There may be an arbitration clause in Charter Party. | |||||||
This may define:
|
Professionals, with good knowledge in maritime laws. | |
To decide matters in dispute between two parties to a shipping related contract eg charter party. | |
Arbitration is alternative to litigation. |
Greater convenience than court. | |
Faster settlement. | |
Less formality than the court. | |
Expert knowledge of arbitrators. | |
Lower cost. | |
Less publicity. |
Updated: 17 September, 2007