Arbitrations in London are conducted under the Arbitration Act 1996. The LMAA Terms (also available in Chinese) are the terms on which LMAA members usually accept arbitration appointments in maritime cases. Where the members of the tribunal accept the appointment on such terms, they apply to and govern the procedure adopted in the arbitration reference.
Members of the London Maritime Arbitrators Association receive many times more annual appointments than all the other maritime nations together.
The LMAA also publishes its Intermediate Claims Procedure (ICP), and the Small Claims Procedure (SCP), as well as a procedure for Fast and Low Cost Arbitration (FALCA), Mediation Terms and LMAA/Baltic Exchange Mediation Terms, all of which together offer those involved in maritime matters a wide range of choice for the resolution of disputes.
GAFTA is an international Trade Association with over 1500 members in 89 countries. Its aim is to promote international trade in grain, animal feed materials, pulses and rice and to protect the interests of its members worldwide, providing the support and international contacts they require. GAFTA also conducts arbitration.
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