مجموعة ٦/ ٤٨ "النفط: امتيازات في المملكة العربية السعودية. (الأحساء)" [ظ‎‎٤‎٦‎١] (١١٥٣/٩٢٤)

8
Article 27.
If the Company fails in any of its engagements provided for in this agreement
(except those mentioned in article 24), it shall be liable to punishment by means
of a fine to be paid to the Government under the following conditions :—
The Government shall warn the Company immediately about any breach
attributed to it, and explain to the Company the facts of this breach.
Any dispute which may arise as to whether the Company has committed
such a breach of its engagements or otherwise will be settled in accordance with
the method mentioned in this agreement, and if it is proved that the Company
has committed such a breach, but has failed to take immediate steps in this respect
it shall then be liable to pay compensation for the damage caused to the Govern
ment. If they cannot reach an agreement as to the amount of compensation, it
can be settled by the means of arbitration provided for in this agreement. The
Company should then pay the Government the amount of compensation decided by
arbitration within a period of sixty days, as from the date on which such decision
is given.
Article 28.
If any doubt, difficulty or difference arises between the Government and the
Company in connexion with the interpretation of this agreement or its execution,
or in the interpretation of anything in it or its execution, or in the rights of the
two parties or their engagements, and if the two parties fail to settle the same
by any other method, the case shall be settled by means of two arbitrators to be
selected by the two parties (each party selecting one arbitrator), and one chairman
to be appointed by the arbitrators before starting the arbitration. Each party
should appoint his arbitrator within a period of thirty days as from the date of
the application to be forwarded by the other party in writing. If the two
arbitrators fail to appoint the chairman, the Government and Company should
appoint the chairman by mutual agreement. If they fail to do this, they should
ask the president of the Permanent Court of International Justice to appoint the
chairman, who will be considered as chief arbitrator in the case, and if the two
arbitrators do not agree upon any suggestion, the arbitration of the chairman (or
the chief arbitrator) shall be considered final. The two parties should agree upon
fixing the place for arbitration, and, in case of their failure, the place to be fixed
for this purpose shall be The Hague, Holland.
Article 29.
The Company is not allowed to transfer its rights and obligations provided
for in this agreement without the consent of the Government, but it is understood
that the Company may have the right to transfer its rights and obligations
provided for in this agreement to another company, which may be established by
the contracting Company in connexion with this concession, after giving notice to
the Government to this effect. The Company will also have the right to establish
other companies and preparations of said nature if it appears to the Company
that they are necessary for the purpose of carrying out the affairs of this
concession. As soon as the companies and other establishments newly
established become entitled to part of the rights and undertakings provided for in
this agreement or for all of them, they shall also become bound by the conditions
and provisions of this agreement. In case the company newly established issues
shares for public sale, the inhabitants of the Saudi "Arab kingdom should be
allowed a reasonable time for the purpose of subscribing (under the same
conditions offered .to others), with 20 per cent, at least of the amount of the shares
which will be offered for sale.
Article 30.
It is understood that periods referred to in this agreement shall be calculated
on the basis of the solar calendar.
Article 31.
The date on which this agreement shall be considered as coming into force
shall be the date of its publication in the Saudi Arab country after its ratification
by the Company.