What are the advantages of incorporating SMA Rules?
If the arbitration clause does not mention SMA Rules, the hearings are conducted according to existing maritime practice and procedure. By incorporating SMA Rules in your arbitration clause, however, you can derive great benefits. The Rules allow you to consolidate disputes, to force your opponent to arbitrate without having to compel arbitration in court, and to have flexibility. You may also have the opportunity to be awarded attorneys fees and your share of Panel expenses.
