Baltic and International Maritime Council model arbitration clauses
Baltic and International Maritime Council model arbitration clauses

The following Arbitration precedent provides comprehensive and up to date legal information covering:

  • English Law, London Arbitration
  • US Law, New York Arbitration
  • Singapore/English Law, Singapore Arbitration
  • Law and Place of Arbitration as Mutually Agreed

The Baltic and International Maritime Council (BIMCO) model arbitration clauses are as follows.

English Law, London Arbitration

    1. (a)

      This Contract shall be governed by and construed in accordance with English law and any dispute arising out of or in connection with this Contract shall be referred to arbitration in London in accordance with the Arbitration Act 1996 or any statutory modification or re-enactment thereof save to the extent necessary to give effect to the provisions of this Clause.

    2. The arbitration shall be conducted in accordance with the London Maritime Arbitrators Association (LMAA) Terms current at the time when the arbitration proceedings are commenced.

      The reference shall be to three arbitrators. A party wishing to refer a dispute to arbitration shall appoint its arbitrator and send notice of such appointment in writing to the other party requiring the other party to appoint its own arbitrator within fourteen (14) calendar days of that notice and stating that it will appoint its arbitrator as sole arbitrator unless the other party appoints its own arbitrator and gives notice that it has done so within the fourteen (14) days specified.  If the other party does not appoint its own arbitrator and give notice that it has done so within the fourteen (14) days specified, the party referring a

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