To commence arbitration proceedings under the GIMAC Arbitration Rules, 2021, the parties shall be taken to have agreed that the arbitration shall be conducted in accordance with the following Rules -

The GIMAC Arbitration Rules, 2021, are drawn up after deliberations with various senior industry professionals practicing admiralty & maritime law and/or associated with various premier arbitral institutions.

Features of the GIMAC Arbitration Rules, 2021

• Rules are based on the UNCITRAL model – a globally recognized standard,
• Mechanism for catering to multi party / multi contract scenarios,
• Mechanism to appoint an emergency arbitrator to determine urgent applications for interim relief before the main arbitral tribunal is appointed,
• Time limit defined for the arbitral tribunal to render its final award, and
• Clear Schedule of Fees providing guidance on tribunal and administrative fees, amongst others

Mediation is a voluntary, binding process in which an impartial and neutral mediator facilitates disputing parties in reaching a settlement.

The GIMAC Mediation Rules, 2021 are a set of procedural rules encompassing different aspects of the process of Mediation to aid parties in resolving both international and domestic disputes.

A fusion of arbitration and mediation called Arbitration-Mediation-Arbitration ("Arb-Med-Arb”) is also available allowing parties to commence arbitration proceedings, followed by mediation to attempt an amicable resolution, followed by continuation of arbitration proceedings if mediation was unsuccessful.