Maritime Reader

NEWS INTELLIGENCE ARCHIVE
03 AUG 2026 MONDAY
Advanced filters
Keywords | type to search… Date: All time Sources: All Topics: All
Reflections on 1000 arbitration reports under the LMAA Terms Mar 11, 2024 3 min read Updated: Oct 23, 2024 Reflections upon reviewing 1000 arbitration reports under the LMAA Terms (1979-2023), Prokopios Krikris FCIArb, LMAA Supporting Member Over 1000 LMAA award summaries under the LMAA terms dealing with disputes that arose under charter parties or bills of lading contracts, contracts for ship sales, shipbuilding and repair, and other agreements are currently available online. The London Maritime Arbitrators Association (LMAA) has shared on their website two tables that set out statistics for the number of appointments received, arbitrations run, and awards published. The statistics cover these periods: (1) 1983-1996 ( LMAA-APPOINTMENTS-AND-AWARDS-1983-1996.pdf ) and (2) 1996-2023 ( Statistics-up-to-2023-for-publication.pdf (lmaa.london) Approximately 20-25% of the cases referred to arbitration proceed to an award. The parties usually settle the case during the various stages of the reference. Less than 5% of these awards will likely be published as a summary in Lloyds’ Maritime Law Newsletter (LMLN), the only newsletter that regularly includes anonymized LMAA summaries. LMLN published the first award summaries in 1979. My guidebook “ charterpartydisputes.com/wp-content/uploads/2023/03/A-LIST-OF-890-LMAA-PUBLISHED-AWARDS-1979-2022-PROKOPIOS-KRIKRIS.pdf “ provides in chronological order the awards from 1979-2022 ( circa 890 awards), and in 2023, LMLN published 18 arbitration reports. In total, there are over 900 award summaries in LMLN up to date. In the guidebook, the readers can find an overview of the common issues involved in these awards under ten major categories: 1. Arbitration Practice, 2. Laytime and demurrage, 3. Hire payment- lien- redelivery- repudiation, 4. Speed and Performance, 5. Off-hire, 6. Bunkers, 7. Clause 8( NYPE), 8. Cargo Claims, 9. Stevedores and 10. Extra insurance. Jus Mundi Jus Mundi shares full copies of LMAA awards on their website. It
← Back to latest
news Charter Party Disputes ·2024-03-11

Reflections on 1000 arbitration reports under the LMAA Terms

Charter Party Disputes
Read full article at Charter Party Disputes →
Opens Charter Party Disputes in a new tab

Topics & segments

← Back to latest

Related Knowledge

Documents on the same topic from the archive