In the event of any dispute arising between the two Contracting Parties relating to the interpretation or application of the present Agreement, the Contracting Parties shall, in the first place, endeavour to settle it by direct negotiation between themselves. If they fail to reach a settlement by negotation, they may agree to refer the dispute for decision to an arbitral tribunal appointed by agreement between them or to some other person or body. If they do not so agree, or if, having agreed to refer the dispute to an arbitral tribunal, they cannot reach agreement as to its composition, each of the Contracting Parties may submit the dispute for decision to any tribunal competent to decide it which may here after be established within the International Civil Aviation Organization. If there is no such tribunal, the dispute shall be submitted to the Council of the Organization or, failing that, to the International Court of Justice. The Contracting Parties undertake to comply with any decision given in accordance with the provisions of this article. If and so long as either Contracting Party or its designated airline or airlines fail to comply with the decision reached in accordance wth this article, the other Contracting Party may limit, withhold, or revoke any rights which it has granted by virtue of the present Agreement to the Contracting Party in default or to its designated airline or airlines in default.