Arbitration - Cost & Time Budget
Budget for a maritime arbitration (LMAA / SCMA / HKIAC) given claim value - rule-of-thumb costs plus typical award timeline.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Value in dispute | USD | |
| Panel + administration | USD |
Source: LMAA Terms 2021
In short
Budget for a maritime arbitration (LMAA / SCMA / HKIAC) given claim value - rule-of-thumb costs plus typical award timeline.