INTERPRETATION OF THE RULES
Rule 8
The decision of the Committee on any question relating to interpretation of these rules or any procedural matter thereunder shall be final and binding on the parties.
PANEL OF ARBITRATORS
Rule 9
A Panel of Arbitrators shall be appointed by the Committee from amongst persons who are qualified and possesses knowledge and experience in their respective field of profession and arbitration law & procedure and willing to serve as arbitrators generally or in specific fields and who are from time to time recommended by the members of the Council or any other person or organization.
All the members of the Panel will carry equal status and parties will not have right to challenge the appointment of arbitrator on the ground that its nominee arbitrator has higher status than the Presiding Arbitrator.
Rule 10
The Registrar shall prepare and maintain an up-to-date Panel of Arbitrators together with adequate information as to their qualifications and experience.
Separate lists may be kept and maintained of arbitrators included in the.
Panel for disputes in general and for each of the fields of international trade and/or business transactions in which the Governing Body decides that the Council will offer arbitration facilities under the Rules.
The parties to a dispute or the Registrar where he appoints the arbitrator may choose any person from the panel with reference to any dispute. If any party appoints a foreigner / residing abroad, as arbitrator from the panel, that party will have to meet the travel & stay expenses of the person appointed as arbitrator from his country to the place of arbitration. The arbitral tribunal may, however, make any order in regard thereto in the award. The panel of Arbitrators shall be open to inspection by all persons with the permission of the Registrar.
Rule 11
The Committee may at any time add the name of any person to the list of arbitrators included in the Panel or delete the name of any person from the panel.
Rule 12
The Chairman of the Committee may include the name of any person in the panel, in case it is required in any particular case. His continuance in the Panel will be decided by the Committee.
Rule 13
The persons who have attained the age of more than 80 years will automatically cease to be member of the Panel of Arbitrators. In case a person who has been appointed as Arbitrator before attainment of the age! of 80 years, his panel membership will continue till the pronouncement of the Award in pending arbitration matter referred to him.
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