the trend in modern petroleum agreements towards the adoption of institutional arbitration

From the review of the arbitration clauses in the petroleum agreements referred to above particularly agreements one sees that those clauses were generally ad hoe arbitration clauses(as opposed to institutional arbitration).

How there is a trend now in modern petroleum agreements towards the adoption of institutional arbitration.  In the words of one author:  With the growth and refinement of arbitration systems drafters now have available various comprehensive sets of arbitration rules and arbitral institutions that have stood the test time.

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