - Order for Appearance in Person of Parties

　　Article 34 - Amendment of Claim

　　Article 35 - Withdrawal of Request for Arbitration

　　Article 36 - Default

　　Article 37 - Summary Arbitral Proceedings after the Appointment of the A-r-b-i-t-ral Tribunal on the Me-rits

　　Article 38 - Provisional Measures other than in Summary

　　Arbi-tral Proceedings

　　Article 39 - Tribunal Secretary； Technical Assistance

　　Article 40 - Language

　　Article 41 - Third Parties

　　Article 42 - Non-Compliance of a Party with Provisions

　　Contained in Section Four

　　SECTION FOUR A - SUMMARY ARBITRAL PROCEEDINGS

　　Article 42a - In General, Relationship with Article 37

　　Proce-dure

　　Article 42b - Commencement

　　Article 42c - Contents of the Request

　　Article 42d - Notification of Request to Respondent

　　Article 42e - Confirmation of Receipt of Request

　　Article 42f - Appointment of Arbitral Tribunal

　　Article 42g - Hearing

　　Article 42h - Plea as to Lack of Jurisdiction

　　Article 42i - Counterclaim

　　Article 42j - Procedure

　　Article 42k - Referral to Arbitration on the Merits

　　Article 42l - Nature of the Decision； Security

　　Article 42m - Relationship with the Case on the Merits

　　Article 42n - Administration Costs and Deposit for Costs

　　Article 42o - Interim Measures of Protection

　　SECTION FIVE - AWARD

　　Article 43 - Period of Time for Rendering Award

　　Article 44 - Types of Award

　　Article 45 - Decision According to Rules of Law or as

　　Amiable Compositeur

　　Article 46 - Applicable Law

　　Article 47 - Trade Usages

　　Article 48 - Decision-Making； Signing of Award

　　Article 49 - Form and Contents of Award

　　Article 50 - Notification and Deposit of Award

　　Article 51 - Res Judicata of Award

　　Article 52 - Rectification or Correction of Award

　　Article 53 - Additional Award

　　Article 54 - Arbitral Award on Agreed Terms

　　Article 55 - Publication of Award

　　SECTION SIX - COSTS

　　Article 56 - Costs in General

　　Article 57 - Administration Costs

　　Article 58 - Fees and Disbursements of Arbitrators

　　Article 59 - Deposit for Costs

　　Article 60 - Costs of Legal Assistance

　　Article 61 - Determination and Award of Costs

　　Article 62 - Costs in Case of Premature Termination

　　SECTION SEVEN - FINAL PROVISIONS

　　Article 63 - Violation of Rules

　　Article 64 - District Court Provision Judge having Jurisdiction

　　Article 65 - Unforeseen Matters

　　Article 66 - Exclusion of Liability

　　Article 67 - Amendment of Rules

　　NAI ARBITRATION RULES

　　in force as of 13 November 2001

　　SECTION ONE - GENERAL PROVISIONS

　　Article 1 - Definitions

　　In these Rules, the words and phrases listed below have the following meaning ：

　　（a） “NAI” - Netherlands Arbitration Institute, Foundation （Stichting）, with its seat in Rotterdam；

　　（b） “Governing Board” - the Governing Board of the NAI；

　　（c） “Executive Board” - the executive section of the NAI Governing Board as provided for in the NAI Articles of Association；

　　（d） “Administrator”： the Director of the NAI as provided for in the NAI Articles of Association and in case a director is lacking the member of the Executive Board appointed as such by the Governing Board, or their deputy nominated by the Executive Board；

　　（e） “arbitration agreement” - the agreement by which parties bind themselves to submit to arbitration an existing dispute between them （compromis； submission agree-ment） or disputes which may arise between them in the future （arbitration clause） out of a defined legal relati-onship, whether con-tractual or not； this agreement shall be proven by an instrument in writing； for this purpose an instru-ment in writing which provides for arbi-tra-tion or refers to standard conditions providing for arbi-tration is sufficient, provided that this instru-ment is expressly or impliedly accepted by or on behalf of the parties；

　　（f） “arbitral tribunal”： an arbitral tribunal of one or more arbitrators, composed in accordance with Secti-on Three or Section Four A （summary arbitral procee-dings） of these Rules；

　　（g） “international arbitration”： an arbitration in which at the moment of commencement of arbitration as referred to in arti-cles 6 and 42b of these Arbitration Rules, at least one of the parties is domiciled or has its seat, or, in the absence thereof, has his actual residence outside the Netherlands.

　　Article 2 - Field of Application （Arbitration）

　　These Rules shall apply if parties have agreed to arbitrati-on by the NAI or to arbitration in accordance with the NAI Rules.

　　Article 3 - Field of Application （Binding Advice）

　　1. These Rules shall apply accordingly if parties have agreed in writing to binding advice by the NAI or to binding advice in accordance with the NAI Rules.

　　2. If parties have agreed to arbitration, but the arbitral tribunal finds that a dispute is wholly or partially incapa-ble of settlement by arbitration, the arbitral tribunal is autho-rised to render its decision wholly or partial-ly in the form of a binding advice.

　　3. In case of binding advice, no deposit of the decision with the registry of the district cou