Nautical Term: LMAA
Definition of LMAA
The London Maritime Arbitrators Association (LMAA) is an esteemed organization comprised of experienced maritime arbitrators, whom are based in London. This association provides a platform for parties involved in maritime disputes to engage in a cost-effective and efficient alternative dispute resolution process.
For instance, in a recent commercial dispute concerning a cargo claim, the parties opted to utilize the services of the LMAA. By engaging in the maritime arbitration process overseen by the LMAA, the parties were able to reach a fair and mutually agreeable resolution to their cargo claim dispute.
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