Arbitration clause taken from the case Energy Transport Ltd. v. M.V. San Sebastian, 348 F Suppl. 2d 186."Any and all differences and disputes of whatsoever nature arising out of this Charter shall be put to arbitration in the City of New York or in the city of London whichever place is specified in Part I of this charter pursuant to the laws relating to arbitration there in force, before a board of three persons, consisting of one arbitrator to be appointed by the Owner, one by the Charterer, and one by the two so chosen. The decision of any two of the three on any point or points shall be final."
For a discussion of this clause please refer to the above mentioned decision.