LMAA—background and structure
Produced in partnership with Shawn Kirby of Wikborg Rein
Practice notesLMAA—background and structure
Produced in partnership with Shawn Kirby of Wikborg Rein
Practice notes
The LMAA
The London Maritime Arbitrators Association (LMAA) was founded on 12 February 1960 at a 'meeting of the Arbitrators on the Baltic Exchange Approved List' but asserts links and traditions stretching back more than 300 years. When it was founded, the LMAA was intended to be an association of individuals who were regularly and fairly frequently acting as arbitrators in London maritime Disputes, either as sole arbitrators or with other LMAA members (see the LMAA Guidelines for Full Membership).
As an organisation, the LMAA has no secretariat or function in administrating arbitrations that are undertaken pursuant to the LMAA Terms 2021 (the Terms); that role is the responsibility of the arbitrators, and to some extent the parties themselves. This streamlined system can lead to prompt constitution of tribunals and reduced Costs when compared with arbitration under other well-known international Arbitration rules.
The LMAA has reported that more maritime disputes are referred to arbitration in London than to any other place where arbitration services
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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
London Maritime Arbitrators Association definition
What does London Maritime Arbitrators Association mean?
The London Maritime Arbitrators Association, an arbitrators’ association based in London, England. LMAA arbitrations are ad hoc and conducted pursuant to the LMAA Terms.
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