# Merchant Shipping(Liner Conferences) Act 1982, Paragraph 5


If no agreement is reached within 30 days of the giving of notice in accordance with article 14, paragraph 1, and subject to procedures prescribed in this Code, the matter shall be submitted immediately to international mandatory conciliation, in accordance with chapter VI. The recommendation of the conciliators, if accepted by the parties concerned, shall be binding upon them and shall be implemented, subject to the provisions of this article 14, paragraph 9, with effect from the date mentioned in the conciliators’ recommendation.

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Source: https://www.legislation.gov.uk/ukpga/1982/37/schedule/part/ONE/chapter/IV/crossheading/article-14-general-freightrate-increases/paragraph/5 (the official version)
Page: https://openlegislation.uk/merchant-shippingliner-conferences-act-1982/schedule/part-ONE/chapter-IV/crossheading-article-14-general-freightrate-increases/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.