HMAA Introduces Fast Track Arbitration Rules

Press Release
Tuesday, September 25, 2012

Houston Maritime Arbitrators Association has introduced additional rules providing for Fast Track Arbitration.


HMAA recognizes that the cost of arbitration can become prohibitive in smaller matters and the process time too lengthy. To remedy this, HMAA has enacted a set of Fast Track Arbitration Rules and a supplement to the normal HMAA arbitration clause to call them into play.

Matters involving less than $ 100,000 can be heard under the Fast Track rules, which limit the process for each party presenting their case via documents only to only one arbitrator. Using one arbitrator and documents only, reduces cost and time. The maximum amount the arbitrator can charge for fees and expenses is $ 5,000.00.

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0990 sec (10 req/sec)