Members of the Baltic Exchange and London Maritime Arbitrators Association (LMAA) are available to mediate shipping and commodity related disputes.
Governed by the LMAA/Baltic Exchange Mediation Terms 2009, the service offers a flexible means of resolving disputes and is an alternative to arbitration and litigation.
Click here to download the LMAA / Baltic Exchange Mediation Terms 2009.
Companies wishing to include a provision for mediation procedures within their charterparties may use the following wording:
"Without prejudice to any other right or remdey under this Agreement, if any dispute, claim or difference arises under or in connection with this Agreement (a "Dispute"), then the Parties will attempt to settle the Dispute by mediation in accordance with the mediation procedure set out in the Baltic Exchange Mediation Procedure as published on the Baltic Exchange website."
The full mediation clause can be downloaded here.
The Baltic Exchange’s meeting rooms have been designed to facilitate mediation sessions, with three joint rooms available with separate entrance points. However, mediation may also be conducted by video conferencing or correspondence.
For further details contact Jackie Harrison.
Tel: +44 20 7369 1633