Introduction
Maritime commerce is a cornerstone of the global economy,
driving international trade and connecting nations. Parties
involved will have different contracts between transnational
parties and these contracts will have dispute resolution
clauses.
Maritime arbitration has emerged as a preferred choice for
parties engaged in international maritime contracts due to its
neutrality, expertise, and enforceability of awards. This article
aims to provide an overview of maritime arbitration.
1. Understanding Maritime Arbitration
1.1 Key Arbitration Centres
There are specialist Arbitration Centres set up for the specific
purpose of Maritime Arbitration. The two prominent ones are the
London Maritime Arbitration Association (LMAA)1 and the
Singapore Chamber of Maritime Arbitration (SCMA)2. Both
centres handle a substantial caseload of maritime arbitration
cases.
