Costs of arbitration / Costs awarded for in-house file management costs and counsel in accordance with loan contract, yes

'Claimant claims in his additional submission the sum of X as compensation for costs incurred in connection with the arbitral proceedings.

Article XIII, last para. of the Convention provides that the Borrowers shall bear all costs incurred by the Creditor, i.e., on account of proceedings made necessary by the Borrowers' default.

The submissions in the file tend to prove that Claimant had no option other than to file a request for arbitration to recover the debt. Indeed, apart from two deductions of intermediate interests and reimbursement of the premiums [of the guaranteeing body], Defendants fulfilled none of their contractual obligations, in spite of Claimant's repeated reminders.

Consequently, the Arbitral Tribunal allows Claimant's claim for a compensation of X for file management costs and counsel, on the basis of Article XII of the Convention.'