Article 40 - Correction and interpretation of Award; additional Award
(1) Within 30 days of receipt of the
Award, unless another period of time has been agreed upon by the parties:
(A) a party, with notice to the other party, may request the
Arbitral Panel to correct in the Award any errors in computation, any clerical or typographical errors or any errors of similar nature; and
(B) if so agreed by the parties, a party, with notice to the other party, may request the
Arbitral Panel to give an interpretation of a specific point or part of the Award.
Arbitral Panel considers the request to be justified, it shall make the correction or give the interpretation within thirty days of receipt of the request. The interpretation shall form part of the Award.
Arbitral Panel may correct any error of the type referred to in paragraph 40(1)(A) of this Article on its own initiative within 30 days of the date of the Award.
(3) Unless otherwise agreed by the parties or in respect of an agreed
Award made under Article 36, a party, with notice to the other party, may request, within 30 days of receipt of the Award, the Arbitral Panel to make an additional Award as to claims presented in the arbitral proceedings but omitted from the Award. If the Arbitral Panel considers the request to be justified, it shall make the additional Award within 60 days.
Arbitral Panel may extend, if necessary, the period of time within which it shall make a correction, interpretation or an additional Award under paragraph 40(1) or 40(3) of this Article.
(5) The provisions of Article 37 shall apply to a correction or interpretation of the
Award or to an additional Award.