Are there different types of maritime arbitration in New York?
The vast majority of maritime arbitration are ad hoc, which means that each party appoints an arbitrator and the two so selected then appoint a third. The parties may also agree to a sole arbitrator, instead. A few maritime arbitrations are administered by the American Arbitration Association, a national organization which also has a maritime panel comprised mostly of practicing attorneys or retired attorneys. In an AAA arbitration, the parties have to pay administrative fees on the basis of the amounts of their claim and counterclaim.
