LMAA—the award
Produced in partnership with Shawn Kirby of Wikborg Rein

The following Arbitration practice note produced in partnership with Shawn Kirby of Wikborg Rein provides comprehensive and up to date legal information covering:

  • LMAA—the award
  • Timing of awards
  • Reasons for awards
  • Signature of awards
  • Payment of fees
  • Correction and expansion of awards
  • Publication of anonymised awards
  • Appeal from awards

LMAA—the award

The London Maritime Arbitrators Association (LMAA) Terms 2021 (the Terms) apply to arbitrations commenced on or after 1 May 2021 where the parties have agreed that they apply. The Terms replaced the 2017 version (LMAA Terms 2017) which apply to arbitrations commenced between 1 May 2017 and 30 April 2021. Relevant differences, including paragraph numbering, are noted below.

An enforceable award is the ultimate aim of any arbitration and as such, it is important to ensure that any award rendered has complied with the rules under which it was produced. For more information on awards generally, see: AA 1996—the arbitral award—England and Wales—overview.

Timing of awards

The Terms provide that arbitral awards 'should normally be available within not more than six weeks from the close of proceedings' and that in 'many cases, and in particular where the matter is one of urgency, the interval should be substantially shorter' (paragraph 23 of the Terms (paragraph 22 in the LMAA Terms 2017)).

In practice, this guidance is aspirational rather than definitive. The actual timing of delivery of awards very much depends on the availability of the tribunal and the complexity of the matter. However, generally the majority of awards are available within three months of the close of proceedings, and many are available within six weeks.

In BV Scheepswerf Damen Gorinchem v Marine Institute, the court held that where in

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