The Piraeus Association for Maritime Arbitration
In the context of the efforts for the further development of Piraeus as an international shipping center for the supply of high level services to shipping, the "Piraeus Association for Maritime Arbitration" (PAMA) was established in Piraeus by private initiative.
Founding members of the PAMA are retired Supreme Court judges, university professors, bankers, maritime lawyers and other individuals who have been involved with various aspects of shipping.
The purpose of the PAMA is to develop maritime arbitration in Greece and, more specifically, in Piraeus and to create a team of Greek and foreign arbitrators able to successfully perform the duties of an arbitrator or umpire for the resolution of maritime disputes.
Founding members of the PAMA are retired Supreme Court judges, university professors, bankers, maritime lawyers and other individuals who have been involved with various aspects of shipping.
The purpose of the PAMA is to develop maritime arbitration in Greece and, more specifically, in Piraeus and to create a team of Greek and foreign arbitrators able to successfully perform the duties of an arbitrator or umpire for the resolution of maritime disputes.
The intention is for such an arbitration to become a reliable alternative dispute resolution procedure for maritime disputes, with international recognition and able to produce high quality results at lower cost and within a shorter time than other international arbitrations.
The members of the PAMA are divided into ordinary (full) members, supporting members and honorary members. The parties may freely appoint an arbitrator of their choice, whether a member of the PAMA or not, and the arbitrators can agree upon an umpire who may or may not be a member of the PAMA. In addition, the parties may freely use foreign arbitrators, legal counsels or other advisors or consultants. In case of disagreement on the appointment of a sole arbitrator or of an umpire, the appointment will be made by the President of the PAMA among the ordinary (full) members. In addition, the procedure of the arbitration, including hearings, may be conducted at a place other than Piraeus. The procedure may be in English or in any other language agreed by the parties and foreign law may be applicable to the merits of the dispute.
The members of the PAMA are divided into ordinary (full) members, supporting members and honorary members. The parties may freely appoint an arbitrator of their choice, whether a member of the PAMA or not, and the arbitrators can agree upon an umpire who may or may not be a member of the PAMA. In addition, the parties may freely use foreign arbitrators, legal counsels or other advisors or consultants. In case of disagreement on the appointment of a sole arbitrator or of an umpire, the appointment will be made by the President of the PAMA among the ordinary (full) members. In addition, the procedure of the arbitration, including hearings, may be conducted at a place other than Piraeus. The procedure may be in English or in any other language agreed by the parties and foreign law may be applicable to the merits of the dispute.
The arbitrations will be governed by the Maritime Arbitration Rules adopted by PAMA, which have been drafted in accordance with international standards and the UNCITRAL Model Law for International Commercial Arbitration as adopted by Greece. These Rules are easily accessible to the parties internationally through PAMA’s website and will be referred to by the arbitration clauses in charterparties, memoranda of agreement for the sale of ships and other maritime contracts.
The development of Maritime Arbitration in Greece and the further development of Piraeus as an international shipping and arbitration centre will result in considerable expense savings for the resolution of maritime disputes to shipowners, charterers, cargo interests and their respective insurers. Piraeus can be a competitive and reliable alternative in the resolution of maritime disputes.
The development of Maritime Arbitration in Greece and the further development of Piraeus as an international shipping and arbitration centre will result in considerable expense savings for the resolution of maritime disputes to shipowners, charterers, cargo interests and their respective insurers. Piraeus can be a competitive and reliable alternative in the resolution of maritime disputes.
131 Notara Street,
18536 Piraeus
Greece
tel. +30-210-4292942
fax. +30-210-4292948
[ TOP ]
© Copyright 2006 Piraeus Association for Maritime Arbitration