London maritime arbitration
"London maritime arbitration" is a broad term usually applied to arbitration taking place in London where the dispute involves in some way a ship – for instance a dispute under a charter party, bill of lading, ship sale agreement or shipbuilding contract. There is, however, no strict definition of maritime arbitration which would require the involvement of a ship and any arbitration carried out on terms published by the London Maritime Arbitrators Association (LMAA) might be termed a maritime arbitration. The LMAA consists of two main groups of members: full members and supporting members. As at January 2017 there are 37 full members who are generally prepared to undertake maritime arbitration of any description or duration. Maritime disputes are also referred to London arbitration from time to time under the rules of the London Court of International Arbitration, particularly under shipbuilding, ship finance and energy-related contracts. In general, the shipping market has shown a preference for non-administered arbitration.