Arbitration - Cost & Time Budget
Budget for a maritime arbitration (LMAA / SCMA / HKIAC) given claim value - rule-of-thumb costs plus typical award timeline.
Cost estimate
90,000USD
Typical timeline
12–18 months
Formula, assumptions, and limits
Losing party typically pays winner's reasonable costs. LMAA most popular in dry-bulk and oil-tanker trade; SCMA and HKIAC growing in Asian trades. Documents-only procedure cheaper and faster.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| Value in dispute | USD | charter party | |
| Panel + administration | USD | forum schedule |