Nick Ladis News

IBIA to Launch Rapid Resolution Schemes

The International Bunker Industry Association (IBIA) will launch two dispute resolution services at its annual convention in Buenos Aires on November 14-16. The schemes, mediation and arbitration, are designed to be quick, simple and low cost ways of resolving bunker industry disputes. disagreements over relatively small amounts. the dispute. conflict or disruption. "Bunkering is a global industry with remarkably few disputes. or timing. bunker disagreements where the amount at issue is less than $100,000. scheme will keep costs to a minimum. arbitration or mediation is set at $600. qualified bunker industry professionals. will have a say in who is appointed. to resolve the dispute in a series of open and closed face-to-face sessions. relationship.