17. Arbitration
17、仲裁

All deputes in connection with this contract or the execution thereof shall be settled through friendly consultations. Should no settlement be reached, the case may then be submitted for arbitration to the Foreign Economic and Trade Arbitration Commission of the CCPIT in accordance with the rules and procedures of the said Arbitration Commission. The arbitration shall take place in 15 (fifteen) days. The decision of the Arbitration Commission shall be final and binding on both Parties. The arbitration fee shall be borne by the losing Party. The arbitration may also be settled in a third country mutually agreed upon by both Parties.
凡與本合同有關或因執行本合同而發生的一切糾紛，應通過友好協商解決，如果協商不能解決，則可提交中國國際貿易促進委員會對外經濟貿易仲裁委員會并根據該會仲裁法則和程序進行仲裁。仲裁將在15天內進行，仲裁裁決為最終裁決，對雙方都有約束力。仲裁費用由敗訴方承擔。仲裁也可在雙方都能接受的第三國進行。