3. Article

Nothing in this Memorandum is intended to create any legal right or obligation between the Parties or regarding third parties. Article 7 - Settlement of disputes Any dispute, controversy or claim between the Parties arising out of, or relating to, this Memorandum is to be resolved amicably by negotiation. Article 8 - Suspension, modification or cancellation This Memorandum may be suspended, modified or cancelled at any time by the Republic of Latvia by giving one month's advance written notice to the IMO Secretary-General, through diplomatic channels, provided that due consideration is given to winding up any arrangements which have been put in place pursuant to this Memorandum. Article 9 - Validity and duration This Memorandum shall be valid from the date on which it has been signed by both Parties and remain valid for a period of three years, or until the agreed timeline referred to in article 4 has been completed, whichever is later. Article 10 - Additional provisions The Republic of Latvia will meet the cost of the audit team visit, which includes airfares, daily subsistence allowance and terminal expenses, consistent with the condition of travel for IMO staff members and as agreed by the Parties to this Memorandum. Implementation of this Memorandum is subject to the availability of funding. In witness whereof, the Parties have signed the present Memorandum in two originals in English. For the Government of the Republic of Latvia: K.Gerhards Minister of Transport Date: 16 February 2010 For the International Maritime Organization: E.E.Mitropoulos Secretary-General Date: 24 March 2010