3. pants

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