ORDER :

1. The petitioner is before this Court seeking for the following reliefs:

a. To enforce the Award dated 18 August 2021 passed by the sole Arbitrator in SIAC.ARB.903/2020 and registered with the SIAC Registry of Awards as Award No.087 of 2021 (Annexure-A) and execute the Award in the Execution Petition annexed herewith.

b. Pass such other order as this Hon’ble Court may deem fit and proper in the interest of justice.

2. The petitioner claims to be incorporated under the laws of South Korea and involved in the business of trading chemicals and the respondent is incorporated under the laws of Vietnam being involved in the business of manufacturing wholesale materials and chemicals for agricultural industry.

3. The petitioner and the respondent entered into a Supply Agreement dated 30.05.2018 with the petitioner as a seller and respondent as a buyer which is governed by an Arbitration clause which reads as under:

“ARTICLE 16. LAW AND ARBITRATION

Any dispute in the interpretation and/or execution of this contract to be settled in and amicable way. If an amicable solution of the problem is impossible, both parties agree to refer the dispute for settlement by arbitration at Singapore in