New arbitration group to serve marine field

Published online: Oct 31, 2007 News
Viewed 139 time(s)

According to MAA Executive Committee chairman Thomas A. Russell, "Maritime arbitration is simpler, faster and less expensive than litigation. It has been successfully used by consumers, businesses, governmental agencies--even the courts--and is recommended where confidentiality must be preserved, where the parties wish to avoid the time, expense and publicity of a court trial. Arbitration can resolve disputes locally, not abroad or in distant cities, by arbitrators who understand their industry."
The MAA is the only national group specializing in arbitration and mediation in the maritime field. There are other groups offering these services in the U.S., but they are regional or have not been particularly interested in the marine industry. A significant difference in the MAA is that all of its arbitrators and mediators are peer-reviewed maritime lawyers.
Arbitration and mediation have deep roots in the maritime arena. After World War I, Congress passed the Federal Arbitration Act to encourage arbitration. In the 1980s, when fear of an explosion in litigation took hold, the U.S. Supreme Court found a strong federal policy favoring arbitration. A recent interest in return to the benefits of arbitration--notably the desire to save costs by resolving U.S. disputes locally--led to the formation of the MAA.
In arbitration the dispute is reviewed by one or more impartial persons who issue a final and binding decision that is enforceable in court. Mediation is voluntary and involves an impartial person who guides the parties to an agreed settlement. Compared with customary court cases that face backlogs and can require significant time and expenses in the discovery phase, these proceedings typically shorten the time to resolution and cut costs.
Engaging the MAA will assure maritime knowledge and experience is reflected in the process of resolving disputes. And since arbitration and mediation bring differing parties together as opposed to keeping them at a distance, which is common in litigation, business relationships can often be saved or maintained.
The cost to arbitrate is dependent upon a number of factors. Commercial cases will typically involve more detail, time, and thus expense than recreational (consumer) ones. Larger claims will increase costs. Administrative and other expenses may be charged.

You May Also Be Interested In...

March 31, 2015

Cascade Cycleboats launches pedal-powered boat tours

A rickshaw by any other name...wouldn't be a rickshaw anymore, I guess. But Cascade Cycleboats certainly evoke those three-wheeled conveyances of years past.
March 19, 2015

Carefree Boat Club adds location in Georgia

Carefree Boat Club has just opened a brand new location, adding to its ever-growing lineup.
March 17, 2015

World's fastest pontoon boat gets even faster

When you think of fast boats, a pontoon is probably pretty low on your list, just ahead of houseboats and tugboats. Brad Rowland begs to differ.
March 05, 2015

West Marine begins "Do It Yourselfie!" promotion

Show off your selfie fixing up your boat and West Marine could lend you a hand.
March 04, 2015

Pontoon Brands United

Premier Marine announced today the company will transfer the production of its Weeres and Palm Beach brands to its headquarters in Wyoming, Minn.
March 02, 2015

West Marine's New Product Review Day set for March 20

West Marine has announced the date for this year's iteration of their New Product Review Day.
Follow us on Facebook!  Follow us on Instagram!  Follow us on Twitter!  Follow us on YouTube!