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Recognized internationally as a leading forum for the arbitration of maritime and commercial disputes, the SMA is a professional non-profit organization established in 1963.
The mission of the SMA is to promulgate arbitration and mediation, to maintain commercially effective procedures for Alternative Dispute Resolution, to offer continuing educational opportunities on arbitral issues and to provide the maritime industry with qualified experienced professionals who resolve disputes in an impartial, timely and cost-efficient manner.
Dedicated to sound arbitration practice by maritime and commercial professionals observing strict ethical standards, the SMA requires members to issue fully reasoned awards which the SMA makes available through subscription to its Awards Service as well as via the Lexis-Nexis and Westlaw information retrieval systems (although not publishing an award is an option which parties may choose).
The SMA charges no fee to the parties and neither oversees nor administers the arbitration proceedings.
Arbitrations in which SMA members participate often are governed by the SMA Rules with proceedings administered, controlled and decided solely by the participating SMA members, subject to applicable laws and agreed procedures. In effect, arbitrations proceed on an ad hoc basis with appointment of arbitrators and the governance of arbitration proceedings left up to the parties and the arbitrators as guided by the SMA Rules should the Rules be made applicable by the arbitration clause or by agreement of the parties (parties may agree to alter or modify the application of the SMA’s arbitration rules).
See www.smany.org for SMA arbitration rules and mediation rules and forms, history of the SMA, information concerning the more than 4,300 published SMA arbitration awards, member roster, and more.