5. Any jurisdiction that has been subject to dispute under this Part shall apply the relevant provisions of the Convention, this Convention and all relevant subregional, regional or global fisheries agreements, as well as generally recognized standards for the conservation and management of living marine resources and other rules of international law that are not inconsistent with the Convention; to ensure the conservation of the straddling fish stocks and highly migratory fish stocks concerned. 4. In the absence of an agreement within a reasonable time, each of the States concerned may avail itself of the dispute settlement procedures provided for in Part VIII. The Community shall have the international regulatory capacity of the flag State of a ship to define the conservation and management measures applicable to marine fishery resources applicable to vessels flying the flag of the Member States and to ensure that Member States adopt rules enabling the implementation of those measures. 1. Each Party may seek consultations with any other Party or other Parties on disputes concerning the interpretation or application of the provisions of this Agreement with a view to reaching a solution satisfactory to both Parties as soon as possible. 1. In cases where an international organisation referred to in Article 1 of Annex IX to the Convention does not have jurisdiction over all matters governed by this Agreement, Annex IX to the Convention shall apply mutatis mutandis to the participation of that international organisation in this Convention, with the exception that the following provisions of this Annex shall not apply: 6. taken or prescribed in accordance with paragraph 5, take into account the provisions of this Part, take due account of the rights and obligations of all States concerned, do not jeopardise or impede the achievement of a final agreement on compatible conservation and management measures and do not affect the final outcome of a dispute settlement procedure. . .