(1) The arbitral award is to be made in writing and is to be signed by the arbitrator or arbitrators. In arbitral proceedings with more than one arbitrator, the signatures of the majority of all members of the arbitral tribunal will suffice, provided that the reason for any missing signature is stated.
(2) The arbitral award is to state the reasons upon which it is based unless the parties have agreed that no reasons need be provided, or unless the arbitral award is an award on agreed terms as defined in section 1053.
(3) The arbitral award is to state the date on which it was made and the place of arbitration determined in accordance with section 1043 (1). The arbitral award is considered to have been made on that date and at that place.
(4) A counterpart of the arbitral award signed by the arbitrators is to be delivered to each of the parties.