English to Russian Law/Patents Law (general)

Помогите, пожалуйста, перевести вышеуказанную фразу (отрывок из голландских условий для экспедиторов об арбитражных разбирательствах)

The person appointed by the Dean shall act as Chairman of the arbitration board. If the arbitrators are appointed by the President of the District Court, the arbitrators shall themselves decide who is to function as
chairman. The place of arbitration shall be the place where the chairman of the arbitrators is established.
The arbitrators shall make their award as GOOD MEN IN EQUITY, subject to their liability to observe the applicable imperative legal stipulations, including the provisions of international transport treaties.