Article 49. Correction and interpretation of the arbitral award; an additional arbitral award

Unless otherwise agreed by the parties, within thirty days of receipt of the arbitral award, either party shall - with notice to the other party - be entitled to request the arbitral court for the following:

1) correct any errors of calculation, clerical or typographical errors, or other errors of a similar nature in the arbitral award;

2) give an interpretation of a particular paragraph or part of the arbitral award, if so agreed by the parties.

If the arbitral court considers that such a request is reasonable, it shall make the appropriate corrections or provide an interpretation within thirty days of receipt thereof. Such interpretation shall become an integral part of the arbitral award.

The arbitral court shall be entitled to correct on its own initiative any errors referred to in part 1 of this Article within thirty days of the date of the arbitral award.

Unless otherwise agreed by the parties, either party, with notice to the other party, shall be entitled to request the arbitral court within thirty days of receipt of the arbitral award to make an additional award as to claims made during the arbitral proceedings, but not reflected in the arbitral award. The arbitral court shall issue within sixty days an additional award if it finds the request justified.

If necessary, the arbitral court shall be entitled to extend the period of time within which it shall correct, interpret, or make an additional award at the request of the parties in accordance with parts 1 or 4 of this Article.

The provisions of Article 47 shall apply to the correction or interpretation of the arbitral award or to the additional award.