The arbitration procedure shall be governed by the Rules of Arbitration of China MaritimeArbitration Commission and the award made by the Commission shall be final and binding on the parties.
The arbitration procedure shall be governed by the rules of arbitration of China maritimearbitration commission and the award made by the commission shall be final and binding on the parties.
A valid foreign maritimearbitration agreement ensures that the arbitral procedure can go well. And it is also the direct basis for the recognition and enforcement of the arbitral award.