The International Chamber of Commerce. The ICC’s International Court of Arbitration is one institution administering arbitration, and parties in a gas contract may elect to have disputes governed by it, the ICC Rules of Arbitration (the Rules) or both. Originally, established in Paris, the Court primarily ensures the Rules are correctly applied. The Court also has oversight powers, including appointment of arbitrators, review of awards and fixing tribunal fees. Other well known arbitral bodies include the London Court of International Arbitration and the Singapore International Arbitration Center.

Often in a GSA, or PSC contract, it is determined that disputes will be resolved under ICC rules of arbitration. Arbitration in Paris in the English language. The ICC Rules of Arbitration constitute one of the world’s oldest and most widely used sets of rules for the resolution of international commercial disputes.