28. Article 14. Arbitration. In the event of the parties to agree with respect to interpretation or management of the Agreement or any portion thereof, dispute resolution shall be by binding arbitration. If either party is unable to satisfactorily resolve a dispute, it shall so advise the other party in writing of that fact and of its intent to submit the matter to arbitration for resolution. No matter shall be subject to arbitration until ten full days after the giving of such written notice to seek arbitration. In the event of a notice, given after the expiration of the ten day period of intent to arbitrate, each party shal] designate an arbitrator and the two arbitrators so designated shall designate a third member of the arbitration panel. If there shall be a failure to either appoint an arbitrator by a party of the members appointed to agree on a third member, the party seeking arbitration may apply to the court of highe: jurisdiction in the Marshall Islands at the trial level, the presiding judge of which shall then make such appoints as are necessary to facilitate arbitration of the dispute. The arbitration panel shall conduct the arbitration according to such rules of procedure and evidence as it shall deem appropriate and shall render a determination of the disp te in writing not less than 21 days after submission of the displite to the panel. The judgement of the arbitration panel shall hpve the effect of a final judgment and shall be entitled to be