Introduction

26.1 Maritime arbitration has a long history, which has developed in step with worldwide maritime trade. A large number of maritime disputes are referred to arbitration in London, of which a notable amount is administrated under the terms of the London Maritime Arbitrators Association. London, as one of world’s largest maritime disputes resolution centres, is a preferred choice for the seat of arbitration and is usually used as a standard choice in the major standard forms of charterparties and bills of lading.