[ti:25] [00:01.412]00:01.96]Unit Twenty-Five [00:01.787]00:03.33]Part One [00:04.974]00:06.01]721We should settle the dispute through negotiations without resorting to legal proceeding. [00:11.848]00:15.17]722.We prefer to resolve disputes by amicable ,nonbonding conciliation between two parites. [00:20.973]00:24.13]723.As a matter of fact most disputes can be settled in a friendly way,with a view to developing a long-term relationship. [00:31.846]00:34.79]724.All disputes in connection with this contract shall be settled through friendly negotiation. [00:40.404]00:43.95]725.Personally I should say it?ˉs so much better to resolve the dispute through friendly negotiations between ourselves. [00:51.971]00:56.05]726.Friendly negotiation is the best way to settle the dispute between us if there is any. [01:07.28]01:05.56]727.Where do you want to have arbitration held? [01:08.968]01:11.70]728.As far as the place for arbitration is concerned,the customary practice is to hold arbitration in the country of defendant. [01:22.843]01:22.81]729.If we submit the case for arbitration,the place for arbitration is to be in Japan and if you submit the case for arbitration ,the place for arbitration is to be in China. [01:39.717]01:38.21]730.If the buyer is the plaintiff ,the arbitration shall take place in Beijing. [01:43.593]01:46.97]731.The members of this arbitration association are professionally competent,and in a position to arbitration that sort of case arising from the quality inspection of the medical equipment. [01:57.467]02:00.66]732.Generally speaking,all the fee for arbitration shall be borne by the losing party unless otherwise awarded by the court. [02:11.778] [02:17.903]02:20.29]734.The losing party shall bear the cost for arbitration according to the contract. [02:25.462]02:28.76]735.We require you to compensate us with an amount of losses totaling ?ê748,000caused by your failure to execute the contract and with all the expenses arising from this arbitration. [02:41.401]02:44.74]Part Two [02:46.650]02:46.15]736.If any dispute should arise over the inspection,we may submit it for arbitration. [02:52.400]02:54.73]737.If you are not prepare to compensate our loss,we suggest that case be submitted for arbitration. [03:00.962]03:03.01]738.The dispute shall be submitted for arbitration by a mutually nominated arbitrator. [03:08.774]03:12.01]739.We may discuss to agree upon a temporary arbitral body when needed. [03:21.774]03:21.14]740.If no settlement can be reached between the two parties ,the case under dispute shall be submitted to the third party accepted by both parties for arbitration. [03:32.17]03:36.66]741.In case of any dispute,and no settlement can be reached through friendly negotiations,then we can submit the case to an international arbitration organization for arbitration. [03:46.583]03:50.32]742.It?ˉs better to submit the case for arbitration to a temporary arbitration court. [03:59.395]03:58.70]743.We think that the court consisting of arbitrators from both sides must be fair and able to handle the dispute without bias or partiality. [04:08.519]04:11.64]744.Since this dispute is not negotiable ,it is necessary to resort to abitration. [04:17.770]04:19.52]745.If you don?ˉt accept our propositions,we might submit the matter to arbitration. [04:28.204]04:27.16]746.We should include an arbitration clause in the contract. [04:35.955]04:33.37]747.You needn?ˉt worry about that.There is an arbitration clause in the contract. [04:43.15]04:40.43]748.Shall we discuss the arbitration clause now? [04:48.267]04:45.68]749.It?ˉs the best to attempt to settle disputes without involving arbitration. [04:50.829]04:52.80]750.We are now applying formally to the arbitration commission for arbitration of this dispute.