LMAA arbitration
London Maritime Arbitrators Association. The default arbitration forum for yacht new build and major refit contracts under English law.
LMAA arbitration is the practitioner default for English-law yacht contracts. The forum is private, the awards binding, and the LMAA Terms (current 2021 edition) provide a developed procedural framework. English law plus LMAA arbitration is the standard dispute clause in SYBAss-yard new build contracts and most major refit contracts. Selection of LMAA over court litigation reflects confidentiality, speed, and the specialist arbitrator pool with shipbuilding and yacht expertise.