8.7 Cost of Arbitration

The amount of the arbitration fees shall be fixed by the Singapore International Arbitration Centre, which may include, but are not limited to, any expenses incurred in connection with the arbitration and such additional fees as the board of arbitration may fix in cases where an award is remitted to the board on determination of an appeal to the High Court or an order is made by the High Court concerning the reasons for an award. Arbitration fees (including any such additional fees) and expenses shall be borne by the losing party unless otherwise specially awarded.

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