A review of the revised LMAA Terms

Fiona Cain, of Haynes and Boone CDG, takes a look at the latest London Maritime Arbitrators Association terms

The London Maritime Arbitrators Association (LMAA) has recently published revised Terms and Procedures. These came into effect on 1 May 2021 and apply to maritime arbitrations commenced after that date where members of the tribunal accept appointment subject to the LMAA Terms. This article looks at the key changes introduced by the LMAA Terms 2021.