"Applicable Law 51.1 The law which is to apply to the Contract and under which the Contract is to be construed is stated in the Preamble." "Procedural Law 51.2 The law governing the procedure and administration of any arbitration instituted pursuant to Clause 50 is stated in the Preamble." "Language 51.3 The language and place of the arbitration are stated in the Preamble."