Rules of Arbitration
Tokyo Maritime Arbitration Commission of

 the Japan Shipping Exchange, Inc

Made 13th September, 1962
Last amended 15th June, 2001
In force 1st September, 2001

Section 1. [Purpose of these Rules]

These Rules apply to arbitrations to be held at The Japan Shipping Exchange, Inc. (hereinafter referred to as "the JSE").

Section 2. [Tribunal of Arbitrators]

(1) Arbitration described in the preceding Section shall be performed by the Tribunal of Arbitrators (including the case of a sole arbitrator, hereinafter referred to as "the Tribunal") to be constituted by arbitrators appointed in accordance with Section 14 hereof.