The 7 Simple Steps to FreightDisputes Arbitration:
Step 1 -
Submission
Either party should complete the Freight-Dispute
Arbitration Submission Form which includes the facility to select an
Arbitrator (or an Arbitration Panel of 3). Neither party is
considered the Plaintiff or the Defendant and it makes no difference
which party initiates the Arbitration.
Step 2 - Acceptance
Upon receipt of the
Arbitration Submission Form, FreightDisputes
will contact the other disputing party to confirm that they will accept
Arbitration. If they accept, they will also have the facility to select
an Arbitrator and/or an Arbitration Panel. If they don't accept, the
Arbitration cannot proceed.
Step 3 - Fees
We will provide both parties with an
Agreement to Arbitrate and an
invoice for USD 250.00 (or USD 600.00 for an Arbitration Panel).
Payment can be made via Credit Card. Note that the Agreement to Arbitrate
includes provisions that by submitting to Arbitration both parties
agree that the neither FreightDisputes nor the Arbitrator
shall be subpoenaed by either party in any subsequent legal
proceeding. Further, that FreightDisputes and Arbitrator shall not be
liable for any act or omission in connection with any Arbitration.
Step 4 - Appointment of Arbitrators
Upon receipt of the signed
Agreement to Arbitrate and receipt of funds, the selection of
Arbitrator(s) will be confirmed. The ultimate decision on the
selection of Arbitrators will rest with FreightDisputes but will take
into account (i) The choices of the disputing parties (ii) The
availability of the Arbitrators and their acknowledgement that they have
no real or perceived conflicts of interest and/or knowledge of either of
the disputing parties through prior personal or business relationships.
Step 5 -
Discovery
Each disputing
party will be provided with a link to allow them to enter full details of their disputes. Each party will have 10 days to provide such
details along with any supporting
evidence. On Day 10, these details will be shared with the other party
and the Arbitrator(s). Every party, including the Arbitrator(s) will have
an additional 10
days as a follow-up period to respond to the other party's submission and/or asking
for additional information and/or clarification, supporting
documentation, etc. On Day 20, the "discovery" portion of the case is
closed and no further communications or exchanges will be allowed and
the Arbitrator(s) will start the decision-making procedures.
Step 6 - Decision
As soon as possible after Day 20,
but no later than 20 days, the Arbitrator will consider and
then publish a written decision accompanied by the arbitrator's reasons
for the decision. In the case of a Panel, the majority decision will
prevail. The decision may order an action to be performed,
money to be paid, or a combination of these remedies. In addition, the
Arbitrator has the discretion to assess the costs of the arbitration
against the losing party, or to distribute the costs between the parties
in whatever proportion he/she deems equitable. Note that the Arbitrator's decision will be final and legally
binding. FreightDisputes will not accept any further communications
that attempt to re-argue the case or that are based solely upon a
disagreement or disappointment with the decision.
Step
7 - Enforcement of Decision/Certification of Decision
Should the winning party need to enforce the Arbitration Award,
it is
substantially easier to enforce in foreign courts than foreign court
judgments especially of the other disputing party is located in a
country that has subscribed to the Convention on the Recognition and Enforcement of Foreign Arbitral Awards
(also known as the "New York Convention"). See
www.uncitral.org/uncitral/en/uncitral_texts/arbitration/NYConvention_status.html
for such member states. The Convention provides that each
country must "recognize [arbitral] awards as binding and enforce them in
accordance with the rules of procedure of the territory where the award
is relied on." This means the party only needs to supply the local court
with an authenticated original or duly certified copy of the award and
the original or a certified copy of the arbitration agreement in order
to apply for enforcement. FreightDisputes will provide the
necessary documentation for a fee of USD 50.00 |