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Where any agreement, submission or reference provides for arbitration under the Rules of the Singapore Chamber of Maritime Arbitration ("SCMA"), the parties shall be taken to have agreed that the arbitration shall be conducted in accordance with the following Rules, or such Rules as amended by SCMA where the amendments take effect before the commencement of the arbitration.
Please click here to download SCMA Arbitration Rules 2nd Edition (2009) in pdf version.
Please click here to download a Commentary on the Rules, which is for guidance and is non-binding.
The Rules contain a small claims procedure (Rule 44) for claims unlikely to exceed USD75,000 excluding interest and costs. Under this expedited procedure, there is a cap on fees for arbitrators and recoverable legal costs as follows.
Arbitrator’s Fees
USD3,000 or, if there is a counterclaim, USD5,000 in total per arbitrator (normally a sole arbitrator).
Lawyers’ Maximum Recoverable Party and Party Costs
USD4,000, or if there is a counterclaim, USD5,000 in total each party’s lawyers.
The International Arbitration Act (Cap143A) applies under the SCMA Rules if the juridical seat is Singapore. The IAA applies the UNCITRAL Model law, with some modifications. The parties can agree on a different juridical seat if they so wish.
Please click here for an Overview of the International Arbitration Act.
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