This Practice Note sets out the costs and related issues, procedures, awards and orders involved in an arbitration under the London Maritime Arbitrators Association (LMAA) Terms, which are used in shipping arbitrations and other ad hoc arbitrations, in which LMAA members have accepted appointment. It includes the questions on costs in the LMAA Questionnaire, an application for the recovery of costs and the tribunal’s rationale applied in determining costs. It also covers provisions regarding security for costs.