Unless the Parties otherwise agree, the Arbitrator shall make its Award as soon as practicable, but in any event within 14 (fourteen) working days after the closure of the hearing, or the submission of the last document to the Arbitrator in the event that there is no hearing, provided that the Parties, at the request of Arbitrator, can extend this period in writing signed by them.
The final Award and all interim Awards shall be made in writing and set out the reasons upon which it is based. It shall be signed and dated by the Arbitrator, or, in the case of a tribunal of three Arbitrators, by all the members of the tribunal. When there is more than one Arbitrator, any Award or other decision of the arbitral tribunal shall be made by a majority of the Arbitrators.
Once the Award is delivered the Registrar shall make it available to all Parties. The Award shall be deemed to have been published to the Parties on the date when it is so delivered.
All Awards, inclusive of materials relating to said proceedings, are confidential save to the extent that disclosure may be required of a Party by legal duty, to protect or pursue a legal right or to enforce or challenge an Award in bona fide legal proceedings before a Court.
An Arbitrator shall only be obliged to communicate its Award after receipt of payment of all its fees and expenses. If said fees and expenses have not been paid the Arbitrator is entitled to withhold the delivery and/or publication of said Award.