(1) If, before the award is rendered, the parties agree on a settle- ment ofthe dispute or otherwise to discontinue the proceeding,the Tri- bunal, or the Secretary-General if the Tribunal has not yet been constituted, or has not yet met, shall, at their written request, in an order take note of the discontinuance of the proceeding.

(2) Ifrequested by both parties and accepted by the Tribunal,the Tribunal shall record the settlement in the form ofan award.The Tri- bunal shall not be obliged to give reasons for such an award.The par- ties will accompany their request with the full and signed text oftheir settlement.