ABSTRACT
FALCA Rules The BIMCO/LMAA Arbitration Clause set out above includes a provision incorporating the Small Claims Procedure for appropriate cases. The LMAA has also co-operated in the promotion of FALCA (Fast and Low Cost Arbitration), a procedure suitable for cases more substantial than those for which the Small Claims Procedure is designed, but in which the parties do not want a full-scale arbitration.
