Arbitration is made either in the country of the other party or in the third country.

Arbitration is made either in the country of the other party or in the third country. ( )

Arbitration

All disputes arising from the execution of this Agreement shall be settled through negotiation between both parties．In the event that no settlement can be reached, the case in dispute shah then be submitted for arbitration to the China International Economic and Trade Arbitration Commission, Beijing, China, in accordance with its Rules of Procedure of Arbitration． The decision made by this Commission shall be regarded as final and is binding on both parties．

A: I made a very close study of the draft contract last night.

B: Any questions？

A: Yes．There are a few points which I'd like to bring up．First, the packing．It's stipulated in the contract that all the machine parts should be packed in wooden cases．This can be done with the machine parts, but it's impossible to pack a truck base like that.

B: I see.

A: Second, about the terms of payment．Your draft contract says that payment is to be made by D/P．This is not our practice．We prefer to have the payment made by L/C through a negotiating bank in France.

B: And…

A: And the third point is about arbitration．It's stipulated that arbitration shall take place in China．In all our past contracts signed with you, it was stipulated that arbitration took place in a third country.

B: Yes, that's right.

A: But how is it that this time you wish to have it carried out in China？

B: Shall we take up the matter point by point？

A: That's a good idea.

B: Now, the first point is about packing．We agree to a different packing for the truck.

A: This can easily be done.

B: Second, about terms of payment by L/C.

A: Thank you.

B: As for arbitration, in our dealings with many countries, arbitration is to be carried out in China．The Arbitration Commission of CCPIT enjoys a high prestige among friendly companies．Personally I hope you'll accept this clause．Furthermore, the disputes that have arisen from our business transaction were all settled through friendly consultations．Very rarely was arbitration restored to.

A: I see．OK．The new arbitration clause is acceptable．Is there anything else？

B: As far as the contract stipulations are concerned, there is nothing more．Thank you very much.

A: When should we sign the contract？

B: We'I1 revise the contract this evening, and have it ready to be signed tomorrow morning at ten．How's that？

A: Perfect.

Dear Sirs,

Reference to your letter dated March 1,2008 and our letter dated March 15,2008,we confirm having sold you：

Description-green tea made in Fujian,China

Quantity-6 tons

Price-＄100 per kilo,CIF

Containers-double sacks,free

Port-Yangkou Port,Shanghai

Shipment-promptly

Payment-by an irrevocable bank credit usable against surrendering of the shipping documents in London(credit to be opened by airmail)

Insurance-marine insurance to be covered by us

Claim No claim can be entertained unless made within 10 days of arrival of goods at the port of destination.

Other Conditions-We agree to settlement of disputes by arbitration,

Yours sincerely,

ZhuKang

Arbitration rules always go with the arbitration place. ( )

参考答案：错误

仲裁(arbitration)

参考答案：错误