LMAA

The London Maritime Arbitrators Association is the body of full-time maritime arbitrators who hear the largest share of the world’s shipping arbitrations seated in London. The LMAA is not an administering institution like the ICC; its members sit on party-appointed tribunals under the LMAA Terms, currently the 2021 edition, with lighter-touch procedures and no scrutiny of awards. The Terms set timetables, costs, and the appointment mechanism, and pair with the Small Claims Procedure and Intermediate Claims Procedure for lower-value disputes. London arbitration under the LMAA Terms runs against the Arbitration Act 1996, including the section 69 appeal on a point of law that parties can exclude.