Publication Of The 3rd Edition Of The SCMA Rules

In October 2015 the Singapore Chamber of Maritime Arbitration (SCMA) published the third edition of its arbitration rules. Notable revisions include wider powers for the tribunal to require security for costs, increased latitude for the SCMA to publicise redacted awards, express power to order interest post-award and costs penalties for parties unreasonably refusing to take part in mediation under the 'arb-med-arb' model clause.

Background The SCMA began life in 2004 as part of the more famous Singapore International Arbitration Centre (SIAC), headquartered at Maxwell Chambers. However in 2009, as a result of industry feedback, the SCMA was re-constituted as a separate and distinct shipping industry arbitral body, more akin to the London Maritime Arbitrator's Association (LMAA).