“Any dispute, controversy or claim arising out of or relating to this contract, including the conclusion, interpretation, execution, breach, termination or invalidity thereof, shall be settled by the Maritime Arbitration Commission at the Ukrainian Chamber of Commerce and Industry in accordance with its Rules.”

The parties may also indicate the substantive law to govern their contract, to determine the number of arbitrators (one or three), the venue and language of the arbitral proceedings. The parties to a contract may wish to consider adding:

«This contract shall be regulated by the substantive law of _________».
_{/ countries/}

«The number of arbitrators shall ______________________________________».
_{/ one or three /}

«The place of arbitration shall be ____________________».
_{/ city /}

«The language(s) to be used in the arbitral proceedings shall be ________________________»
_{/ Ukrainian, Russian or other/}