(1) Within thirty (30) days after receipt of the award, unless another period of time has been agreed upon by the parties:
(a) A party, with notice to the other party, may request the arbitral tribunal to correct in the award any errors in computation, any clerical or typographical errors, or any errors of similar nature.
(b) If so agreed by the parties, a party, with notice to the other party, may request the arbitral tribunal to give an interpretation of a specific point or part of the award.
If the arbitral tribunal considers the request to be justified, it shall make the correction or give the interpretation within thirty (30) days after the request. The interpretation becomes part of the award.
(2) The arbitral tribunal may correct any error described in subsection (1)(a) of this section, on its own initiative within thirty (30) days after the date of the award.
(3) Unless otherwise agreed by the parties, a party, with notice to the other party, may request, within thirty (30) days after the receipt of the award, the arbitral tribunal to make an additional award as to claims presented in the arbitral proceedings but omitted from the award. If the arbitral tribunal considers the request to be justified, it shall make the additional award within sixty (60) days after the request.
(4) The arbitral tribunal may extend, if necessary, the period of time within which it shall make a correction, interpretation, or additional award pursuant to subsection (1) or (3) of this section.
(5) The provisions of § 3247c of this title shall apply to a correction or interpretation of the award or to an additional award.
History —Jan. 5, 2012, No. 10, § 7.06.